I still think crypto is the best opportunity the average person has to make life changing money
Real estate: Most people can't even afford a house anymore
Stocks: You're competing against hedge funds with billions of dollars and every advantage imaginable
Bonds: Enjoy your 4-5% a year
Crypto isn't easy. Most people lose money because they chase the wrong things and have no patience
But where else can someone with limited capital realistically have a shot at making life-changing money?
I still don't see a better opportunity out there
Crypto sentiment has been terrible lately, but is the chart actually telling a different story?
I'm starting to see some reasons for optimism today
Quick video below, I break down what I'm watching, why the current price structure looks familiar, and what needs to happen next for $BTC.
Worth paying attention 👇
Crypto sentiment has been terrible lately, but is the chart actually telling a different story?
I'm starting to see some reasons for optimism today
Quick video below, I break down what I'm watching, why the current price structure looks familiar, and what needs to happen next for $BTC.
Worth paying attention 👇
@newnetworkorder yeah I can agree with that, you can trade it but dont expect anymore 20x in a cycle
its like 3x maybe 4x which is still amazing
But some ppl arent looking to turn their port 3x in four years, they want 30x in four years
Most people are going to be disappointed by Bitcoin's next all-time high
I've been saying for a while that other coins offer much better trading opportunities.
Back in 2019, I created a chart predicting Bitcoin's future cycle tops. It's been remarkably accurate over the last two cycles.
Most people aren't expecting this 👇
Most people are going to be disappointed by Bitcoin's next all-time high
I've been saying for a while that other coins offer much better trading opportunities.
Back in 2019, I created a chart predicting Bitcoin's future cycle tops. It's been remarkably accurate over the last two cycles.
Most people aren't expecting this 👇
@buyerofponzi@edwardmorra_btc Yeah fair point those extra fees definitely add up with frequent trading
Guess it depends on the app and how someone trades
For me taking fewer bigger swings I don't mind paying a little extra for a good mobile experience
@mudsak@cousincrypt0 but they'll happily make more using those US tax dollars 😂
Military industrial complex and politicians love a good " global conflict" for their profits
I've been bullish $XMR for a while
After breaking above the $438 level, Monero was going to make it's way back up to new highs with time
Btw, XMR mcap is half of ZEC
Slowly but surely, XMR has been strong and imo foresee a retest of new highs over $800 is coming in due time
Crypto Market Update:
SHORT TERM:
Black Monday didn't happen, and I think people are starting to realize how much of the recent volatility and liquidations came from illiquid market conditions
Bitcoin has been consolidating for roughly a month while we've seen significant riskoff behavior across altcoins
For now, BTC continues to respect the $80K–$81K support area and remains above its previous trading range
Holding this level would be healthy and keeps the case for continuation higher intact
Losing $80K isn't the end of the world, but I think it would mean more sideways chop for majors and potentially more downside for altcoins
WORST CASE SCENARIO:
The level I'm really watching is $75K–$76K
A confirmed breakdown below this area on the higher timeframes would be a much bigger concern
With inflation picking back up, the possibility of additional rate hikes, and ongoing geopolitical tensions, I could see that leading to an extended corrective period through the midterms and potentially into the holiday season
That would likely mean a couple more months of difficult price action, especially for altcoins
BULL CASE SCENARIO:
The biggest potential catalyst I see right now is the US and Iran reaching an agreement
An agreement that reduces tensions and restores oil flows could bring energy prices down, ease inflation concerns, and potentially change expectations around future rate hikes
That would be a much more favorable environment for risk assets, including crypto
If BTC continues holding support while we see some improvement on the macro side, I think there's a good argument for the market to start pushing higher again
BOTTOM LINE:
I'm still constructive on Bitcoin above $75K–$76K
$80K is the short-term support I'm watching, while $75K–$76K is where I'd seriously start questioning the bigger picture
Until those levels break, I'm not convinced the bullish structure is over