For technical analysis, price action is consolidating with large demand below current price. The market is in an uptrend, and we are in a bull market. The market is not overheated, in fact it is relatively cool. Thus Rune is likely to appreciate along with the market. I will now share my thoughts on why I believe RUNE has potential to 10x. Rune has a...
I believe Bitcoin ETF net inflows will increase year over year, similar to the gold ETF. This selling of GBTC is temporary and must subside at some point. If we can guess the correct range that can absorb the selling, that is likely a good entry. Currently there is strong spot demand below 38k, to the tune of hundreds of millions. ETF purchasers are also...
Bitcoin has been on a rally for the past year. However we are approaching heavy resistance for the first time. Combined with suspected buyer exhaustion, and a decreasing amount of buyers willing to support 40k+ prices, after the ETF and its initial wave of inflows. I strongly suspect a correction is due for Bitcoin. This correction is unlikely to reach 25k, as...
Bitcoin has shown strength recently.. I was bearish, but the market has proven me wrong. I believe there will be another rally to 50k. However, keep in mind that every rally above current price can be fully retraced, due to lack of spot liquidity. If the trend changes, I would not hold and think price will stabilize anywhere around 44-50k. All trade ideas are...
As from my previous idea, I am bearish on Bitcoin and still bearish. I have been long Bitcoin from 16,000, added at 25,000 and 26,000, but have decided to sell recently. I have been in the markets since 2016, and after seeing prices rise and fall, I have began to develop a strong sense of market direction in the mid to long term. My analysis revealed a strong...
This idea involves a BTC short. The reason for this idea is due to a combination of factors, namely order flow, analysis of inflows and outflows out of exchanges, the current selling of tokens by miners, the prediction of post ETF approval market flows, as well as price action. This leads me to the prediction that price is high and unlikely to be sustained in the...
WE SHORT BONK BECAUSE IT LOOKS LIKE IT GOES DOWN. After the Bitcoin flush altcoins pumped as people rush to re-enter their positions. However they don't know Bitcoin topped.