Billionaire Investor Bill Miller Who Now Has 50% of His Personal Wealth in Bitcoin! Can Go to Zero? Highly improbable, but of course possible, you can always afford to lose 1%.
Yesterday, during the American trading session, Bitcoin updated local lows around $39,600. This correction was quickly redeemed, price returned above 40K, and has been trading in the 40600-42100 range for the last 12 hours. At the time of writing, Bitcoin is trading around 42,227.
Market capitalisation $1.94 Trillion,
BTC Dominance index 40.8%,
Fear Index 21.
The dollar index, which reached 96.180 at its peak yesterday, has declined to 95.8 at the time of writing.
The market is under pressure from the expected actions of the FED, which were announced on January 6 - a rate hike in March, a curtailment of stimulus and a reduction in the balance sheet. The market, which has been growing on stimulants for almost 2 years, was announced that the holiday was over. And not only will there be no new, but the old will be taken away. I would say that the drop is too small for such news. It seems that some market participants do not believe that the Fed will go for a reduction in the balance sheet and a collapse of the stock market. I also doubt that there will be some kind of strong and prolonged collapse.
Firstly, everyone is now waiting for it, and this is a consensus in the market, in such situations everything happens the other way around. Read that again.
Secondly, the political situation in the United States is such that the collapse of the markets, which attracted millions of private investors, as a result of the Fed's actions to tighten monetary policy, is highly undesirable.
Thirdly, a huge amount of money has been poured into the economy over the past two years, which especially has nowhere to go, except for investment assets.
Bitcoin went below 40K yesterday, but did not stay there for a long time. We knocked down our feet and quickly returned to the previous range. If price cannot confidently gain a foothold above 42K, fear will appear in the market and you will start seeing talks about Bitcoin at 20K and crypto winter. This is good.
Our biased view is that, In the short term, an unlikely return of Bitcoin to the 45K-52K range, but another hike towards 38K and even updating lower lows(36K by 1st week of Feb) is possible in the event of negative external factors, but it will not affect the medium-term prospects.
If and if the return of Bitcoin above 45K is sharp and fast, alts will dump and funds move to Bitcoin. By the way, when Bitcoin is consolidated below 40K, the altcoins drained (unlikely option now, but everything is possible in this market), this topic will also work since there will be an increase in Bitcoin's dominance.
Note that while Bitcoin was hovering around 40K, big players did not miss out on opportunities. From Binance, Bitfarms and here's another wealthy person Billionaire Bill Miller said that he now holds 50% of his savings in Bitcoin and altcoins. I bought the first Bitcoins at $200, the main part - about $30K.
I have been getting this question a lot: how much should I invest in Bitcoin?
Here are some wise words, despite his own heavily concentrated position, Miller’s advice for average investors is to put 1% of their net worth in bitcoin, reasoning that “if you put 1% of your portfolio in it for diversification, even if it goes to zero, which I think is highly improbable, but of course possible, you can always afford to lose 1%.” His main rationale for that advice is that bitcoin represents a unique investment. “I think the average investor should ask himself or herself, what do you have in your portfolio that has that kind of track record – number one, is very, very under-penetrated; can provide a service of insurance against financial catastrophe that no one else can provide and can go up 10 times or 50 times? The answer is: nothing.” Full Story @Coindesk
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Yesterday, during the American trading session, Bitcoin updated local lows around $39,600. This correction was quickly redeemed, price returned above 40K, and has been trading in the 40600-42100 range for the last 12 hours. At the time of writing, Bitcoin is trading around 42,227.
Market capitalisation $1.94 Trillion,
BTC Dominance index 40.8%,
Fear Index 21.
The dollar index, which reached 96.180 at its peak yesterday, has declined to 95.8 at the time of writing.
The market is under pressure from the expected actions of the FED, which were announced on January 6 - a rate hike in March, a curtailment of stimulus and a reduction in the balance sheet. The market, which has been growing on stimulants for almost 2 years, was announced that the holiday was over. And not only will there be no new, but the old will be taken away. I would say that the drop is too small for such news. It seems that some market participants do not believe that the Fed will go for a reduction in the balance sheet and a collapse of the stock market. I also doubt that there will be some kind of strong and prolonged collapse.
Firstly, everyone is now waiting for it, and this is a consensus in the market, in such situations everything happens the other way around. Read that again.
Secondly, the political situation in the United States is such that the collapse of the markets, which attracted millions of private investors, as a result of the Fed's actions to tighten monetary policy, is highly undesirable.
Thirdly, a huge amount of money has been poured into the economy over the past two years, which especially has nowhere to go, except for investment assets.
Bitcoin went below 40K yesterday, but did not stay there for a long time. We knocked down our feet and quickly returned to the previous range. If price cannot confidently gain a foothold above 42K, fear will appear in the market and you will start seeing talks about Bitcoin at 20K and crypto winter. This is good.
Our biased view is that, In the short term, an unlikely return of Bitcoin to the 45K-52K range, but another hike towards 38K and even updating lower lows(36K by 1st week of Feb) is possible in the event of negative external factors, but it will not affect the medium-term prospects.
If and if the return of Bitcoin above 45K is sharp and fast, alts will dump and funds move to Bitcoin. By the way, when Bitcoin is consolidated below 40K, the altcoins drained (unlikely option now, but everything is possible in this market), this topic will also work since there will be an increase in Bitcoin's dominance.
Note that while Bitcoin was hovering around 40K, big players did not miss out on opportunities. From Binance, Bitfarms and here's another wealthy person Billionaire Bill Miller said that he now holds 50% of his savings in Bitcoin and altcoins. I bought the first Bitcoins at $200, the main part - about $30K.
I have been getting this question a lot: how much should I invest in Bitcoin?
