weeklyreport
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Dear community, hope all is well!
After a bad first part of the week, Bitcoin has seemingly found its footing. In the short-term, I wouldn’t be surprised if we retest 70k. However, a lot of alts are looking extremely bearish and the stock market is dumping hard. Remains to be seen how much strength BTC possesses to carry on.
Alts dumped hard over the last few weeks, some even giving away all their gains of the last 5 months. With alts being extremely oversold, the risk is currently to the upside. However, trade with tight stop losses and targets that are not too far away. Market is currently not sure where to go and there’s a serious risk of the top being in for the next few months.
The halving has just happened. Personally, I think this will be a sell-the-news event for a few weeks/months. I expect BTC to reach 100k by the end of the year. If we get a bearish summer, that would be the perfect time to load in on your favorite alts for a discount!
#weeklyreport #bitcoinhalving #Memecoins
After a bad first part of the week, Bitcoin has seemingly found its footing. In the short-term, I wouldn’t be surprised if we retest 70k. However, a lot of alts are looking extremely bearish and the stock market is dumping hard. Remains to be seen how much strength BTC possesses to carry on.
Alts dumped hard over the last few weeks, some even giving away all their gains of the last 5 months. With alts being extremely oversold, the risk is currently to the upside. However, trade with tight stop losses and targets that are not too far away. Market is currently not sure where to go and there’s a serious risk of the top being in for the next few months.
The halving has just happened. Personally, I think this will be a sell-the-news event for a few weeks/months. I expect BTC to reach 100k by the end of the year. If we get a bearish summer, that would be the perfect time to load in on your favorite alts for a discount!
#weeklyreport #bitcoinhalving #Memecoins
Dear community, hope all is well. Apologies for the delayed weekly overview.
Last week was generally a boring week where BTC tried to find its footing. As of the last two days, BTC has seemingly bottomed out around the 60k.
Whereas BTC dropped almost 18%, the sell-off in the alts was much more severe, where some highly volatile tokens lost almost half of their worth in just 2 weeks of trading.
Overall, this is normal during bull-markets. Open interest (leverage) has to reset and indicators like the RSI have to cool down, which gives investors the opportunity to step back into the markets.
I'm expecting a resumption of the bull-market this week. We will likely make a new all-time high in the next few days.
#weeklyreport #HotTrends
Last week was generally a boring week where BTC tried to find its footing. As of the last two days, BTC has seemingly bottomed out around the 60k.
Whereas BTC dropped almost 18%, the sell-off in the alts was much more severe, where some highly volatile tokens lost almost half of their worth in just 2 weeks of trading.
Overall, this is normal during bull-markets. Open interest (leverage) has to reset and indicators like the RSI have to cool down, which gives investors the opportunity to step back into the markets.
I'm expecting a resumption of the bull-market this week. We will likely make a new all-time high in the next few days.
#weeklyreport #HotTrends
Dear community, hope all is well.
Let’s address the elephant in the room: I was likely wrong about my thesis that BTC would go down further to 35k-30k. The bounce from 38.5k > 43.8k was impressive, but even more impressive is that we went from 42k > 48k within a week, with only green daily bars. Bulls seem to be back, which makes it a matter of time before we will break through 50k.
Yes, the ETF caused a big drop (~22%) as I wrote about plenty of times. However, the bounce that we’re currently seeing is most likely the confirmation that the trend is still holding. The trend is your friend!
My expectation is that this trend will keep on going for a while, so I’m expecting great things in the near future.
Good luck to all!
#weeklyreport
Let’s address the elephant in the room: I was likely wrong about my thesis that BTC would go down further to 35k-30k. The bounce from 38.5k > 43.8k was impressive, but even more impressive is that we went from 42k > 48k within a week, with only green daily bars. Bulls seem to be back, which makes it a matter of time before we will break through 50k.
Yes, the ETF caused a big drop (~22%) as I wrote about plenty of times. However, the bounce that we’re currently seeing is most likely the confirmation that the trend is still holding. The trend is your friend!
My expectation is that this trend will keep on going for a while, so I’m expecting great things in the near future.
Good luck to all!
#weeklyreport
🔴 Dear community, welcome to my weekly overview!
End of boring market!
