NiyoSoul

NiyoSoul

Investing in Bitcoin (BTC) before a halving event can indeed present a compelling opportunity, often referred to as "going long" or "longing" Bitcoin. Here's an elaboration on why: 1. **Halving Events**: Bitcoin halving is a pre-programmed event that occurs approximately every four years or after every 210,000 blocks mined. During a halving, the reward that...

NiyoSoul

A strong non-farm payroll (NFP) report typically spurs on risk-on activity in assets like Bitcoin due to several factors: 1. **Economic Confidence**: A robust NFP report often indicates a healthy labour market and overall economic growth. This boosts investor confidence in the economy's strength, leading them to seek out riskier assets like Bitcoin, which are...

NiyoSoul

Given the sentiment around the fed keeping rates where they are. BTC is now seemingly a risk off and risk on asset, playing to the fed and also acting as a safe haven and hedge against inflation around the world. In the short term (today); we expect to see lower lows toward 63.9K and by Friday (NFP day) we expect to see BTC holding above 61K for another...

NiyoSoul

Sideways until and after NFP, look out for more political rhetoric and the #tradewar antics. Downside is certain, but we may see a retest of 24800 ...

NiyoSoul

TP at 1.0724