I have made some good calls on the market recently.
This has led to an over-inflated ego.
My streak will come to an end at some point soon, as the market humbles us all.
After Ethereum puts in new all time highs, we will likely witness a massive rotation back into Bitcoin.
However, the rotation back to BTC will likely be initiated by a BTC correction in September and will continue on a BTC rally in October.
$NGCV - Stock setup looks really good going into earnings tomorrow. Second entry either comes with good earnings and a trendline break, or a breakout and re-test. Those minimizing risk might wait to bid post earnings.
$ETH - Blue line holding nicely. Makes it look more likely that was indeed just a fakeout. Not out of the woods yet but all signs point to higher. Especially if I've taken some profits.
If you have $1,000 and find a 2x trade you'll have $2,000. Do that 9 more times in a row and you'll have a million. I know 100x's and 1,000x's are sexy but compounding consistent gains is an incredible and realistic path to financial success. You might even find a 100x doing this
Historically there's never really a bad time to buy Bitcoin if you hold long term.
And if you want to buy more historically there are always nice dips that give great entries.
Just because things suddenly are euphoric doesn't mean suddenly it's bearish again.
OBV chart.
When majority of traders are wealthy the market is close to a top. When majority are broke it's near a bottom. It's pretty obvious where majority are at in the Crypto cycle.