Here are some wise words, despite his own heavily concentrated position, Miller’s advice for average investors is to put 1% of their net worth in bitcoin, reasoning that “if you put 1% of your portfolio in it for diversification, even if it goes to zero, which I think is highly improbable, but of course possible, you can always afford to lose 1%.” His main rationale for that advice is that bitcoin represents a unique investment. “I think the average investor should ask himself or herself, what do you have in your portfolio that has that kind of track record – number one, is very, very under-penetrated; can provide a service of insurance against financial catastrophe that no one else can provide and can go up 10 times or 50 times? The answer is: nothing.” Full Story @Coindesk
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Fed Chair Says A US CBDC And Stablecoins Could Coexist.
During the day, Bitcoin was trading from $41,200 to $43,100. Two attempts to take 43K have so far failed, and at the time of writing this review, Bitcoin is trading at around 42,600.
Market capitalization $2.0 Trillion,
Btc Dominance index 40.2%,
Fear Index 22.
The dollar index 95.56.
The expected collapse of the market against the background of the rate hike and the reduction in the Fed's balance sheet, which is now being talked about from every quarter, has not happened. We had this biased view yesterday and do not expect growth, although some correction with subsequent stagnation still holds.
Markets are awaiting US inflation data for December today. In November, it was a record one (6.8%). If the December figures exceed 7%, it will weigh on the markets, as an early and tough Fed reaction is more likely.
Any negative news on the Cryptomarkets will lead to a return below 42K and another testing of the bottom. The main events will unfold this afternoon, at the American session.
I see a lot of predictions of a return above 45K, talk about empirical standards and retail traders. Some are even in long positions. For altcoins, be very careful - the Bitcoin dominance index is extremely low, and will grow both with a sharp rise or fall of BTC price.
We are getting a lot of questions about the collapse, horror and crypto bear market due to the Fed rate hike. Judging by the fear index, many market participants have such ideas. Will share more on this here.
Interestingly, Fed Chairman Powell said that CBDC (state script) and private #stablecoins may well exist in parallel; he does not see any threat in this. He appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter.
Addressing Inflation. The most widely discussed topic during the hearing was inflation, which has become the Fed’s top priority since reaching near 40-year highs in November. Powell said that with inflation well above target, the economy “no longer needs or wants the very highly accommodative policies that we’ve had in place.” The chairman continues to signal that the Fed will prioritize raising interest rates as soon as possible to combat the issue.
So let's await the opening of the American trading session this afternoon. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
During the day, Bitcoin was trading from $41,200 to $43,100. Two attempts to take 43K have so far failed, and at the time of writing this review, Bitcoin is trading at around 42,600.
Market capitalization $2.0 Trillion,
Btc Dominance index 40.2%,
Fear Index 22.
The dollar index 95.56.
The expected collapse of the market against the background of the rate hike and the reduction in the Fed's balance sheet, which is now being talked about from every quarter, has not happened. We had this biased view yesterday and do not expect growth, although some correction with subsequent stagnation still holds.
Markets are awaiting US inflation data for December today. In November, it was a record one (6.8%). If the December figures exceed 7%, it will weigh on the markets, as an early and tough Fed reaction is more likely.
Any negative news on the Cryptomarkets will lead to a return below 42K and another testing of the bottom. The main events will unfold this afternoon, at the American session.
I see a lot of predictions of a return above 45K, talk about empirical standards and retail traders. Some are even in long positions. For altcoins, be very careful - the Bitcoin dominance index is extremely low, and will grow both with a sharp rise or fall of BTC price.
We are getting a lot of questions about the collapse, horror and crypto bear market due to the Fed rate hike. Judging by the fear index, many market participants have such ideas. Will share more on this here.
Interestingly, Fed Chairman Powell said that CBDC (state script) and private #stablecoins may well exist in parallel; he does not see any threat in this. He appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter.
Addressing Inflation. The most widely discussed topic during the hearing was inflation, which has become the Fed’s top priority since reaching near 40-year highs in November. Powell said that with inflation well above target, the economy “no longer needs or wants the very highly accommodative policies that we’ve had in place.” The chairman continues to signal that the Fed will prioritize raising interest rates as soon as possible to combat the issue.
So let's await the opening of the American trading session this afternoon. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Most participants in the crypto market expect a rise in the value of crypto assets. The rationale for such a positive expectation is contrary to the background news that the Fed will raise rates. Resulting in the stock market fall and Bitcoin has a correlation with it.
Why is that?
First, things are not so simple with the Fed. There are a number of points that raise doubts that the Fed will act as quickly and tough as expected.
Secondly, even if monetary policy tightens, do not expect the market to react sharply.
Looking back on the market there was no correlation until 2017, and in December of 2019, against the background of the confrontation between the United States and China, it was generally negative - Bitcoin grew when the stock market fell.
Correlation of Bitcoin with US stock indices appeared in March 2020, when they fell together amid corona psychosis. It very likely that this correlation will break, for the following reasons:
The main topic on the market now is inflation, which is the reason for the expected actions of the Fed. At the same time, Bitcoin is the most anti-inflationary of all anti-inflationary assets. It is strange to believe that such an asset will fall in a situation of growing inflation.
Still on the subject - the IMF has warned developing countries about the risks of depreciation of their currencies. And this is logical - inflation in national currencies, for obvious reasons, will be stronger than the dollar. Many people will seek refuge from the depreciation of their savings in Bitcoin, or other assets.
Practice has shown that when there is strong inflation in certain countries (Turkey, Argentina, Zimbabwe), then there is such a demand for Bitcoin that it is traded there with a significant margin. If this situation occurs in many countries at once, guess three times what will happen to the Bitcoin rate?
The improvement in the quality of its audience, which happened in 2020, also speaks in favor of the sustainability of Bitcoin. Firstly, the big players got into the topic (at the time of this writing, it was not yet known about Elon Musk with Bitcoin worth 1.5 billion, or about MicroStrategy). They are not weak hands who sell falling assets out of fear. In such situations, they buy these assets. And Musk, if necessary, can direct the asset in the right direction).