After a noticeable lull, Bitcoin (BTC) is on the move again. For several weeks, the cryptocurrency remained steady, but now it has stepped out of this calm patch.
I already anticipated that Bitcoin's price would drop, and it did. The bearish shift I foresaw has materialized and will likely continue until the end of the year.
Why the Drop?
Two major events seem to be pushing Bitcoin's price down:
SpaceX Sells Off: Elon Musk's company, SpaceX, has reportedly sold its stash of Bitcoin. This move has caused some worry in the market.
Trouble with China's Evergrande: A big company in China, Evergrande, is facing money troubles. This gets tricky for Bitcoin because a digital coin called Tether is connected to Evergrande. If Evergrande struggles, Tether and Bitcoin might feel it too.
Short-Term Outlook
Right now, Bitcoin's price is very low. Looking at past patterns, I think it might go up a bit soon, reaching somewhere between 27k-28k. However, this year might have already seen its highest price for Bitcoin.
Macro news
There's not much big news about money and markets this week. Some people from the U.S. Federal Reserve will be speaking, but their words might not shake things up too much.
In summary, Bitcoin's price is finally shifting. I’m expecting more downside, potentially even 20k in the near future.
#weeklyreport
After a noticeable lull, Bitcoin (BTC) is on the move again. For several weeks, the cryptocurrency remained steady, but now it has stepped out of this calm patch.
I already anticipated that Bitcoin's price would drop, and it did. The bearish shift I foresaw has materialized and will likely continue until the end of the year.
Why the Drop?
Two major events seem to be pushing Bitcoin's price down:
SpaceX Sells Off: Elon Musk's company, SpaceX, has reportedly sold its stash of Bitcoin. This move has caused some worry in the market.
Trouble with China's Evergrande: A big company in China, Evergrande, is facing money troubles. This gets tricky for Bitcoin because a digital coin called Tether is connected to Evergrande. If Evergrande struggles, Tether and Bitcoin might feel it too.
Short-Term Outlook
Right now, Bitcoin's price is very low. Looking at past patterns, I think it might go up a bit soon, reaching somewhere between 27k-28k. However, this year might have already seen its highest price for Bitcoin.
Macro news
There's not much big news about money and markets this week. Some people from the U.S. Federal Reserve will be speaking, but their words might not shake things up too much.
In summary, Bitcoin's price is finally shifting. I’m expecting more downside, potentially even 20k in the near future.
#weeklyreport
🟢 Dear community, hope you had a good week. Welcome to my weekly overview!
Dear community, hope you had a good week. Welcome to my weekly overview!
I feel like I’ve been making the same weekly posts over the last month or so. Bitcoin is still in a period of extremely low volatility and alts are generally trending downwards. Difference with last week is that BTC seems to be trading around 29,000 all the time instead of 29,300. A mere 1% difference, but still significant considering Bitcoin trades within a 0.5% range on some days.
Another significant change in trend is the stock market. We’ve got the first daily confirmed downtrend (lower-lows) in months. Bitcoin didn’t follow the stock market when stocks were booming, but I’m rather confident that BTC will start going down once stocks go down as well. It’s simply better to be a crypto bear once the stock market starts falling.
Coming week is going to be interesting since we’ve got another CPI/Inflation print coming on Wednesday. Lower number good, higher number bad, simple as that.
#weeklyreport
I feel like I’ve been making the same weekly posts over the last month or so. Bitcoin is still in a period of extremely low volatility and alts are generally trending downwards. Difference with last week is that BTC seems to be trading around 29,000 all the time instead of 29,300. A mere 1% difference, but still significant considering Bitcoin trades within a 0.5% range on some days.
Another significant change in trend is the stock market. We’ve got the first daily confirmed downtrend (lower-lows) in months. Bitcoin didn’t follow the stock market when stocks were booming, but I’m rather confident that BTC will start going down once stocks go down as well. It’s simply better to be a crypto bear once the stock market starts falling.
Coming week is going to be interesting since we’ve got another CPI/Inflation print coming on Wednesday. Lower number good, higher number bad, simple as that.
#weeklyreport
#weeklCertainly, here's a revised version:
"Hello everyone, I hope you're all doing well! It's been a relatively quiet week in the crypto world, so I'll keep this update short and sweet.
