Who said that penguins couldn’t fly?
The takeover is inevitable. IYKYK. 🐧
lil pudgy giveaway valued at 1 ETH.
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Winner announced in 7 days.
#BTC shows a decisive breakout on the 1D chart, reaching the $42,000 zone from above $32,000. Key techniques based on volume, breadth, time, price action, momentum, and volatility confirm this uptrend.
The 200-day SMA at 29,750 signals a continuing bull market trend, reinforcing the third wave of the bull run.
A "golden cross" is evident, with the 50-day average crossing the 200-day, indicating rising medium-term momentum. The 200-day BPRO stands at 31,800, emphasizing the breakout's impact and providing estimated support for a mean-reversion type of pullback.
BTCUSD now trades at 41,900 with a strong RSI of 76 and an ATR of 1200, maintaining bullish momentum.
Trading against such powerful breakouts with price distance traveling +35% over $32k is not recommended.
With BTC being up over +70% since the August 2022 bear market rally peak (point of reference), the altcoins market cap is breaking out over the same point of reference for the first time. Altcoins are lagging severely behind #Bitcoin, yet they are waking up.
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Opportunity cost needs to be talked about more in this space
It's less important in bear markets, but when things get bullish and frothy, having your liquidity tied up in X and wanting to get into Y is a daily occurrence
It usually leads to overtrading, and death by 1000 cuts
One of the main strategies I preach is DCAing with a long term time horizon.
But, not every investment is suited to this strategy.
Sticking to this approach is one of the biggest mistakes that investors make in crypto.
Why? 👇