Secondly, middle-class wealthy people (not Musk and Dorsey, but having a couple of million, people who opt for crypto with a clear goal - to save their assets from inflation (which did not yet exist due to reduced consumption, but there was no doubt that it would be), and make money on an anti-inflationary asset. It is already happening in 2020. Their expectations are justified - since that time, Bitcoin has grown 3.5 times more expensive. And they are unlikely to sell Bitcoin due to the fact that US indices fell by 10-15%. Therefore, I expect that this year the paths of Bitcoin and the stock market will begin to diverge.
Some information from the recent past.
In June 2017, the Fed announced plans to cut the balance sheet. In October 2017, it moved into action. Between July 2017 and December 2017, Bitcoin grew by almost 10 (ten) times.
I recommend not to fall under the influence of "destructive" analysts expecting crypto winter, or rally but to make independent decisions.
Our personal opinion,(Biased view, Subject to fail) nothing new, we still take the bearish side as long as btc below $55k/ $65K weekly. The current movement as we said since 21 Nov when Btc at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already for it) next level is /32K/28K!" Important dates for BTC !! 👀 let us watch the Bulls & Bears performance on these dates: 21 Jan, 3 Feb, 13 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Why is that?
First, things are not so simple with the Fed. There are a number of points that raise doubts that the Fed will act as quickly and tough as expected.
Secondly, even if monetary policy tightens, do not expect the market to react sharply.
Looking back on the market there was no correlation until 2017, and in December of 2019, against the background of the confrontation between the United States and China, it was generally negative - Bitcoin grew when the stock market fell.
Correlation of Bitcoin with US stock indices appeared in March 2020, when they fell together amid corona psychosis. It very likely that this correlation will break, for the following reasons:
The main topic on the market now is inflation, which is the reason for the expected actions of the Fed. At the same time, Bitcoin is the most anti-inflationary of all anti-inflationary assets. It is strange to believe that such an asset will fall in a situation of growing inflation.
Still on the subject - the IMF has warned developing countries about the risks of depreciation of their currencies. And this is logical - inflation in national currencies, for obvious reasons, will be stronger than the dollar. Many people will seek refuge from the depreciation of their savings in Bitcoin, or other assets.
Practice has shown that when there is strong inflation in certain countries (Turkey, Argentina, Zimbabwe), then there is such a demand for Bitcoin that it is traded there with a significant margin. If this situation occurs in many countries at once, guess three times what will happen to the Bitcoin rate?
The improvement in the quality of its audience, which happened in 2020, also speaks in favor of the sustainability of Bitcoin. Firstly, the big players got into the topic (at the time of this writing, it was not yet known about Elon Musk with Bitcoin worth 1.5 billion, or about MicroStrategy). They are not weak hands who sell falling assets out of fear. In such situations, they buy these assets. And Musk, if necessary, can direct the asset in the right direction).
Secondly, middle-class wealthy people (not Musk and Dorsey, but having a couple of million, people who opt for crypto with a clear goal - to save their assets from inflation (which did not yet exist due to reduced consumption, but there was no doubt that it would be), and make money on an anti-inflationary asset. It is already happening in 2020. Their expectations are justified - since that time, Bitcoin has grown 3.5 times more expensive. And they are unlikely to sell Bitcoin due to the fact that US indices fell by 10-15%. Therefore, I expect that this year the paths of Bitcoin and the stock market will begin to diverge.
Some information from the recent past.
In June 2017, the Fed announced plans to cut the balance sheet. In October 2017, it moved into action. Between July 2017 and December 2017, Bitcoin grew by almost 10 (ten) times.
I recommend not to fall under the influence of "destructive" analysts expecting crypto winter, or rally but to make independent decisions.
Our personal opinion,(Biased view, Subject to fail) nothing new, we still take the bearish side as long as btc below $55k/ $65K weekly. The current movement as we said since 21 Nov when Btc at $60K "we are looking for a breakdown in Q1 of 2022 to $40(breakdown has happened already for it) next level is /32K/28K!" Important dates for BTC !! 👀 let us watch the Bulls & Bears performance on these dates: 21 Jan, 3 Feb, 13 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc. This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Bill Seeks to Ban Fed From Issuing Digital Currency to Consumers.
Bitcoin moved in the range of $42,500- $44,300 during the day. Reaching a high of $44,300 last night.
Crypto Market capitalization $2.06 Trillion.
BTC Dominance Index 39.9%,
Fear Index 21.
Dollar index is still below 95.
Cryptocurrency market capitalization has returned above $2 Trillion, and the Bitcoin dominance index is below 40%, many altcoins have shown significant growth. The next target for Bitcoin is fixing above 45K. It can get there either with one sharp move or after a rollback - it depends on the external background.
Today, the growth picture may be spoiled by the external background, especially if the dollar index rises above 95. This will only postpone the hike above $45K for several days, but will not change the medium-term prospects of the main anti-inflationary asset.
In general, expect a decrease in the correlation between the price of Bitcoin and the stock market in 2022, we talked about it yesterday.
For altcoins, the risks are higher in the short term, as Bitcoin's dominance is likely to rise. To use this opportunity, a short on BNB has a good RR.
Interesting news from Iran, who has given the go-ahead for the use of cryptocurrency in settlements with foreign partners in the mining industry and trade.
Rep. Tom Emmer (R-MN) proposed a law on Wednesday that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Emmer's bill comes at a time when central banks across the world, including the Fed, are considering whether to introduce digital versions of their currency or—in the case of China—have done so already. Describing the bill, Emmer warns that a digital currency issued by the Fed could be a slippery slope in which consumers could one day be forced to register with the central bank to access money, which could in turn lead to mass surveillance of their financial activity. Emmer's concern is not purely hypothetical given that China's despotic government is already using the country's new digital yuan to monitor its citizens. Emmer says CBDCs pose a threat to privacy. Source @Decrypt
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Bitcoin moved in the range of $42,500- $44,300 during the day. Reaching a high of $44,300 last night.
Crypto Market capitalization $2.06 Trillion.
BTC Dominance Index 39.9%,
Fear Index 21.
Dollar index is still below 95.
Cryptocurrency market capitalization has returned above $2 Trillion, and the Bitcoin dominance index is below 40%, many altcoins have shown significant growth. The next target for Bitcoin is fixing above 45K. It can get there either with one sharp move or after a rollback - it depends on the external background.
