I expect the market to be extremely volatile in the lead up to the first Fed meeting by the new chair on 16/17 June.
These are the stocks i’m watching and prices I would be glad to add at:
$SE: $77
$GRAB: $3
$GLXY: $20
$NBIS: $173
$HOOD: $69
$FICO: $950
$DLO: $10.70
$RBRK: $64
@ariaradnia as much as i hate how rddit has become a leftard echo chamber, i still think it's a good business. let me profit off of those woke rage and tears
More than half of all $BTC in circulation is now held at an unrealized loss.
10.5M BTC are underwater. Only 9.8M are in profit.
This crossover has coincided with every major bear market bottom in history.
BTC also just touched its 200-week moving average at $61,300, a level reached in every previous bear market cycle, though it broke below it for 9 months in 2022.
If $60k breaks, the next support is $54,000, the average cost basis of every coin in circulation.
History says we're near a bottom. History also says "near" can take a while.
A Bitcoin metric that has historically marked every bear market bottom has flashed again.
More BTC is now being held at a loss than at a profit, with 10.5 million bitcoin underwater compared to 9.8 million in profit.
In previous cycles, this crossover has coincided with major market bottoms.
At the same time, Bitcoin has touched its 200 week moving average at $61,300, a support level reached in every prior bear market.
Plausible path:
Bitcoin forms a low in June (like it did in June 2018 and June 2022).
BTC rallies in July
SPX correction later in year which allows Bitcoin to finally bottom (most likely October)
Four year cycle wins again
@TheRonnieVShow 4 year cycle still in tact, it's just that easy, all these relief rally is just a trap, even you were pumping btc at the local top.
Watch out for a bottom in Oct, time based capitulation