They say 5x a year theres free money on the floor to pick up, but noone really says it clearly when its one of those situations--
IMO, one of the times is right now. The risk/reward on buying $BTC here in the low 80s with a 6-month horizon is excellent.
It doesn't really matter what you think about these Tariffs. What is undeniable is that the dollar is being weakened, and its reserve currency status diminished.
This is a double whammy for BTC strength- not only is the denominator of the BTC/USD pair a tailwind now, but the need and global demand for 'reserve currency instruments' increases.
Add to this the power of reflexivity after $BTC already has passed a big test this week by holding up well, and the signs that the supply squeeze might already be under way given the lack of dumping here, and it just seems like a promising spot.
Maybe its not quite the bottom, but waiting for lower entries sometimes misses the boat. I'm already allocating close to 1/2 of my max size here and will look for spots to allocate remaining dry powder soon.
$ETH is poised to make a gigantic breakout in the coming month or so.
🔵 We have a massive, multi-year ascending triangle (in blue). [BULLISH]
🟡 Next is an Inverse Head and Shoulders (in yellow). [BULLISH]
🟢 Last, is a flag with a descending pennant (in green). [BULLISH]
These three patterns are nested inside of each other. A breakout from the flag (green), results in a completion of the right shoulder of the inverse head and shoulders (yellow), which prepares ETH for the breakout of the massive ascending triangle (blue).
It's all baked in and coming soon.
For the non TA guys out there who don't analyze charts I understand the skepticism- so let's put it in a way you guys can understand:
Bitcoin is arguably king of this space right now. It was the first crypto created, is currently the largest by marketcap, less relatively volatile vs it's peers, and therefore the "safest" investment of this asset class.
We all know that reward is always relative to risk, and that generally the more risk you take, the higher the potential reward is.
Investing in Bitcoin vs alts is like investing in US treasuries vs stocks, in that you are trading off a higher potential yield for less risk and more stability.
When in a bull market on equities, you should EXPECT the stocks you've picked to outperform those treasury bills during this specific window of time.
The same idea applies here. In a bull market, it's EXPECTED that most major alts will outperform $BTC in terms of ROI, just as they underperform BTC in a bear market.
BTC has now nearly doubled it's prior ATH in the 60k region (and many of you agree the run isn't over yet).
Why then, is it so difficult for people to see $ETH hitting 10k this cycle which is just barely a 2x over it's own prior ATH of ~$4800?
If $BTC has nearly 2x'd it's prior ATH and we know that it always LEADS the cycle, many alts (especially ones that have remained Top 3 for nearly a decade now) should EASILY eclipse that 2x by the end of this cycle.
Yes there are other considerations like increase in circulating supply on alts vs BTC but after a bear market/capitulation enough of the circulating supply has been cornered to where the excess isn't as big of a deal as people make it out to be (more on that in a Youtube vid I made here if you're interested: https://t.co/R8QRdIqHXg)
All this to say that, irrespective of the fantastic HTF technical setup, 10k MIN on $ETH (2x prior ATH) is not just realistic but highly probable in the coming months imo and realistically we should go much higher.