Today, the growth picture may be spoiled by the external background, especially if the dollar index rises above 95. This will only postpone the hike above $45K for several days, but will not change the medium-term prospects of the main anti-inflationary asset.
In general, expect a decrease in the correlation between the price of Bitcoin and the stock market in 2022, we talked about it yesterday.
For altcoins, the risks are higher in the short term, as Bitcoin's dominance is likely to rise. To use this opportunity, a short on BNB has a good RR.
Interesting news from Iran, who has given the go-ahead for the use of cryptocurrency in settlements with foreign partners in the mining industry and trade.
Rep. Tom Emmer (R-MN) proposed a law on Wednesday that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Emmer's bill comes at a time when central banks across the world, including the Fed, are considering whether to introduce digital versions of their currency or—in the case of China—have done so already. Describing the bill, Emmer warns that a digital currency issued by the Fed could be a slippery slope in which consumers could one day be forced to register with the central bank to access money, which could in turn lead to mass surveillance of their financial activity. Emmer's concern is not purely hypothetical given that China's despotic government is already using the country's new digital yuan to monitor its citizens. Emmer says CBDCs pose a threat to privacy. Source @Decrypt
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
India to launch first Bitcoin ETF.
Thoughts on the market on 14.01.2022
The fear of the Fed's actions were greatly exaggerated. Today, the market driver (or its brake) will be the reports of large US banks.
Bitcoin’s growth is highly affected or rather spoiled by the external background. Market capitalization has held above $ 2 Trillion, and Bitcoin's dominance index has dropped below 40% again. Despite the high level of fear in the market, money is in no hurry to leave altcoins.
Bitcoin moved in the range of $44,400- $42,400 during the day. After updating the local high just above $44,400 last night, it moved to a decline. Bitcoin is currently trading at around $42,500.
Total Crypto Market capitalization $2.029 Trillion.
BTC Dominance index 39.7%,
Fear Index 21.
The dollar Index remains below 95 and shows a slight decline, which is good for the markets.
What's next?
In the medium term, Bitcoin going sideways details here.(https://t.me/decryptedge/952)
Last time BTC was rejected near $45k resistance from $44k level. So bulls fail to break out of this resistance this will give bears a good chance to pullback BTC below $40k as we mentioned in our bias view.
Consolidation at 42500-44100 is most likely today, with possible renewal of a lower highs. An alternative option, which is likely with an unfavorable external background, is going below 42K into the familiar range of 42,000-40,000. The first option is a priority.
Leaving for the weekend with Bitcoin above 42800-43100 is a good rise in altcoins. In general, there is a high risk in altcoins.
Let's look back, since 2018, there has been talk of an imminent ban on cryptocurrency in India. There were really just attempts, there was no ban. Instead, the Indian stock exchange is about to launch ETFs for Bitcoin and Ether. The ability to admit one's mistakes and delusions and correct them is an important quality not only for a person, but also for a government. Created by Cosmea Financial Holdings and Kling Trading India on a parity basis, Torus Kling Blockchain and the International Stock Exchange of India have signed a letter of intent to launch an ETF based on Bitcoin and Ethereum futures. Compliant products are being marketed as part of the India Financial Services Authority sandbox. If approved by regulators, they will be launched by the end of the first quarter. Under the agreement, Torus Kling Blockchain will become a liquidity provider by providing an order routing system. The Torus distribution team and partners will handle the distribution of the ETF. The firm intends to raise $ 1 billion in the instrument within the first two years of operation.
Food for thought: Cryptocurrencies are legal in Switzerland, Japan and Singapore, but banned in Syria, Egypt, Kyrgyzstan. Compare these countries in terms of status and attractiveness for life. So choose who to follow and listen to as you take this crypto ride.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Thoughts on the market on 14.01.2022
The fear of the Fed's actions were greatly exaggerated. Today, the market driver (or its brake) will be the reports of large US banks.
Bitcoin’s growth is highly affected or rather spoiled by the external background. Market capitalization has held above $ 2 Trillion, and Bitcoin's dominance index has dropped below 40% again. Despite the high level of fear in the market, money is in no hurry to leave altcoins.
Bitcoin moved in the range of $44,400- $42,400 during the day. After updating the local high just above $44,400 last night, it moved to a decline. Bitcoin is currently trading at around $42,500.
Total Crypto Market capitalization $2.029 Trillion.
BTC Dominance index 39.7%,
Fear Index 21.
The dollar Index remains below 95 and shows a slight decline, which is good for the markets.
What's next?
In the medium term, Bitcoin going sideways details here.(https://t.me/decryptedge/952)
Last time BTC was rejected near $45k resistance from $44k level. So bulls fail to break out of this resistance this will give bears a good chance to pullback BTC below $40k as we mentioned in our bias view.
Consolidation at 42500-44100 is most likely today, with possible renewal of a lower highs. An alternative option, which is likely with an unfavorable external background, is going below 42K into the familiar range of 42,000-40,000. The first option is a priority.
Leaving for the weekend with Bitcoin above 42800-43100 is a good rise in altcoins. In general, there is a high risk in altcoins.
Let's look back, since 2018, there has been talk of an imminent ban on cryptocurrency in India. There were really just attempts, there was no ban. Instead, the Indian stock exchange is about to launch ETFs for Bitcoin and Ether. The ability to admit one's mistakes and delusions and correct them is an important quality not only for a person, but also for a government. Created by Cosmea Financial Holdings and Kling Trading India on a parity basis, Torus Kling Blockchain and the International Stock Exchange of India have signed a letter of intent to launch an ETF based on Bitcoin and Ethereum futures. Compliant products are being marketed as part of the India Financial Services Authority sandbox. If approved by regulators, they will be launched by the end of the first quarter. Under the agreement, Torus Kling Blockchain will become a liquidity provider by providing an order routing system. The Torus distribution team and partners will handle the distribution of the ETF. The firm intends to raise $ 1 billion in the instrument within the first two years of operation.
