Taming crypto
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BTC slowly but steady weakens its support around 30K. If it properly broken the next stop can be 20K. I think relatively market neutral strategy can be going long ETH and shorting BTC. More about it on my YouTube channel soon
πŸ‘2
One picture - one thousand words. It is very clear - people are moving from anything that might go UST way. At the moment the only viable options are USDC and BUSD
πŸ‘2
compare these 2 charts
πŸ‘1
I think Nasdaq performance is a huge factor for BTC and ETH price action...
πŸ‘3
crypto market is keep going down. I think the interesting strategy to identify few coins that most likely will not survive this crypto winter and go short them and long ETH or BTC
πŸ‘1
BTC and ETH slowly but surely coming to very attractive levels. What makes them attractive? Cost of mining! Think about buying gold cheaper than it costs to produce it
πŸ‘1
I think ETH upgrade is one of the major events to come. I have created a playlist of the videos on my channel that covers all relevant information. https://www.youtube.com/playlist?list=PL82ziiDDjwYak1IYVKDE-gHLzYF0xNQ8u
πŸ‘2
There is a significant down move in cryptomarket now. I believe we are going to see the whole crypto market value going below 1 trillion dollars. Sounds like a big number but it is not. Most of the alt coins will not survive this crypto winter. However, the buying opportunities are amazing and once the market will turn - there is a good chance that we will not see these levels ever again
we are now just 983BLN total market cap 😞
Fed hiked benchmark rate by 0.75% - biggest increase since 1994. Crypto market reaction - a relief rally! Cryptos have been beaten to death. Are we at the bottom - maybe not. Are very close - for sure! Can we stay here for some time - yes. Where are we going to be in the next 12-24 months? If the history of any guidance then BTC - 100K, ETH - 10K. Let's not miss it
πŸ‘1
everyone talks about inflation - but what it really looks like
I see two school of thoughts forming. The first one based on technical analysis sees BTC and ETH either reaching bottom or getting very close to it. The "macro" guys see other financial markets well above lows and see them dragging crypto markets down with them. My view remains the same - it is ideal time to accumulate both BTC and ETH even if they theoretically can go lower. With the benefit of hindsight majority of the people will feel sorry that they have missed opportunity buying at the current levels
I have opened yesterday and closed today short trade on ETH. Thanks to leverage made 30% return in one day. You can benefit from short positions in a short term but please beware - we can be close to the bottom of the market.