chart on fire

Some big, unique movements in the markets


Bitcoin last 10 days

 

Here we see the Bitcoin chart for the past 10 days.

 

The volume is just beginning to go up again after a lull.  The lull in trading volume came after several large spikes in volume, notably back during the $3500 dip that took place on the 8th, the $3000 slide on the 9th, it's $1300 rise on the 10th, and about $1000 drop on the 11th.  Since then, it has been mostly flattening, with just barely an overall upwards trend for the past few days.

 

Looking at this BTC chart, in combination with DOGE and SHIB and ETH and and the markets in general, it appears that we are about to see BTC jump back up to over $21k in a short while.

 

There is a tension that is building in the markets right now, which is a culmination of a lot of things that have happened in a short period of time, on top of many things which have been a long time coming.  It is just as likely that we can expect $1000 - $10,000 swings in Bitcoin value upwards as we can expect them downwards, as the volume of trading picks back up here heading into next week.  

 

As the amount of people who are trading and paying attention increases, there is going to be more volatility.  The volatility is a good thing for people who trade on a regular basis, and it doesn't matter much whether the markets are going up or down, because for the trader who is vigilant, volatility means profit.

 

It does appear that we are in for an up-and-down roller coaster of a ride here in the near future, which is going to continue shaking some peoples' resolve to trade in crypto, but for others, it's going to draw them in, and I think that there are a lot of people on the outside who are looking at the drop in prices, thinking that this is their last chance to get in to crypto while the prices have dipped, in hopes of catching the next rocket to the Moon.

 

There are very many motivated people who have spent a lot of money, a lot of time, a lot of effort, and a lot of thinking to put together new crypto ecosystems which a lot of them are deflating and deflated at the moment, from having lots of people or money, but when the tide changes and everything goes back up, they're going to be hopping in the profits, and the wheels and gears will be spinning and the lights will blink and flash to welcome people in.

 

We are actually on the verge of the next greatest rise in the values of cryptocurrencies, but it is in the context of so much "else" that it is difficult to pinpoint whether it seems like cryptocurrencies or the internet at large are going to break before the next Moonshot or not.  I fully believe that the internet and/or cryptocurrencies will break, imminently so, due to many reasons which I would be glad to discuss in detail at the right time.

 

If there is a sudden rise in value of cryptocurrencies, and the prices are rising astronomically, I think it is wise to pick a value beforehand, based on sober, methodical reasoning, as a goal, and then when your capital reaches that goal, whether it's a dollar amount or percentage gain, to seriously consider withdrawing a large portion of the capital into useable dollars or whatever local currency is in your country, so that you can enjoy some of your profits while you have them.  If you choose to leave some of your crypto in the markets to see how high it will go, be wary of the other side of the peak, and realize that there will be a day when it crashes down and loses more than 60% of its peak value.

 

If you wait to buy in until you see that crypto has doubled, you could still make some profit during this next Moonshot, but if you wait for it to quadruple, you are seriously minimizing how much potential profit you'll bring in, and you're risking getting on the train too late.  It's best to be in before it rises, and it's best to get out before it crashes.  This can be overly simplified, but it's worth stating here.  It is possible that somebody might read my words here and go and buy in tonight, and then the markets crash even further tomorrow, and they hate me for it.  These observations are based on experience that I have had observing and adjusting to the markets over the years, and so far what I have said has been accurate, but it is entirely possible that I might say something that turns out to be too short-sighted, or not on the right scale, and it ends up being totally wrong; and it is entirely possible that you could mis-understand something that I'm saying, or construe it to mean something in some other context than what I'm talking about it in, and that could cause some skewed understandings of whatever the topic is that was being discussed.

 

The people I'm writing to who will benefit the most from reading these words are people who have some money that they are solely responsible for, who can make their own decisions, and who is ready to trade for a goal of earning somewhere between 2% and 10% each day.  That's what my goal is, and if you follow this pattern, in less than 1 year you will be a multimillionaire, beginning with $250.  If you can add just 3% to your capital every day for a year, you'd be a multimillionaire months shy of a year.  I'm writing to people who can think for themselves, who are looking for opinions and perspectives to help them understand better some things that they already understand.

 

I believe that we are seeing the last season of the lowest prices for Bitcoin, and most all altcoins.  After this season, we enter into a season of high volatility, then a season of steady growth, leading to the next record high value above $70k, and the value will probably find a place where it will stagnate and enter into another short period of volatility before skyrocketing to maybe above a $quarter million per BTC.  I think it will go a little higher than that before settling down, but, it is entirely possible for it to go above $1million during this next run, for a short while.

 

Where it settles back down to is anyone's guess, with my current guess being somewhere around the $200k range for a year or more.  The future is less certain than the present, and presently it appears that the markets are stirring with just the right kind of activity to signal that there is a big movement ahead, and it's a good time to be watching your capital, and be ready to trade at the right time.

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fisherofmen
fisherofmen

an observer and reporter of grace and truth and love


Christian Observer Reporter
Christian Observer Reporter

Jesus Christ is Lord! This ministry is blessed by God to observe and report what is real and happening around us today, and to share God's Word among the nations, and to share the rest and contentment which comes from knowing Jesus Christ. ~ Except the Lord build the house, they labour in vain that build it: except the Lord keep the city, the watchman waketh but in vain. 2 It is vain for you to rise up early, to sit up late, to eat the bread of sorrows: for so he giveth his beloved sleep. Psalm 127.1-2

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