Food for thought: Cryptocurrencies are legal in Switzerland, Japan and Singapore, but banned in Syria, Egypt, Kyrgyzstan. Compare these countries in terms of status and attractiveness for life. So choose who to follow and listen to as you take this crypto ride.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
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Most participants in the crypto market expect a rise in the value of crypto assets. The rationale for such a positive expectation is contrary to the background news that the Fed will raise rates. Resulting in the stock market fall and Bitcoin has a correlation…
Crypto Exchange FTX Sets Up $2 Billion Venture Fund. Thoughts on the Cryptomarket on 15.01.2022
On the crypto market as a whole, yesterday's outlook worked out. Leaving below $42,500 for several hours ended with a return to the range, and Bitcoin did not rise above $43,300. Bitcoin trading volumes have decreased, the range has narrowed, movements are taking place in altcoins.
It is quite possible that there will be attempts to break out of the 41600-44100 range on the thin weekend market but more action will take place at the opening of the wall street markets on Monday.
Altcoins will rise over the weekend with Bitcoin remaining calm (in case it stays above $42,800), they will bleed more if there are corrections below 42K.
Market capitalization $2.05 Trillion.
BTC dominance index 39.6%.
Fear index 23.
The dollar index returned above 95 and closed higher.
Elon Musk continues experimenting with Dogecoin. Now he has announced the ability to buy children's ATVs in the Tesla store. On this news, Dogecoin rose a little more than 10%, but soon almost returned to its original value. You can clearly see what the consensus is - everyone has bought and is waiting for growth. The situation with Doge, this is not the end. Either Musk will see it through to the end, or he will simply grow with the rest of the alts.
At one time, Musk was fined by the SEC for similar movements with Tesla shares. Now he has appreciated the possibilities of the crypto market. However, this is good both for the market and for Musk personally. In Germany, the interior minister wants to block Telegram.
The FTX exchange enters stock trading and also opens a fund for investments in crypto-startups, for $2 Billion.
According to a survey conducted by the Huobi exchange, 70% of US citizens who entered crypto did so in 2021. Obviously, this is a reaction to record inflation. It's only the beginning).
According to Grayscale Research, 26% of US citizens own Bitcoin. A year ago it was less than 10%. Lastly, the mayor of Rio de Janeiro is going to invest 1% of the city treasury in Bitcoin. Image Courtesy: @WSJ
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
On the crypto market as a whole, yesterday's outlook worked out. Leaving below $42,500 for several hours ended with a return to the range, and Bitcoin did not rise above $43,300. Bitcoin trading volumes have decreased, the range has narrowed, movements are taking place in altcoins.
It is quite possible that there will be attempts to break out of the 41600-44100 range on the thin weekend market but more action will take place at the opening of the wall street markets on Monday.
Altcoins will rise over the weekend with Bitcoin remaining calm (in case it stays above $42,800), they will bleed more if there are corrections below 42K.
Market capitalization $2.05 Trillion.
BTC dominance index 39.6%.
Fear index 23.
The dollar index returned above 95 and closed higher.
Elon Musk continues experimenting with Dogecoin. Now he has announced the ability to buy children's ATVs in the Tesla store. On this news, Dogecoin rose a little more than 10%, but soon almost returned to its original value. You can clearly see what the consensus is - everyone has bought and is waiting for growth. The situation with Doge, this is not the end. Either Musk will see it through to the end, or he will simply grow with the rest of the alts.
At one time, Musk was fined by the SEC for similar movements with Tesla shares. Now he has appreciated the possibilities of the crypto market. However, this is good both for the market and for Musk personally. In Germany, the interior minister wants to block Telegram.
The FTX exchange enters stock trading and also opens a fund for investments in crypto-startups, for $2 Billion.
According to a survey conducted by the Huobi exchange, 70% of US citizens who entered crypto did so in 2021. Obviously, this is a reaction to record inflation. It's only the beginning).
According to Grayscale Research, 26% of US citizens own Bitcoin. A year ago it was less than 10%. Lastly, the mayor of Rio de Janeiro is going to invest 1% of the city treasury in Bitcoin. Image Courtesy: @WSJ
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Walmart Filings Reveal Plans to Create Cryptocurrency, NFTs
Thoughts on the market on 17.01.2022
Bitcoin spent the weekend in the 42555-43800 range. This morning it fell to lows of 42300, and at the time of writing its trading around at $42,800.
Market capitalisation: $2.05 Trillion.
Dominance Index: 39.5%
Fear/Greed Index: 22%
The dollar index also continued its growth and is now at around 95.20.
Nothing significant happened on the crypto market over the weekend, bitcoin still oscillated in a narrow range of 42500-43500, although on Saturday evening it went above 43800, but did not stay there for a long time. Market capitalisation continues to hold above $2 Trillion, the dominance index is below 40%.
The plan for this week remains the same, nothing new, we still take the bearish side as long as BTC is below $55k $65K weekly. The herd is looking at bitcoin exiting the range and fixing above 45K contrary to our view. This is crypto so anything is possible.
Walmart has filed paperwork with US regulators to launch its own cryptocurrency, #NFT, and #metaverse. Remember how last year there was already news about Walmart using #Litecoin for payments. The retail giant filed for several trademarks on December 30th, suggesting plans to start selling virtual goods, including electronics, toys, appliances, sporting equipment, apparel, home decor, and more, as noted by #CNBC. There’s mention of offering customers a digital currency, as well as the opportunity to buy and sell NFTs.
“Walmart is continuously exploring how emerging technologies may shape future shopping experiences,” Walmart spokesperson Carrie McKnight. “We don’t have anything further to share today, but it’s worth noting we routinely file trademark applications as part of the innovation process.”
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Thoughts on the market on 17.01.2022
Bitcoin spent the weekend in the 42555-43800 range. This morning it fell to lows of 42300, and at the time of writing its trading around at $42,800.
Market capitalisation: $2.05 Trillion.
Dominance Index: 39.5%
Fear/Greed Index: 22%
The dollar index also continued its growth and is now at around 95.20.
