Bitcoin is looking very bullish this morning; it crossed over twenty-seven thousand dollars and was making its way very close to 28, but it didn’t hit that yet right now.
Bitcoin is sitting at twenty-seven thousand, three hundred and forty-seven dollars, Ethereum is over 800 dollars, BNB is close to 344 dollars, XRP is just over 38 cents, and Cardano is just over 35 cents, so the market’s looking good, but nothing to write home about, I think right now.
We want to see what Bitcoin is going to do. Will it continue its upward trajectory and move to about $40-$50k, then roll over? That’s what it’s looking like. The charts look really good. Look at this really strong, very bullish weekly green candle. That looks great on the chart, and as you know, we’ve been talking about it for close to a year.
Now, you know, we’re expecting a trajectory similar to what took place in 2019 after the 2018 bear market, so my goal here is to take some profits off the table. You know, once Bitcoin crosses thirty thousand dollars, because there’s no guarantee, it’s going to go to forty or fifty.
I hope it does, you know, because that’ll make them more money, which will make me more money, of course, and then we can expect the capital to flow from Bitcoin to all coins.Â
This is how the market has behaved historically, so looking very good, and here’s what some analysts are saying, kind of confirming what I’ve been saying, as well as one is saying, “Bitcoin isn’t it amazing how Bitcoin repeats the structure of 2019 so far, I think Bitcoin isn’t done here, yet all coins will catch up heavily afterwards in my opinion,”.
So he shared some charts, and it’s looking very similar guys, I mean pretty amazing how it’s playing out, and here’s what another analyst has to say, “Bit macrodown trend breakouts tend to occur 365 to 397 days before the upcoming Bitcoin has history repeating itself, so one thing I want to make sure I let you all know, especially those of you who are new to the market, is that this is not guaranteed, this is not a certainty, this is a thesis, this is a scenario; there is a bearish scenario out there, but right now the charts look bullish and the patterns look like they will have in 2019.
I’m not telling you what to do with your crypto, I’m just sharing some principles it’s your decision, you have to do your own research but you know we have some rough times ahead I think, you know the SEC is going to continue to attack crypto.
We also have you know really bad macro economic situations, so it’s good to I think if you’re in the green you know and you’re making profits and you have some nice Capital that you can pull out from your crypto, I would say, Do It and I’ve shared a story before that, I’ve kicked myself a few times in hindsight for not taking profits when the market was running up, I did make money in the past two bull markets, but there were times when the market was down and there was a move up and I didn’t take the profits, I’m like man I should have took that, I should have took the cash because, then I could have reinvested that cash and bought more coins right use some of the profits to reinvest.
You know you’ve got to do your own research, but as a reminder, I’m sharing that from experience, and it’s up to you what you want to do with your crypto and your assets now. Some quick news here from Caitlyn Long, who I’ve had on the podcast a few times.
Well, the company is discussing alternative venues with trading clients because the regulatory banking climate for crypto firms in the US has soured, so can you believe that these companies want to expand and grow? But some of the businesses and some of the services they want to launch don’t have the regulatory clarity, so they’re going to launch them outside the US.Â
How pathetic is that? Not coin-base, but the US and the government and the regulators—many of them—are bought right like Elizabeth Warren. We know she’s working with short sellers, who are shorting the banks that collapse, and you know the regulators, like Gary Gentry and so forth, are getting paid off working for the incumbents, and that sucks right, and we’ve seen big time critics, excuse me, crypto critics, like Charlie Munger and Warren Buffett.
Who have unlimited amounts of money, I can’t imagine how much money they’re giving these folks right in DC to try to hurt crypto and slow it down, but as we’ve talked about, they can’t kill it, they can’t stop it.
Because the genie is outside the bottle and the train has left the station, my friends, they can’t stop this thing. But if they can’t, they can put up roadblocks. So, that’s what they’re trying to do, but can you believe this, you know, this business? These services should be in the United States.