The crypto market saw minimal excitement this week. While Bitcoin experienced a modest 4% increase on the 25th, it has largely traded sideways for the past six weeks. Currently, there isn't much significant activity to report. Despite this, Bitcoin's long-term trend remains bullish, with short-term expectations leaning towards a retest of the current all-time high. Positive inflows from ETFs continue to exert buying pressure. Let's remain patient and see what unfolds in the coming week."
#weeklyreport #HotTrends
"Hello everyone, I hope you're all doing well! It's been a relatively quiet week in the crypto world, so I'll keep this update short and sweet.
The crypto market saw minimal excitement this week. While Bitcoin experienced a modest 4% increase on the 25th, it has largely traded sideways for the past six weeks. Currently, there isn't much significant activity to report. Despite this, Bitcoin's long-term trend remains bullish, with short-term expectations leaning towards a retest of the current all-time high. Positive inflows from ETFs continue to exert buying pressure. Let's remain patient and see what unfolds in the coming week."
#weeklyreport #HotTrends
Dear community, hope you had a great week!
While we had a great start of the week, Bitcoin dropped hard over the last few days. Although we’re seeing a reversal as we speak, it remains to be seen if BTC will make a new all-time high in the next week. Would be great of course, but I wouldn’t be surprised if we trade between 70k-60k for 1-2 weeks.
Long-term still looks great. Bulls are winning on every front and have nothing to be worried about. Dips are to be bought! Keep in mind, best returns are in the altcoin market. Best case scenario for the coming year would be that BTC does a 2x, whilst alts can still go 10x-30x with ease. Bitcoin dominance is very high, so once the “real” altseason kicks in, we’re in for a treat.
#weeklyreport
While we had a great start of the week, Bitcoin dropped hard over the last few days. Although we’re seeing a reversal as we speak, it remains to be seen if BTC will make a new all-time high in the next week. Would be great of course, but I wouldn’t be surprised if we trade between 70k-60k for 1-2 weeks.
Long-term still looks great. Bulls are winning on every front and have nothing to be worried about. Dips are to be bought! Keep in mind, best returns are in the altcoin market. Best case scenario for the coming year would be that BTC does a 2x, whilst alts can still go 10x-30x with ease. Bitcoin dominance is very high, so once the “real” altseason kicks in, we’re in for a treat.
#weeklyreport
Dear community, hope you had a good week. Welcome to my weekly overview.
BTC has seemingly reversed from the 53k area, but then again bounced up? Next week is going to be key, we will either continue to go down or reverse. The 50k support is a massive block for the bears, but if they can push through it might get dangerous. Bulls still have the long-term trend for both crypto and stocks, so yet again the path of least resistance would be to go up.
Keep in mind that there’s always one big dump either a few months before or after the halving. We’re due to go down at some point in the not-so-distant future.
#weeklyreport
BTC has seemingly reversed from the 53k area, but then again bounced up? Next week is going to be key, we will either continue to go down or reverse. The 50k support is a massive block for the bears, but if they can push through it might get dangerous. Bulls still have the long-term trend for both crypto and stocks, so yet again the path of least resistance would be to go up.
Keep in mind that there’s always one big dump either a few months before or after the halving. We’re due to go down at some point in the not-so-distant future.
#weeklyreport
Weekly Roundup: Top Crypto News This Week
▪︎Terra’s $57 Million Lawsuit.
▪︎Binance and CZ in the Hot Seat
▪︎Binance Waves Goodbye to BUSD Stablecoin
▪︎Grayscale Prepares for Spot Bitcoin ETF
▪︎FTX Asset Sell-Off
▪︎UK’s Crypto Tax Shake-Up
▪︎Genesis and DCG Reach an Agreement
▪︎MicroStrategy’s Bitcoin Buying Spree Continues
▪︎CZ Exits Binance US Board
▪︎Circle Fights Back Against Accusations
▪︎Security Breaches Hit Velodrome and Aerodrome
▪︎Ripple and XRP’s Dance with CBDCs
The first week of December 2023 has brought a mix of ups and downs, showcasing the dynamic nature of the cryptocurrency market. As the market continues to evolve, there’s anticipation for what the future holds.