Nothing significant happened on the crypto market over the weekend, bitcoin still oscillated in a narrow range of 42500-43500, although on Saturday evening it went above 43800, but did not stay there for a long time. Market capitalisation continues to hold above $2 Trillion, the dominance index is below 40%.
The plan for this week remains the same, nothing new, we still take the bearish side as long as BTC is below $55k $65K weekly. The herd is looking at bitcoin exiting the range and fixing above 45K contrary to our view. This is crypto so anything is possible.
Walmart has filed paperwork with US regulators to launch its own cryptocurrency, #NFT, and #metaverse. Remember how last year there was already news about Walmart using #Litecoin for payments. The retail giant filed for several trademarks on December 30th, suggesting plans to start selling virtual goods, including electronics, toys, appliances, sporting equipment, apparel, home decor, and more, as noted by #CNBC. There’s mention of offering customers a digital currency, as well as the opportunity to buy and sell NFTs.
“Walmart is continuously exploring how emerging technologies may shape future shopping experiences,” Walmart spokesperson Carrie McKnight. “We don’t have anything further to share today, but it’s worth noting we routinely file trademark applications as part of the innovation process.”
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Tesla Big Announcement to Accept #Dogecoin for brand merchandise Fails To Stir the Market. What does it Mean?
Bitcoin moved in the range of 43260-41560 during the day. After an unsuccessful attempt to gain a foothold above 43K, price declined to 41560.
Total Crypto Market capitalization $2.018 Trillion,
BTC Dominance index 39.6%,
Fear index 24.
The dollar index is above 95.4, and the growth occurred in the last hour, this is an alarming signal for the markets.
Today the US market is expected to report Bank of America, Goldman Sachs and Bank of NY Mellon. And the main topic of the US market continues to be the actions of the Fed to combat rising inflation. Will the Fed crash the stock market with its actions?
On the crypto market, we see the decline of bitcoin below 42K ended with purchases and returns to 42200-42300. Bitcoin has been in the range of 40600-44000 for almost 2 weeks.
The biggest fear in the crypto market right now is the expectation that the Fed will crash the stock market by tightening monetary policy, and Bitcoin will follow. Will post an update here.
Analysts at Fidelity Digital Assets - one of the largest asset management companies in the world - said they expect governments to buy Bitcoin. To whose interest are they serving?
Lastly do not forget about the consensus in the market and what it usually leads to.
Just to give you a feel on crypto market sentiments, 3 days ago, Tesla, the electric carmaker headed by billionaire Elon Musk, announced that it started to allow people to buy brand merchandise using Dogecoin. Announcing the development on Twitter on Friday, a month after hinting of the plans. The news sent the value of Dogecoin soaring, though it fell back later.
Looking back on previous comments by Musk, it would have caused a frenzy that frequently moved the prices of digital currencies up, including Dogecoin and Bitcoin. This time DOGE moved not more than 14%. The market is worn out and needs a reset. An imminent move to weekly 200MA located at 35k is incoming with such a background.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Bitcoin moved in the range of 43260-41560 during the day. After an unsuccessful attempt to gain a foothold above 43K, price declined to 41560.
Total Crypto Market capitalization $2.018 Trillion,
BTC Dominance index 39.6%,
Fear index 24.
The dollar index is above 95.4, and the growth occurred in the last hour, this is an alarming signal for the markets.
Today the US market is expected to report Bank of America, Goldman Sachs and Bank of NY Mellon. And the main topic of the US market continues to be the actions of the Fed to combat rising inflation. Will the Fed crash the stock market with its actions?
On the crypto market, we see the decline of bitcoin below 42K ended with purchases and returns to 42200-42300. Bitcoin has been in the range of 40600-44000 for almost 2 weeks.
The biggest fear in the crypto market right now is the expectation that the Fed will crash the stock market by tightening monetary policy, and Bitcoin will follow. Will post an update here.
Analysts at Fidelity Digital Assets - one of the largest asset management companies in the world - said they expect governments to buy Bitcoin. To whose interest are they serving?
Lastly do not forget about the consensus in the market and what it usually leads to.
Just to give you a feel on crypto market sentiments, 3 days ago, Tesla, the electric carmaker headed by billionaire Elon Musk, announced that it started to allow people to buy brand merchandise using Dogecoin. Announcing the development on Twitter on Friday, a month after hinting of the plans. The news sent the value of Dogecoin soaring, though it fell back later.
Looking back on previous comments by Musk, it would have caused a frenzy that frequently moved the prices of digital currencies up, including Dogecoin and Bitcoin. This time DOGE moved not more than 14%. The market is worn out and needs a reset. An imminent move to weekly 200MA located at 35k is incoming with such a background.
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Crypto.com Suffers Hack for At Least $15M in #Ethereum! Intel Getting to Bitcoin Mining? Thoughts on the market on 19.01.2022.
Nothing much has changed bitcoin moving in the 40600-44000 range and most likely it will remain in it, probably go to the upper or lower boundary of the range, depending on the external background. The external background was quite bad.
US markets are falling amid expectations of a rate hike by the Fed to combat rising inflation. There is practically no doubt that this will be done in March. Fear in the market is what will happen next - a rate increase of 6-7 times in a row plus a reduction in the balance sheet.The correlation with the stock market is a temporary phenomenon. Why? Will share on this later in the week.
Against such an external background, Bitcoin went exactly to the lower boundary of the range yesterday. During the day, it went below $42,800- $42,500, and reached $41,150. But around 41200, purchases began, and bounced off this level twice. Now Bitcoin is again below above $42,000
Market capitalization $1.960 Trillion.
BTC Dominance index $40.2%,
Fear index 24.
The most likely option for today is that Bitcoin remains above 40K, with a subsequent return above 42800. An alternative option is a correction to $37,500- $38000 as we mentioned yesterday.
