I can see that some of you are a little uncertain as to are we still in a bullrun, the price hasn't moved to the upside in quite some time and with that, a little fear has clouded your judgment . Let me firstly tell you that altough history typicaly does not repeat itself, it sure does rhyme. If we follow that logic, from the previous bull cycles to now, we can clearly see phases in every run.
As you can see each phase starts when another ends. With this being said, we can see that right now we are still in Phase 1, it is the time when all the money that goes into crypto rushes to $BTC as it is seen is the safe heaven. With Bitcoin being the biggest project and having the only ETF in the crypto space, it is a no brainer why the money goes there first. Phase 2 however is the time when $ETH goes on a run, increasing its market dominance while Bitcoin and the altcoins take a backseat. That is when trust in the market is really being formed. Phase 3/4 is when altseason officially starts, a period when the hype is at an ATH, trust in the market is strong and the people who made money from Bitcoin and Etherium start taking their profits and putting them in altcoins. PS. In my opinion Phase 2 start with the approval of the Etherium ETF 💯
Remember, the Ethereum ETF is going to be approved at the beginning of next month! ⏳️💪
Sources say that everything is ready, the S-1 filings have been made, and that it is only a matter of time before the ETF starts trading.💯🌊
That day will mark a momentous milestone, an unprecedentedly bullish signal. 🎯📈
Ethereum will rally, just as Bitcoin did after the spot Bitcoin ETF was approved. 🧙♂️💫
Remember, we are still some time away from the speculated date of July 2nd, which leaves ample time for the market makers to push the price down a bit more. 👀🚨
Be alert, as all of these crashes bring us amazing entry points in the market. 🤞👑
Once the Ethereum ETF is approved, be on the lookout for a mini altcoin season that might start, as usual, altcoins follow Ethereum closely. 🕝💸
Invest in projects linked to Ethereum such as ZK, MANA, SAND, Layer 1, and Layer 2 projects, as I believe they will be the frontrunners of the so-called mini altcoin season. 🔥🌊
As I have said in previous posts, Bitcoin is likely going to fall to around the $61,000–$60,000 level by the end of the month. ⏳️😱
We were due for another red month this year, so June takes the cake on that one. 🚨😤
Now, this is where the bad news ends for me. The market is in very oversold territory, leading me to believe that a relief rally is going to take place. 📈💯
Another factor to consider is July, when speculation is growing louder about the potential approval of the Ethereum ETF. 💸
Coins today have dipped again, giving us a pretty good entry point that I have been stressing the importance of. 🎯🌊
July might just be the beginning of a mini altcoin season, as all of them have been oversold for a long time. 🚀💫
Keep an eye out for projects with a lot of traction that are linked to Ethereum. 👀🧙♂️
Some Layer 1, Layer 2 projects, even projects like $ZK , $SAND and MANA. 🔥🤞
Yesterday, the market experienced a significant downtrend, with altcoins dropping more than 10% in value.
Bitcoin, revisiting the $65,000 support level, tested the support yet again.
Now we can see the market recovering nicely, but now is not the time to get ahead of ourselves, the bearish short term price movement might not be over just yet.
So why do I say that?
Bitcoin has yet to show us any bullish movement, breaking the $67,500 level might be a sign of a reversal.
Until then, I do see a possibility of us visiting the $60,000 mark, signaling a bearish continuation, with altcoins taking a bigger substantial hit to their price.
But I do think that that would be the bottom for the short term.
After that, I do see the bulls taking over, and with that, Bitcoin starts its rally to the upside and even new all-time highs.
The point of this post is so that you all don't blindly enter the market thinking that another crash is unlikely.
Use these crashes as entry points, as even now I believe they are good prices for the long term!
P.S. In the ultimate bearish case, which I believe is highly unlikely but still a possibility, Bitcoin may visit the $57,000 mark.
