AdamDavis
2022-10-16

Still bullish on Bitcoins and Cryptos long-term, here is why.

#1 reason Wall-Street is too deeply involved in this asset class to fully decouple it, no matter what the true valuation is. In the short-term, and medium-term in bear markets, it will be pegged to Nasdaq.

Bitcoin is showing textbook macro bottom signs in a “business as usual” bear market, data suggests.

After we are out of bear markets, it will run on its own at a much faster pace than Equity markets.

‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low. Bitcoin market participants should not act on emotion, one trader advises as long-term data continues to fit with previous bear markets.

Eyeing the one-month stochastic chart for BTC/USD, Alan highlighted Bitcoin repeating a structure common to both the 2014 and 2018 bear markets.

$Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$

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Comments

  • boardy
    2022-10-17
    boardy
    completely agree
  • DannDann
    2022-10-18
    DannDann
    Excellent, good share. Thanks. Thumbs up 👍🏻👍
  • breAkdaWn
    2022-10-23
    breAkdaWn
    really hope you are right
  • CrissX
    2022-10-18
    CrissX
    Ok
  • CynthiaTeo
    2022-10-18
    CynthiaTeo
    Ok
  • Flowin
    2022-10-18
    Flowin
    👍
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