#Bitcoin is heating up, just breached up the main downtrend resistance. Time to play... ⚡️
📍 What will be the $BTC price by the end of this week?
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Circle's USDC scheme is on the brink of collapse. If you read their SPAC IPO filings its clear they have been losing money constantly but theres something dirtier happening underneath. They're at major risk on defaulting on USDC reserves. A deep dive 🧵 on USDC. 👇
The number of bitcoin wallet addresses with at least $300 of bitcoin has hit an all-time high of more than 10 million wallets.
Individuals continue to stack sats aggressively.
*SEC ALLEGES INADEQUATE DISCLOSURES ON CRYPTOMINING IMPACT
*SEC SETTLED CHARGES AGAINST TECHNOLOGY CO. NVIDIA
*NVIDIA AGREED TO PAY A $5.5 MILLION PENALTY
*NVIDIA AGREED TO A CEASE-AND-DESIST ORDER
After a failed underside rejection (confluence with STH realized price) the 180EHMA has turned red for just the 4th time in Bitcoin's history.
For HTF momentum/trend participants, not a time of interest.
NFP follow on:
1) February & March both revised down.
2) Unemployment rate did not fall as expected.
3) Labor Force Participation Rate fell.
4) Hours Worked fell.
5) Average Hourly Earnings came in softer than expected.
These are all signposts of a market that’s inflecting
95% will lose 95% of your Portfolio in the first cycle by holding onto stupid coins.
Then you'll try to make yourself feel better by reading stupid influencers who write Bullish tweets with made up data. Willy Woo, Plan B, Mayer Multiple.
Learn to form a target. Learn to trade.