$GOOGL 🖇️ $NVDA 🖇️ $META
We went from that Monday of 'nothing has happened here' to a Friday where fear is felt in every candle on the chart. Seeing Bitcoin fall below $66,000 is that reality check that reminds us that, no matter how strong the crypto community is, we cannot ignore what is happening in the real world.
What is happening with oil and the tensions between Ukraine, Russia, and Iran is like a domino effect that ends up hitting our wallets.
When fuel prices rise, inflation skyrockets, and that’s when the Fed gets serious and says: "forget about lowering rates, maybe we need to raise them." That is poison for risk assets. That’s why we see even tech giants like Nvidia or Google suffering just like us; $17 trillion has been wiped off the map, it’s madness!
The most frustrating thing is seeing the same pattern repeat every week, we start off strong on Monday and, by Thursday or Friday, everyone rushes to sell to avoid being 'trapped' over the weekend in case something serious happens in the news. It’s exhausting, but it’s also where we see who has the discipline we always talk about.
Now that XRP is fighting at $1.35 and Bitcoin is looking for a bottom, it’s time to apply what we mentioned about the 'lower levels'. Let’s not be swayed by the panic of round numbers. There is a lot of hidden institutional liquidity that tends to appear when everyone else has already thrown in the towel.
Those moments of 'cleaning' are tough, but necessary for the market to heal and get rid of those operating with too much risk. We are still here, watching calmly and adjusting our strategy.
Do you feel that your community is very nervous about this drop below $66k, or are they already getting used to this weekend script we’ve been seeing?
FOLLOW ME FOR MORE ANALYSIS AND NEWS ….