Crypto.com, one of the worlds’ largest cryptocurrency exchanges has reportedly suffered a hack, with at least $15 million worth of Ethereum stolen. The hack is the latest in a series of security branches that have affected crypto currency exchanges and it further damages confidence in the nascent cryptocurrency sphere. The issues came to light when users began reporting that their funds were missing, even those with two factor authorization enabled. Crypto.com tweeted that it was pausing withdrawals after it received complaints from users.
These issues led PeckShield, a blockchain security firm to look at the blockchain data. It discovered that at least 4600 Eth is being laundered through Tornado Cash, which is an Ethereum privacy protocol that breaks the link between source and destination addresses.
Not your private keys, not your coins.
Lastly, Chip manufacturing giant Intel is getting into the #Bitcoin mining game. They plan on developing a Bitcoin miner that is ultra-low-voltage & highly energy-efficient. Probably nothing. Source @Danheld
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Nothing much has changed bitcoin moving in the 40600-44000 range and most likely it will remain in it, probably go to the upper or lower boundary of the range, depending on the external background. The external background was quite bad.
US markets are falling amid expectations of a rate hike by the Fed to combat rising inflation. There is practically no doubt that this will be done in March. Fear in the market is what will happen next - a rate increase of 6-7 times in a row plus a reduction in the balance sheet.The correlation with the stock market is a temporary phenomenon. Why? Will share on this later in the week.
Against such an external background, Bitcoin went exactly to the lower boundary of the range yesterday. During the day, it went below $42,800- $42,500, and reached $41,150. But around 41200, purchases began, and bounced off this level twice. Now Bitcoin is again below above $42,000
Market capitalization $1.960 Trillion.
BTC Dominance index $40.2%,
Fear index 24.
The most likely option for today is that Bitcoin remains above 40K, with a subsequent return above 42800. An alternative option is a correction to $37,500- $38000 as we mentioned yesterday.
Crypto.com, one of the worlds’ largest cryptocurrency exchanges has reportedly suffered a hack, with at least $15 million worth of Ethereum stolen. The hack is the latest in a series of security branches that have affected crypto currency exchanges and it further damages confidence in the nascent cryptocurrency sphere. The issues came to light when users began reporting that their funds were missing, even those with two factor authorization enabled. Crypto.com tweeted that it was pausing withdrawals after it received complaints from users.
These issues led PeckShield, a blockchain security firm to look at the blockchain data. It discovered that at least 4600 Eth is being laundered through Tornado Cash, which is an Ethereum privacy protocol that breaks the link between source and destination addresses.
Not your private keys, not your coins.
Lastly, Chip manufacturing giant Intel is getting into the #Bitcoin mining game. They plan on developing a Bitcoin miner that is ultra-low-voltage & highly energy-efficient. Probably nothing. Source @Danheld
This is not traditional investment advice, and ought not to be considered as financial recommendation. Must always do your own research. #decryptedge
Google Pay May add Crypto Cards to Attract its 'Next Billion Users' Thoughts on the market on 20.1.2022
US Stock markets fell again yesterday, volatility index is at its highs, the general situation is quite gloomy.
The reasons are the same - the markets are waiting for the Fed's reaction to inflation. Until the scale of this reaction is understood, the situation will not change.
The crypto market is still at an impasse - everyone who bought Bitcoin at 40-42K has already done it, because the asset within 2 weeks gave those who wished for such an opportunity. Those who want to sell Bitcoin in this range also end. In order to snatch Bitcoin out of weak hands, a strait towards 37500-38000 is needed. We have our targets at 35K(https://t.me/decryptedge/962). The prospects for Bitcoin are obvious, and in the medium term they are not particularly dependent on the stock market.
Capitalization of the crypto market $1.977 Trillion.
Dominance index 40.1%,
Fear index 24.
The dollar index is above 95.5.
Should I buy Bitcoin now or wait for $38K?
Well that depends on why you got involved in the 1st place. Are you able to stomach and hold incase of a potential -80% downside. Everyone knows about traditional assets for a long time, talk of Gold, Stocks, Realestate, they are at peace with that. Very few people know about the possibilities of Bitcoin. Everyone has heard, but very few understand that it's disrupting the Financial Services and money industry.
Australian, Singaporean and Italian regulators warn that crypto is dangerous. Although it's actually dangerous, what will happen if the leading countries of the world ban Bitcoin? Read here. https://t.me/decryptedge/226
Lastly, Crypto will soon be in Google Pay. After abandoning its Plex banking plans with Google Pay, Google is hiring new executives and pushing a new strategy to compete with Apple Pay. Google Pay will become a "comprehensive digital wallet" that focuses more on non-payment uses like vaccine passports. Google has partnered with crypto companies and platforms, such as BitPay and Coinbase to store the digital assets in the cards of Google Pay. This is to incorporate currencies into its digital services, but doesn't accept crypto payments yet. We shall follow this closely. Source : Android Central
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #google #money #research #payments
US Stock markets fell again yesterday, volatility index is at its highs, the general situation is quite gloomy.
The reasons are the same - the markets are waiting for the Fed's reaction to inflation. Until the scale of this reaction is understood, the situation will not change.
The crypto market is still at an impasse - everyone who bought Bitcoin at 40-42K has already done it, because the asset within 2 weeks gave those who wished for such an opportunity. Those who want to sell Bitcoin in this range also end. In order to snatch Bitcoin out of weak hands, a strait towards 37500-38000 is needed. We have our targets at 35K(https://t.me/decryptedge/962). The prospects for Bitcoin are obvious, and in the medium term they are not particularly dependent on the stock market.
Capitalization of the crypto market $1.977 Trillion.
Dominance index 40.1%,
Fear index 24.
The dollar index is above 95.5.
Should I buy Bitcoin now or wait for $38K?
Well that depends on why you got involved in the 1st place. Are you able to stomach and hold incase of a potential -80% downside. Everyone knows about traditional assets for a long time, talk of Gold, Stocks, Realestate, they are at peace with that. Very few people know about the possibilities of Bitcoin. Everyone has heard, but very few understand that it's disrupting the Financial Services and money industry.
