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MihaiDanielBMK
@MihaiDaniel
Crypto advisor , crypto investment consultant, crypto investor , trader , web3 founder
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The crypto market (except Bitcoin) is 3 times smaller than Microsoft, Nvidia or Apple, 2 times smaller than Google and Amazon, Facebook is worth 200 billion dollars more than Ethereum and all Altcoins. There are currently over 50,000 crypto projects.
Ethereum is 3 times smaller than Facebook stock and 9 times smaller than Nvidia or Apple.
The crypto market was never attractive to people when there were discount periods!
Ethereum is 3 times smaller than Facebook stock and 9 times smaller than Nvidia or Apple.
The crypto market was never attractive to people when there were discount periods!
For 19 days the ETF markets for Bitcoin is green, they buy Bitcoin , why bitcoin is not above 80.000$ , because they want to buy it cheap
If #Bitcoin closes the week above $67,800, I am very optimistic, we remain in the bullish trend.
Do not short Bitcoin ( don’t short bitcoin with leverage) this weekend , if bitcoin pump back to 71.000$ short positions of over 1.4 billion dollars will be liquidated! Be smart
This could be a bear trap or a legit down leg, the market gets in the panic mode very quickly easy . As long as we are above 69.000$ we need to wait for a market confirmation. On 4 hrs and 1 hr charts for Bitcoin we have a bear flag which can take us to 67.000$ that zone is more solid as support then 69.000$
Relax don’t stress, for now bitcoin is on support area around 69.000$ but if we lose it we have a very strong zone of support around 67.000$ level. Bitcoin is in bull market but some altcoins are in bear market ( polkadot for example, arbitrum , portal )
You can be as bearish as you want but we are still in uptrend, this is not a bear market , just some long are flushed! First wait to have so serious downtrend confirmation, only when market close 24 hrs below 65.000$ we can look for real support levels. Remember when you panic sell there is a buyer there for your sell order
Don't panic! This sudden correction could be a short squeeze (long positions with leverage are liquidated), as long as we are above $65,000 we are in Bullish mode, it is not the first correction, nor the last, macro there are many more bullish narratives! Quiet evening
This is a strong rejection from resistance zone for Bitcoin , but this could also be a potential short squeeze. Could be a bear trap , as long as we hold above 69.000$ this could be a trap!
Bitcoin again testing big resistance zone 71.500$ , one it brakes this brace for volatility
On #Binance the listing of a very very interesting project follows, now it's on the launchpad, project number 55 io.net, I think it's in the top 3 this year as a proposal, Ai - Cloud - processing power - decentralization. It's enough to hear AI and you think about Nvidia, what an evolution they've had, basically it's a market niche with enormous demand. If you want to participate on Binance below you have
Project details here: shorturl.at/um2Ck
If you don't have an account on Binance, this is my link:
accounts.binance.info/register?ref=3…
Project details here: shorturl.at/um2Ck
If you don't have an account on Binance, this is my link:
accounts.binance.info/register?ref=3…
The big short on the making, almost 7 Billion dollar bet against the crypto OG Bitcoin investor Microstrategy, 18 short bets against company , the issue here is that Microstrategy is a big bitcoin holder, and on the monthly chart they started to go south a bit but still have a huge bull flag on weekly chart
Once Bitcoin breaks 100.000$ markets will go crazy, and then altcoins can start to pump also like crazy!
If bitcoin breaks 72.700$ this can teleport us to 87.000$ super fast and markets will switch again to euphoria! Rejection of price on that area can frustrate the market for the next couple of weeks! It is a waiting game
Bitcoin might get a rejection here and test 69.900 again as support level, let’s see , if not the next support level is at 69.000$
On the hourly chart at #solana there is a nice bull flag with potential towards $181, I see invalidation below $170 🍀
71.500$ to 73.000$ is danger zone for Bitcon if the price don’t break this levels in the next days we will see 65.000$ again. The good news is the fact bitcon have a long consolidation above 60.000$ which is amazing
In the next 6 months, the crypto market in Europe will go through significant changes, exchange platforms (crypto exchanges), projects that issue or have issued coins (Altcoins) and companies issuing stablecoins (usdt, USDC) will have to align with EU requirements. Theoretically, everything will be regulated and clear, but until that point is reached, it will be demanding, complicated and stressful. What do you have to do? Document yourself well before taking any step!
Markets don’t go only straight up or straight down, market are unpredictable most of times, long term trends and targets can be estimated, don’t rush don’t do drama, make a plan , ask around for advice if you don’t know what you are doing.
#Bitcoin when it enters the area of 70,000 it seems to run out of air and immediately returns below this level, the challenge for BTC but at $71,500 really begins and is felt until 73,800 being the peak area and current ATH, the graphics are promising but I recommend caution especially when we talk about leverage, also kind reminder DO NOT short Bitcoin when it's bullish 🤑