Couldn‘t say it better.
Most alts are still heavily undervalued.
However, the current stock market and geopolitical situation is like a ticking time bomb:
One the one hand, markets started to price in all the inflation (SPX ATH, BTC ATH)
On the other hand markets could nuke (inbalanced markets: most of the gains were on very few assets, making this move unhealthy, many countries and banks start to horde gold and BTC. Somewhat good but they are preparing for the worse)
That said, be prepared for both: much more up, much more down.
Most alts are still heavily undervalued.
However, the current stock market and geopolitical situation is like a ticking time bomb:
One the one hand, markets started to price in all the inflation (SPX ATH, BTC ATH)
On the other hand markets could nuke (inbalanced markets: most of the gains were on very few assets, making this move unhealthy, many countries and banks start to horde gold and BTC. Somewhat good but they are preparing for the worse)
That said, be prepared for both: much more up, much more down.
Forwarded from Watcher Guru
JUST IN: Robinhood CEO Vlad Tenev says "we believe crypto will fundamentally reorganize the financial system."
@WatcherGuru
@WatcherGuru
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Forwarded from Watcher Guru
JUST IN: Standard Chartered Bank says Bitcoin will reach $150,000 if Donald Trump wins the presidential election.
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@WatcherGuru
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DiveInDefi
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By the way, depending on which timeframe you look at this, we could summarize attempt 2 and 3 as 1.
That said, this would then be the macro 4th attempt right now, meaning we have one more attempt. But this last one should make it or we get weakness on the BTC chart.
That said, this would then be the macro 4th attempt right now, meaning we have one more attempt. But this last one should make it or we get weakness on the BTC chart.
As long as spx keeps mooning, you shouldn‘t be concerned for btc going higher eventually. Question is if spx dies before we get our moon
Forwarded from Alpha
U.S. NONFARM PAYROLLS: +272000 (EST. +182000)
U.S. UNEMPLOYMENT RATE: 4% (EST. 3.9%)
U.S. AVERAGE HOURLY EARNINGS: +0.4% (EST. +0.3%)
U.S. UNEMPLOYMENT RATE: 4% (EST. 3.9%)
U.S. AVERAGE HOURLY EARNINGS: +0.4% (EST. +0.3%)
DiveInDefi
Old story: As long as >69k, gud. <69k not so gud
Damn, back at 67k support.
DiveInDefi
By the way, depending on which timeframe you look at this, we could summarize attempt 2 and 3 as 1. That said, this would then be the macro 4th attempt right now, meaning we have one more attempt. But this last one should make it or we get weakness on the…
This uptrend is also broken. Not the end of the world but could be the start of it.
We should expect, at least a small, bounce from here. Not looking too good ngl.
We should expect, at least a small, bounce from here. Not looking too good ngl.