$MSFT - 1W - trading idea
The shares may return to the 385 USD support level
A head and shoulders pattern appears to be forming on the Microsoft Corporation stock chart.
🧵👇🏼
🚨 Alerte aux utilisateurs de @swissborg ! 🚨
Concernant le projet @ballmanproject, promu par SwissBorg. Des milliers de personnes, moi inclus, ont investi dans des NFT pour jouer à ce jeu.
The #Bitcoin ETF is closer than we think & the bull market too.
Sometimes the markets feel heavily 'manipulated'. Sometimes the markets are heavily skewed towards sentiment and that sentiment can switch easily.
Will the news of today on Grayscale push the markets in a bull? 👇
Today we've seen the big price move of #Bitcoin going back towards $28,000 as multiple news events took place.
A summary:
- Grayscale wins a Court case against the SEC through which they can adjust their GBTC product towards an ETF.
- X applies for Regulated license to accept crypto payments on the platform.
- DCG (the mother company of Grayscale) gets into a deal with creditors.
- Binance is back in Belgium.
Loads of uncertainties were gone in the markets, as Binance and DCG were surrounded by fear. Loads of hype and momentum back in the markets as the expectations for an ETF are increasing massively with this news.
Does that mean that we'll get an ETF this week? I personally don't think so, that would be fast, but in 2023? Yes, that's very likely.
It's even more likely that we'll be seeing an Ethereum ETF futures being confirmed in a maximum of a month from now.
What to expect from the markets? Substantial chances that the low are in, as the markets are still holding above the 200-Week EMA.
Bitcoin dominance bounces upwards as the interest is currently massively skewed towards Bitcoin and not towards altcoins.
That's standard.
The approach:
1 - Bitcoin moves first in a volatile way.
2 - Bitcoin corrects slightly / stabilizes.
3 - Until Bitcoin makes a new bullish move, that's the moment altcoins will start to outperform, going from Ethereum to XRP and further. The rotation of gains.
Super simple approach, but just simply follow through and buy every 20-40% dip on the Bitcoin markets for the coming two years and you'll be fine.
The longest bear market in history for #Bitcoin
It might feel like a ghost town in crypto. It might feel like there's not even going to be a bull cycle anymore and I understand why these thoughts are there.
But why?
Well, people base their decisions on history. 👇
Historically, and if you're in the markets for a longer period, you know that Bitcoin goes through cycles. These cycles have a period of expansion, big correction, accumulation and renewed expansion.
However, not every cycle is on the same length and that's what's expressed in the chart.
The current bear market is relatively comparable to what we've witnessed in 2015. A period of sideways action, where the faith in crypto is slowly getting lost too, despite the fact of solid fundamental growth.
Right now, price of Bitcoin is nowhere near the valuation of the peak in November '21. It's down more than 50% and in a bear market of 490 days.
I'm not even discussing altcoins or NFTs, as those have been dropping by a bigger percentage.
I know how it feels. Most people who read this have been experiencing their first heavy bear cycle and it hurts. It did the same for me in 2018/2019, or the COVID-crash, or the current bear market.
And just because it hurts, you'll learn. You'll keep moving forward and you'll identify new opportunities and experiences you'll be using later in the cycle or the next cycle.
As Bitcoin is slowly getting adopted into governments and institutions, recently;
- Blackrock having stakes in mining companies (and Valkyrie too).
- Multiple Bitcoin and Ethereum ETF applications.
- ETF in Europe going live.
- Hongkong opening for crypto.
- Oman investing more than a billion in Bitcoin.
The thing is, during the current period, these events are not being reflected in price at all. They lag behind as the market is stuck in the 'bear market modus', as the past 2 years price has been falling.
That's where your emotions are coming from. 'Why is the market not moving at all?'
From my experience in the previous cycle, it takes a long time, as we're currently experiencing the 'time capitulation'.
However, after that stage has passed (which might be a in a few months), the expansion and acceleration usually tricks you.
Sit on your hands, identify where your pain comes from, learn, and use those experiences in the coming years.