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AIZEL ANALYSIS
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AIZEL ANALYSIS
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BTC following my squiggly nicely no sweep of $49k â expecting the chop to end within a week or two and then we march towards new highs in Q4 đ§ââïž
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TRADER VS ANALYST Sure! Here's a simpler version: Being a financial analyst and a trader are different. Analysts try to predict prices, while traders try to make money. Just because you're good at guessing prices doesn't mean you'll be good at trading. Some people are great at predicting prices but terrible at managing money and emotions. It's important to listen to experienced folks and be careful with trading, especially things like Futures, because you could lose a lot of money. Thanks for reading!
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BIG PLAYERS IN BITCOIN!!! To understand what big institutions are doing with Bitcoin, you can follow a chart called GBTC. GBTC shows how much institutions are investing in Bitcoin. When institutions buy or sell Bitcoin, it often affects the whole market. By watching GBTC, you can get an idea of where the market might go next. Also, because GBTC trades in a different market with breaks, it creates gaps in the chart. These gaps usually get filled later on, so they can help predict where prices might go. Just keep an eye on GBTC, and it could help you make better decisions about Bitcoin. Thanks for reading
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ALTSEASON!!! Sure, an altseason means that many cryptocurrencies, other than Bitcoin, are doing really well. It's like when there's a sale on lots of different items in a store, and people rush to buy them because they're cheaper or growing in value quickly. To spot an altseason, you can watch something called Bitcoin Dominance, which shows how much of the total cryptocurrency market is owned by Bitcoin. When Bitcoin's dominance drops, it means people are buying more altcoins. This usually happens when Bitcoin's price isn't changing much. Altseasons usually last a few weeks and can happen multiple times when the overall cryptocurrency market is doing well. To take advantage of altseasons, it's a good idea to invest in altcoins before their prices go up a lot. Thanks for reading
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Dogecoin went down a lot, but it bounced back by 38%, showing a new positive trend. If it keeps doing well, it might form a bull flag, which is good news for Dogecoin fans.
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