Crypto Market decoupling since November 2020!
Update on the Crypto Market ahead of Monday’s Nasdaq open
April 24, 2022, 15:00 UTC
The Smart Retail Investors, the Institutional (Crypto institutional, leaving behind the old world institutions that are not yet converted) and Whales are buying everything at these barging prices as the supply of the best quality coins are running dry!
Smart Retail Investor is keeping their quality coins once acquired and accumulating more on these emotional panic sales. As more traders understand the value of their coins and where the volatility comes from, the more the supply of quality coins will dry up. So as long as you have this type of ''emotional bi-polar Joe'' gambling on the pumps (and getting euphoric) and after panic sell dumps (and getting blue), this casino mindset will prevail and the day traders will have their feast.
The reality is that this bi-polar volatility will calm itself only when the real value of these quality coins is better understood by most Retail Investors. So for now it’s still Crypto far-west out there, so trade with discipline and stick to buying quality coins on which to stay long no matter what. Keep accumulating when panic sales occur. The reversal is happening just now and it’s a good time to invest for the long term.
The market is very emotional right now in crypto land and is seeing every temporary uptrend as a retracement to the main bearish trend in play since the fall from the 2nd wave high. My bold call is that all these BTC retracements are the start of the new bullish trend which will lead us to USD 70K by November 2022! Time will tell. Understand that the Crypto’s market cap at 1,8T USD is 64x bigger than Nasdaq’s market cap at 28B USD! Tomorrow will be a big test and we will see if the Crypto Market can start decupling from Nasdaq for good!
To be clear, my idea posts are all related to March 13, 2022, as being the start of the Crypto Market’s next 3rd big wave (unless 38295$ USD is broken). Please see my account on TradingView.com for all the details of my idea posts (you can have a free account there to follow me).
April 24, 2022, 15:00 UTC
The Smart Retail Investors, the Institutional (Crypto institutional, leaving behind the old world institutions that are not yet converted) and Whales are buying everything at these barging prices as the supply of the best quality coins are running dry!
Smart Retail Investor is keeping their quality coins once acquired and accumulating more on these emotional panic sales. As more traders understand the value of their coins and where the volatility comes from, the more the supply of quality coins will dry up. So as long as you have this type of ''emotional bi-polar Joe'' gambling on the pumps (and getting euphoric) and after panic sell dumps (and getting blue), this casino mindset will prevail and the day traders will have their feast.
The reality is that this bi-polar volatility will calm itself only when the real value of these quality coins is better understood by most Retail Investors. So for now it’s still Crypto far-west out there, so trade with discipline and stick to buying quality coins on which to stay long no matter what. Keep accumulating when panic sales occur. The reversal is happening just now and it’s a good time to invest for the long term.
The market is very emotional right now in crypto land and is seeing every temporary uptrend as a retracement to the main bearish trend in play since the fall from the 2nd wave high. My bold call is that all these BTC retracements are the start of the new bullish trend which will lead us to USD 70K by November 2022! Time will tell. Understand that the Crypto’s market cap at 1,8T USD is 64x bigger than Nasdaq’s market cap at 28B USD! Tomorrow will be a big test and we will see if the Crypto Market can start decupling from Nasdaq for good!
To be clear, my idea posts are all related to March 13, 2022, as being the start of the Crypto Market’s next 3rd big wave (unless 38295$ USD is broken). Please see my account on TradingView.com for all the details of my idea posts (you can have a free account there to follow me).
Catatan
Oops, my bad here, Nasdaq 100 at 17.5T market Cap (where Nasdaq Inc. is at 28B market Cap).... so Nasdaq market cap is 9.6x bigger than Crypto. The main message here is that as a separate market, is Crypto's performance is decoupling from Nasdaq 100. Sorry about this correction.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.