After weeks of warning traders that bitcoin was going to dump hard because of a major technical break, the largest crypto has hit our first short target. $20,000 is a major zone people have been watching as it was the previous highs back in 2017. A picture is worth a thousand words, so the weekly… Read More »Bitcoin hits our first target! Is $12,000 next?
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How things have changed for crypto’s! The crypto market has went from a high of $3 Trillion in November 2021 to now under $1 Trillion! Bitcoin itself has fallen nearly 70% from its all-time high in November 2021. Some are saying this is crypto’s “Long Term Capital Management” moment. A highly leveraged hedge fund that… Read More »Bitcoin crash! Is $12,000 next?
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I am not too popular with the Bitcoin crowd after warning Bitcoin bulls that the crypto, and other cryptocurrencies, move as a RISK ON asset. For more on this, check out this article where I provide a real life case study of gold vs bitcoin pertaining to the Japanese Yen. Guess which asset Japanese money… Read More »Is Bitcoin heading below $30,000?
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Just last week, I put out my cryptocurrency 2022 outlook. In said outlook, I said something which might have ticked off some crypto bulls. In my opinion, and well we have the evidence right in front of our eyes, Bitcoin and other cryptocurrencies still move as a risk on asset. They do not act as… Read More »Bitcoin Continues to Act as a Risk On Asset, Testing Major Support
The post Bitcoin Continues to Act as a Risk On Asset, Testing Major Support appeared first on Equity.Guru.
Just last week, I put out my cryptocurrency 2022 outlook. In said outlook, I said something which might have ticked off some crypto bulls. In my opinion, and well we have the evidence right in front of our eyes, Bitcoin and other cryptocurrencies still move as a risk on asset. They do not act as… Read More »Bitcoin Continues to Act as a Risk On Asset, Testing Major Support
The post Bitcoin Continues to Act as a Risk On Asset, Testing Major Support appeared first on Equity.Guru.
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