Australian, Singaporean and Italian regulators warn that crypto is dangerous. Although it's actually dangerous, what will happen if the leading countries of the world ban Bitcoin? Read here. https://t.me/decryptedge/226
Lastly, Crypto will soon be in Google Pay. After abandoning its Plex banking plans with Google Pay, Google is hiring new executives and pushing a new strategy to compete with Apple Pay. Google Pay will become a "comprehensive digital wallet" that focuses more on non-payment uses like vaccine passports. Google has partnered with crypto companies and platforms, such as BitPay and Coinbase to store the digital assets in the cards of Google Pay. This is to incorporate currencies into its digital services, but doesn't accept crypto payments yet. We shall follow this closely. Source : Android Central
This is not traditional investment advice, and ought not to be considered as a financial recommendation. Must always do your own research. #decryptedge #bitcoin #google #money #research #payments
‘Financial pyramid’: Russia’s Central Bank Pushes for Crypto Ban.
Thoughts on the market on 21.01. 2022
After the fake out pump of Bitcoin price to $43,500, it took a correction and the January 10th low has been updated to now $38,800. At the time of writing, Bitcoin is worth $39,900.
Market capitalisation $1.88 Trillion.
BTC Dominance index 40.4%,
Fear index 19.
Stock markets continued to fall too to the levels registered October, 2021. The reasons are the same - inflation at highs and the expected reaction of the Fed, as well as growing geopolitical risks. The Fed meeting, where a decision on the rate will be made and further plans announced, will be held on 26.01.2022. Until then, the statements of officials on the topic of further actions by the Fed can change the mood of the markets.
In the cryptomarket, there is fear and panic. Weak hands will give away their bitcoin cheaply and strong hands will pick it up or rather smart money is exiting the market.
What to do?
When there is fear and panic in the market, it's time to re-adjust, re-align or hold on to your crypto goals. If you buy more or exit to buy in later, it's all up to your strategy. Let's remember March 2020. Those who then had the courage to make the right decision were rewarded at their true worth.
Russia’s central bank has proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.
In a report published yesterday, Russia's central bank said speculative demand primarily determined cryptocurrencies’ rapid growth and that they carried characteristics of a financial pyramid, warning of potential bubbles in the market, threatening financial stability and citizens.
It is clear that such a justification does not stand up to scrutiny. For illegal activities, fiat is used much more often, and what I think about “protecting investors from risks”
Cryptocurrencies are legal in Switzerland, Japan and Singapore, and banned in Syria, Egypt, Kyrgyzstan. Where such an initiative of the Central Bank leads Russia, I think, is clear to everyone. Here's what market participants think about it.
So in closing, our personal opinion, biased view, subject to fail: Nothing new, we still take the bearish side as long as btc below $55K/ $65K weekly, and about the current movement as we said since 22 Nov when BTC was at $60K (https://t.me/decryptedge/860) "we looking for a breakdown in Q1 of 2022 to $40(breakdown already happened) next level is 35/32K/28K!"
Important dates for BTC: let us watch the Bulls & Bears performance on these dates: 21 Jan (Bears have successfully broken $40K after 13 Days of holding above it) https://t.me/decryptedge/952. Next dates are 27 Jan, 3 Feb and 13 Feb. These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends.
Our view might be right or wrong , so be sure to do your own research. Remember this is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy: Theage.
Thoughts on the market on 21.01. 2022
After the fake out pump of Bitcoin price to $43,500, it took a correction and the January 10th low has been updated to now $38,800. At the time of writing, Bitcoin is worth $39,900.
Market capitalisation $1.88 Trillion.
BTC Dominance index 40.4%,
Fear index 19.
Stock markets continued to fall too to the levels registered October, 2021. The reasons are the same - inflation at highs and the expected reaction of the Fed, as well as growing geopolitical risks. The Fed meeting, where a decision on the rate will be made and further plans announced, will be held on 26.01.2022. Until then, the statements of officials on the topic of further actions by the Fed can change the mood of the markets.
In the cryptomarket, there is fear and panic. Weak hands will give away their bitcoin cheaply and strong hands will pick it up or rather smart money is exiting the market.
What to do?
When there is fear and panic in the market, it's time to re-adjust, re-align or hold on to your crypto goals. If you buy more or exit to buy in later, it's all up to your strategy. Let's remember March 2020. Those who then had the courage to make the right decision were rewarded at their true worth.
Russia’s central bank has proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.
In a report published yesterday, Russia's central bank said speculative demand primarily determined cryptocurrencies’ rapid growth and that they carried characteristics of a financial pyramid, warning of potential bubbles in the market, threatening financial stability and citizens.
It is clear that such a justification does not stand up to scrutiny. For illegal activities, fiat is used much more often, and what I think about “protecting investors from risks”
Cryptocurrencies are legal in Switzerland, Japan and Singapore, and banned in Syria, Egypt, Kyrgyzstan. Where such an initiative of the Central Bank leads Russia, I think, is clear to everyone. Here's what market participants think about it.
So in closing, our personal opinion, biased view, subject to fail: Nothing new, we still take the bearish side as long as btc below $55K/ $65K weekly, and about the current movement as we said since 22 Nov when BTC was at $60K (https://t.me/decryptedge/860) "we looking for a breakdown in Q1 of 2022 to $40(breakdown already happened) next level is 35/32K/28K!"
Important dates for BTC: let us watch the Bulls & Bears performance on these dates: 21 Jan (Bears have successfully broken $40K after 13 Days of holding above it) https://t.me/decryptedge/952. Next dates are 27 Jan, 3 Feb and 13 Feb. These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends.
Our view might be right or wrong , so be sure to do your own research. Remember this is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge. Images Courtesy: Theage.
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#ElSalvador to Issue $1 Billion #Bitcoin Bond to Fund '#BitcoinCity' Thoughts on the market 22.11. 2021
Over the weekend, #bitcoin continued its short recovery to 59,700, on Sunday it managed to reach 60029 (Binance). Thereafter it took a down correction…
Over the weekend, #bitcoin continued its short recovery to 59,700, on Sunday it managed to reach 60029 (Binance). Thereafter it took a down correction…