#CryptoNews🔒📰🚫 #cryptonews #weeklyreport #News #WeeklyRoundup
$XRP $SOL $LUNC
▪︎Terra’s $57 Million Lawsuit.
▪︎Binance and CZ in the Hot Seat
▪︎Binance Waves Goodbye to BUSD Stablecoin
▪︎Grayscale Prepares for Spot Bitcoin ETF
▪︎FTX Asset Sell-Off
▪︎UK’s Crypto Tax Shake-Up
▪︎Genesis and DCG Reach an Agreement
▪︎MicroStrategy’s Bitcoin Buying Spree Continues
▪︎CZ Exits Binance US Board
▪︎Circle Fights Back Against Accusations
▪︎Security Breaches Hit Velodrome and Aerodrome
▪︎Ripple and XRP’s Dance with CBDCs
The first week of December 2023 has brought a mix of ups and downs, showcasing the dynamic nature of the cryptocurrency market. As the market continues to evolve, there’s anticipation for what the future holds.
#CryptoNews🔒📰🚫 #cryptonews #weeklyreport #News #WeeklyRoundup
$XRP $SOL $LUNC
Dear community, hope all is well! Welcome to my weekly overview.
Amazing week for crypto as BTC reached its highest value since December 2021. ETF inflows are extremely high and FOMO kicks in with the halving on the horizon. Great time to be an investor!
Seeing that the trend is very strong, I’m expecting BTC to simply keep going up. We’ve breached virtually all near resistances, which leaves the door open to the 69k all-time high. We’re a mere 33% away from a new all-time high, shouldn’t be too difficult, I guess?
#weeklyreport
Amazing week for crypto as BTC reached its highest value since December 2021. ETF inflows are extremely high and FOMO kicks in with the halving on the horizon. Great time to be an investor!
Seeing that the trend is very strong, I’m expecting BTC to simply keep going up. We’ve breached virtually all near resistances, which leaves the door open to the 69k all-time high. We’re a mere 33% away from a new all-time high, shouldn’t be too difficult, I guess?
#weeklyreport
Dear community, hope all is well!
Bitcoin made history this week. A new all-time high has officially been printed and BTC traded above $70,000 on most exchanges.
I’m still waiting for the definitive break out. Historically, BTC has always traded at or just below the previous all-time high for a few weeks. It will try to break out several times, but the bears will push the price back. This will go on for a few days/weeks until the bears are exhausted, which will in turn lead to a massive break out.
I’m expecting the definitive break out to take us to $75,000 within an hour or two. You will know when the break out is “real” and when it’s not.
Keep a close eye on your leverage and alts. Some alts dumped as much as 20-30 percent in matter of minutes after the 70k rejection.
#weeklyreport
Bitcoin made history this week. A new all-time high has officially been printed and BTC traded above $70,000 on most exchanges.
I’m still waiting for the definitive break out. Historically, BTC has always traded at or just below the previous all-time high for a few weeks. It will try to break out several times, but the bears will push the price back. This will go on for a few days/weeks until the bears are exhausted, which will in turn lead to a massive break out.
I’m expecting the definitive break out to take us to $75,000 within an hour or two. You will know when the break out is “real” and when it’s not.
Keep a close eye on your leverage and alts. Some alts dumped as much as 20-30 percent in matter of minutes after the 70k rejection.
#weeklyreport
Dear community, hope all is well! The week wasn’t that special, so will keep the overview short and sweet.
Boring week for crypto. Bitcoin saw a nice +4% move on the 25th, but has been trading sideways for the following 6 weeks. Not a lot to talk about currently. Bitcoin’s long-term trend is bullish, short-term looking for a retest of the current all-time high. ETF inflows are positive, so buying pressure from there. We have to sit on our hands and wait what next week will bring.
#weeklyreport
Boring week for crypto. Bitcoin saw a nice +4% move on the 25th, but has been trading sideways for the following 6 weeks. Not a lot to talk about currently. Bitcoin’s long-term trend is bullish, short-term looking for a retest of the current all-time high. ETF inflows are positive, so buying pressure from there. We have to sit on our hands and wait what next week will bring.
#weeklyreport
