BULLISH:
VITALIK JUST SAID HE WANTS TRADFI TO BUILD ON ETHEREUM.
NOT “COMPETE WITH BANKS.”
NOT “REPLACE THE SYSTEM.”
INTEGRATE THE SYSTEM INTO $ETH.
THIS IS HOW GLOBAL ADOPTION ACTUALLY HAPPENS.
$BTC WEEKLY
Bitcoin continues to trade just above the weekly 50 MA.
This line has been tested as support 3 times since breaking above it in 2023. It has broken below with wicks all three times, closing above.
This may be the true bull/bear line for many technical analysts.
If you are scared, read this.
In the first few days of November 2024, Bitcoin dumped from $71k to $66k, and everyone said the market was done, but then $BTC pumped 60% from $66k to $108k in just 45 days.
From Nov 4th 2024 to Dec 15th 2024, ETH pumped 75%, and the altcoin market cap jumped 138%, sending many alts 5x-10x in less than 2 months.
So this tells you the market only needs 45 days to give explosive parabolic returns.
Today we are at the same spot, Nov just started and we are dumping.
But all the data is positive
Fed will cut rates in December
QT ending Dec 1
QE is here ( Fed buying treasury bills )
Crypto market bill close to buying
US-China trade deal signed
Gold topped
U.S. stocks hitting new highs
So I’m not fcking leaving, I’m still bullish.
Crypto prices are being manipulated and suppressed. I don’t buy the idea that all the data is good, everything in the world is pumping with liquidity but crypto is done.
So I’m holding and waiting patiently. Definitely not easy, but we all knew the risks before we started investing into internet money.
ETHEREUM IS SETTING UP A TEXTBOOK BULLISH FLAG
Consolidation is clean.
Broke out. Retested the breakout zone.
Structure projects a move toward $11.5K.
All it takes now is confirmation.
Boredom now is blow-off later.
my son really wanted everyone in the world to see this origami rocket that he created
and he wanted me to send this directly to Elon Musk
(and he keeps asking me how many likes it will get if you even care)
Lots of random FUD in the market.
People are in pain, jittery, and anxious.
Whales are pouncing on it, spreading more FUD, and cashing in on it.
Learn to verify. Check with official sources on any "news".
If you believe FUD, you will be...