After many weeks of bullish closes, today we have an uncertain close.
In candle stick world this known as dogi candle. This is neither bullish nor bearish by its own. It’s reflects an indecisive situation among buyers and sellers.
Also it’s worth noting that we are at prior cycle ATH, which can be a great support based on technical analysis.
Current week will be very crucial as this week Candle will confirm if it’s a reversal or continuation.
If you have an understanding of macro economics, you know this is a very important week as well.
Also don’t forget our Red Packet code if you have not claimed BPR9OSPI52
#🚀 Embarking on a New Investment Journey Towards 2025 🌟
As we navigate through the ever-evolving landscape of digital assets, I'm excited to share with you my journey and insights as we approach the next pivotal cycle in 2025. With a background deeply rooted in the financial sector, my transition into the world of digital assets in late 2018 marked the beginning of a thrilling exploration into uncharted territories.
My approach has always been driven by fundamental analysis. I believe that the true value of digital assets lies beyond the immediate fluctuations, in the transformative potential they hold for our future.
As part of my commitment to sharing knowledge and fostering an informed community, I have curated a watchlist for the 2025 cycle, which you can find on my profile. In this cycle, my focus gravitates towards emerging trends that are poised to redefine the digital landscape, including AI, DePINs, and RWA.
With the Bitcoin Halving just 36 days away(CMC), the market has witnessed a noteworthy 55% price surge since my previous analysis(W6), defying earlier expectations. During Weeks 9 and 10, Bitcoin's price embarked on a robust uptrend, which was supported by volume.
Currently, Bitcoin is trading just shy of its previous all-time high (ATH), a level that might present formidable resistance. There's potential for selling pressure around these highs as early investors may seek to realize profits. However, recent candlestick formations have not demonstrated significant upper shadows, suggesting that the bullish momentum is holding strong with buyers maintaining market command.
The Relative Strength Index (RSI) has crested the 70 mark, signaling that Bitcoin is in overbought territory. Such readings often lead to price corrections or at least a period of consolidation.
If you are trade this volatility, a good entry point would be an approach would involve waiting for a dip or a spike , offering a better risk-reward ratio. Stop-loss is a must at these times.
Additional Notes: Macro factors and market news should also be monitored, as they can significantly impact cryptocurrency prices.
🚀 Embrace the Future: Exploring Growth and Opportunities in Crypto 🚀 As the digital landscape continues to evolve, one phenomenon has captured the attention of investors worldwide: cryptocurrency. 🌐 💡 Why the buzz? Cryptocurrency represents a paradigm shift in the way we perceive and interact with money. Born out of blockchain technology, it offers decentralization, security, and transparency like never before. 🛡️ 📈 Explosive Growth: The growth trajectory of cryptocurrencies has been nothing short of remarkable. Bitcoin, the pioneer in this space, has seen staggering gains over the years, paving the way for a multitude of altcoins and tokens. This exponential growth is not merely a speculative bubble; it's a testament to the growing acceptance and adoption of digital currencies. 💰 🌍 Global Opportunities: Cryptocurrency knows no borders. With its borderless nature, it opens up a world of opportunities for investors globally. Whether you're in Silicon Valley or Mumbai, the same investment opportunities are at your fingertips. This global accessibility democratizes finance, empowering individuals from all walks of life to participate in the digital economy. 🌐 🔍 Exploring the Possibilities: Beyond just investment, the potential applications of blockchain and cryptocurrency are vast. From decentralized finance (DeFi) and non-fungible tokens (NFTs) to supply chain management and digital identity, blockchain technology is disrupting traditional industries and unlocking new possibilities. The opportunities for innovation are boundless. 💡 🚀 Seize the Moment: In this dynamic landscape, staying informed and seizing opportunities is key. Whether you're a seasoned investor or a curious newcomer, understanding the intricacies of crypto investing can set you on a path to financial success. 💼 Ready to dive in? Let's explore the world of cryptocurrency together! Drop me a message to schedule a chat and uncover how you can harness the power of digital assets for your financial future. 🚀 #Crypto #Investing #Blockchain #DigitalAssets #FinancialFreedom
Fidelity Investments suggests allocating up to 3% of your portfolio to cryptocurrency. But the question remains – how much should you really invest?
Here's my personal recommendation: Start with a conservative 1% and gradually increase it over time. By doing so, you'll gain valuable experience and insights into the crypto market dynamics, especially after witnessing one halving cycle.
If you're looking to design your digital assets portfolio or need guidance on crypto investments, I'm offering a free 30-minute consultation to help you get started on the right track.
And always keep these two golden rules of investing in mind:
Invest only what you can afford to lose. Diversify your investments – don't put all your eggs in one basket. Let's navigate the world of crypto investments together! 💰🚀
Creating a strategic Game Plan for Investing in Digital Assets is essential for navigating the volatile digital finance landscape. It begins with defining financial goals, understanding risk tolerance, and conducting thorough research on cryptocurrencies, NFTs, and blockchain technologies. Diversification across various digital assets helps mitigate risks, while effective risk management techniques, such as setting stop-loss orders, safeguard investments. Consulting with financial advisors experienced in digital assets can refine strategies. Security measures, including using reputable wallets and two-factor authentication, are crucial to protect investments. This holistic approach ensures informed decision-making and the successful achievement of investment objectives in the digital asset market.
Examining the weekly chart, there are a lot of interesting observations as the Halving approaches in less than 10 weeks. The price is forming a triangle pattern just below a major resistance level. A sell-off candle followed by a buy back candle cleared the weak hand liquidity within a 3-week span. Currently, the price bar is consolidating into a triangle edge, which may result in a major breakout. The RSI has been in the oversold territory but is losing strength. Predicting the direction is challenging, but my money is leaning towards the downside.
Revolutionary Inventions: The Top 5 Innovations of the Modern Era
The Internet
The internet has revolutionized the way we communicate, access information, and conduct business. Developed in the late 20th century, the internet allows people from around the world to connect and share information in real-time. It has also spawned new industries and transformed existing ones, such as e-commerce and social media.
This image depicts a person using a laptop computer, with various icons and symbols representing different online platforms and services. The background
Smart Money Comcept (SMC )is a trendy trading method among forex/crypto today! Similarly investing also has a Smart Money Concept.
This is done by doing a deep review of the investment portfolio of major venture capital firms in crypto. Retail investors can risk-adjust their own investment portfolio.
These 5 major Digital Assets VC firms have invested over $20 Billion USD among 350+ projects. This is an indication of stability and future growth in blockchain technology.
a16z Crypto invested $7 Billion USD in 150+ Projects
Binance Labs invested $7 Billion USD in 150+ Projects
Multicoin Capital invested $3 Billion USD in 100+ Projects
Pantera invested $2.5 Billion USD in 250 Projects
Coinbase Ventures invested $1.5 Billion USD in 350+ Projects