Hey all,
The past few days I have been watching price action, volumes, news and Twitter sentiment. We need to accept (and adapt) that this market is different and the entities with the most whale power are most of the time not your regular stock market traders. A big part of the new breed is present in the crypto demographic.
In crypto the brightest minds in programming are working together with mathematicians, cryptographers, data and machine learning engineers. And a lot of other extremely talented persons. It's a high tech environment where we see a lot of new ideas being explored and turned into new products. These products could create big waves into the financial markets (DeFi for example). The point I'm trying to make is that market principles and structures will always play a big role in any trading environment. But crypto has it's own characteristics. One of the them being the power of the meme. Which is refreshing but also extremely powerful. However the technology is by far the most important factor in crypto's success.
The meme part could have been used for the intermediate top target, you can check that for yourself. The exact target looked like it could have been $64920, all the numbers are there you just need to reshuffle them a bit.
I don't think we get a double correction like the one I described in the related idea (Bitcoin bull year 2021 and bear year 2022). Last week and this week are key weeks this cycle. It's here where in hindsight people will say: those weeks were the last chance to load up Bitcoin below 40k and load up on spot altcoin bags before the golden bull run really started.
Let's see how everything plays out!
/salute Shiningforce
The past few days I have been watching price action, volumes, news and Twitter sentiment. We need to accept (and adapt) that this market is different and the entities with the most whale power are most of the time not your regular stock market traders. A big part of the new breed is present in the crypto demographic.
In crypto the brightest minds in programming are working together with mathematicians, cryptographers, data and machine learning engineers. And a lot of other extremely talented persons. It's a high tech environment where we see a lot of new ideas being explored and turned into new products. These products could create big waves into the financial markets (DeFi for example). The point I'm trying to make is that market principles and structures will always play a big role in any trading environment. But crypto has it's own characteristics. One of the them being the power of the meme. Which is refreshing but also extremely powerful. However the technology is by far the most important factor in crypto's success.
The meme part could have been used for the intermediate top target, you can check that for yourself. The exact target looked like it could have been $64920, all the numbers are there you just need to reshuffle them a bit.
I don't think we get a double correction like the one I described in the related idea (Bitcoin bull year 2021 and bear year 2022). Last week and this week are key weeks this cycle. It's here where in hindsight people will say: those weeks were the last chance to load up Bitcoin below 40k and load up on spot altcoin bags before the golden bull run really started.
Let's see how everything plays out!
/salute Shiningforce
The fast hard recovery did not take place. I'm still ultra bullish on Bitcoin and especially on Ethereum and the whole DeFi landscape.
There was a lot of FUD last few weeks and most new crypto buyers are still on edge and on high alert. So we just need BTC to slowly lead the way up and we are ready to kickstart the golden bull run.
My crypto bags:
Big bags:
- Polkadot
- Balancer
- Curve
- Siacoin
Medium bags:
- Tezos
- Bitcoin Cash
- KeeperDao
- Zcash
Smaller bags:
- Bitcoin
- Ethereum
- Aave
- Kusama
- Chainlink
My big longs:
- Stellar Lumens
- Sushi
Meme bag:
-Samoyedcoin