The Bull Case for $AUKI
@Auki is sitting right at the intersection of crypto, AI, and robotics. Their potential is huge, but almost nobody is paying attention yet.
I spent the past two weeks researching them, and I have to say I'm really impressed.
Let's dive in!
π§΅π
So, ETH-heads had this thing that they called the "flippening", which was a belief way back when that ETH would eventually surpass BTC in market cap.
I've said for years now that the flippening might happen, but it's not going to be what the ETH-maxis think -- instead of ETH flipping BTC, it's going to be SOL flipping ETH.
I don't get this idea that ETH somehow is already the established winner. It's not. It can easily stagnate (like it's been doing), and be overtaken by faster movers.
That said, I do think it has at least one more pump in it. So yea, if it got ridiculously cheap, I would consider buying.
$BCH was stronger than bitcoin for quite a while. But in the end, it failed to break up out of the range to the upside, and has now instead broken down below it.
Price target 116.
(Technically the week hasn't closed yet, so there's still one more day to bounce back, but I doubt that will happen.)
Bitcoin Cash $BCH still looking much stronger than bitcoin. Now looking for a strong weekly close above the resistance around 650. IF so, that would set up a price target of 1000. Let's see!
Litecoin $LTC breakdown on the weekly chart. Price target $32.
I have nothing against Litecoin as such. But as an investor, don't bother with these dino coins. If we get a broad altseason, sure, they could run. But if that happens, the shiny newer things will run harder anyway.
Nope. $OTHERS (altcoins) went the other way. Has now clearly broken down from the channel on the daily timeframe. Still at support on the weekly timeframe, but this breakdown does not look good for alts.
Tbh I don't really have a good system yet.
If you don't put an automatic stop, you cannot quantify the risk as you enter the trade. On the other hand, with an automatic stop, you risk getting wicked out by intraday volatility.
I think I lean towards automatic stops, because then my emotions can't stop me from executing the stop as planned.