Bitcoin and the crypto space are dumping; fear is slowly setting in. Many people are starting to think something is wrong. 😱😓
I know these times can be challenging, but this has all happened before. 💪😤
The crypto space is reacting as it naturally should, just like the 2020 bull run. 🐂🎯
The thing that clouds most people's vision is Bitcoin's early parabolic run to a new all-time high, something we haven't seen before. 👀💸
Of course, we haven’t seen anything like that before, but as we all know, the main part of that price movement is the Bitcoin ETF. 💯🔥
If it weren't for the ETF, I do believe we would still be trading at around $35,000, and we would still be waiting for the bull run to start post-Bitcoin halving. 🐢
The ETFs have led people to believe that the bull run started early when, in fact, the bull run has yet to officially begin. ⛔️🚨
Ethereum and altcoins have historically had massive selloffs just after the Bitcoin halving, and massive volatility for months after. ⏳️
Do not let the ETFs cloud your judgment; we are still on course for the super bull. 🚀📈
Yesterday, a gentleman in the comments asked me a wonderful question, so this post goes out to him. 😊
DCA or dollar-cost averaging is a wonderful tool, especially when Bitcoin and the rest of the crypto market are in this downtrend. 💰📈
So, what is DCA? 🤔
Well, by definition, dollar-cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. 💰📈
With this investment type, you take possibility out of the question. 💸
With this technique, you emphasize time in the market rather than timing the market. ⏳️🕝
When you start, you need to see what budget makes sense, and from then on periodically put a fixed amount of money from the budget into the investment you want. 🧙♂️🚀
You can take this even a step further; you can do this by deciding to put money in the market every time the price of the investment goes down by more than 10%. 🚨🔥
This technique is amazing, even if you are a well-seasoned investor or trader! 📈💰
Take advantage of it, use it, and see the profit you will make from it. 💯
Today, I wanted to look at liquidity positions on the blockchain for Bitcoin. What I found gave me a good idea of where the price might go! 📊👀
As we all know, market makers make their living by taking liquidity. This is their way of keeping the price stable and shaking out the traders. 🚨
Well, with that said, I can see a large liquidation level around the $73,500 mark. 😮
As that is the only big liquidation level left, I do believe that the next big price movement will be toward this level, eventually taking Bitcoin to new highs. 💸🔥
The Ethereum ETFs that are speculated to open for trading sometime in July will only enhance the bullish price movement. 🚀📈
P.S. The ETFs might just be the ignition that sets off the altcoin fire. 🔥👑
So where are we now, while the entire crypto space is crashing? 🤔
The way I see it, the next bullish momentum may come when the Ethereum ETFs are approved and start trading. 📈
Until that date, I do think the price will be in a prolonged accumulation with regular testing of the support and resistance lines. 📊
Mostly following the price movement of Bitcoin, as the dominant force in the crypto space. 👑
But what about the altcoins? 🤔
Well, as I see the US elections coming, I do think that that would be a prime time for a run to the upside, and with market sentiment getting better if Trump wins. 🇺🇸
Then I think altcoins will show life and go on a run themselves. 🚀
As I mentioned in a previous post, yesterday was a day that would determine the direction the price was going to take. 👀
The first news we received yesterday was the inflation rate, which came in lower than expected, giving us bullish momentum to push the price up. 🚀
But as I said, we should wait for all of the news to unfold by the end of the day. ⌛️
With that, the further news we received was underwhelming and pushed the price down, signaling a bearish price movement in the short term. 📉
Now we enter a more stable environment, but it is still volatile. 🎢
As I see this price movement, we might retest some lower prices as time goes by, giving us a good opportunity to buy some projects at a discount. 🛒
The one thing that really makes me uncertain about all of this is that there are a lot of liquidations at the all-time high level, so keep an eye out for that. 👀
All in all, the super bull is loading, be ready! 💪
As I said, today is key for the price movement ahead. The price of Bitcoin jumped $3,000 in the moment the news dropped. 👀💰
Again, today is a volatile day. With inflation falling to 3.3%, investors and whales received a signal to buy into the market, making this pump a reality. 📈🐳
Still, let's not get ahead of ourselves. The day has only just begun, and more information is needed. But if we receive more bullish news, I have no doubt things are going to get really interesting, really soon. 🤔🧐
So with this said, we wait for more information and act accordingly. By the end of the day, we will know the market sentiment for the short term! 📊💡
Today's the day, June 12th! 👀 Most investors have been waiting for this! 📈
We'll see how next month plays out, giving either the bulls or bears an advantage for now. 🐂🐻
As crypto investors, we must stay vigilant! 🧐 We need to be ready for volatility, whether it's up or down. 🎢
But let's not forget our plan, vision, and the life-changing opportunity ahead! 🚀
As Robert Kiyosaki said, "Bitcoin is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I save Bitcoin because it does the hard work for me." 💸🙏
Always strive to learn from people who are living your dream. They have already paved the way for you to become that! 🔥