Hi everyone,
I want to keep everyone up-to-date of what is happening in the crypto world so I will show some interesting news that came out recently that should have a bullish outcome for cryptocurrencies.
The FED is contemplating a digital dollar
The Federal Reserve is in an experimentation phase to see if a central bank digital currency is something they want to use in the future. Whereas some years ago they laughed at cryptocurrencies, this time around they are contemplating it.
This should show you that Bitcoin and altcoins are on the right track and this is very bullish news for the longer run in my humble opinion. More and more countries are looking into digital currencies. The problem with these currencies will be centralization and the same people/institutions behind it that have been robbing money from you for a long time. Do you really want to embrace this or are you willing to embrace more decentralization and go for Bitcoin that is not controlled by governments, banks, etc. ?
Justin Sun of TRON finally had his lunch with Warren Buffett and Charlie Lee of Litecoin was there as well
After cancelling lunch with Warren Buffett for health reasons (was this really the reason ?), Justin Sun, the owner of TRON, has finally had his lunch with Warren Buffett (billionaire and always critical of Bitcoin and cryptocurrencies). Justin Sun payed a whopping 4.5 million dollars to win the bidding war for a lunch. Charlie Lee (Litecoin founder) was also present and this was a smart move from Justin. If this has let to Buffett looking into cryptocurrencies, I do not know, but maybe silently he is buying Bitcoin ? Buffett made a big mistake with Google and seeing this as some poison and something that will not work. Does he want to make a second big mistake in his life ? He already kind of did, because he was not invested in Bitcoin when it went from a couple of cents to 20.000$. This must have pissed him of a lot, but there is still time to win great money in crypto. This lunch might have given him some more insights and some more proof why he should invest in them. It would mean a lot of money going into crypto if he and his rich friends would decide to invest in it.
A lot of indicators for trading Bitcoin are green and are saying to go long
This is always dangerous and if the herd is too excited and screams bull run bull run, we often go the opposite direction, but there are quite some indicators pointing to a bull run in the making ! Here are some of them :
- Ichimoku is showing green on the daily. Price is above the cloud, above the Kijun line and is finally showing green which has let in the past to great gains in Bitcoin.
- Hash Ribbons have been showing a buy signal on the daily (and other time frames) since the end of December 2019 for Bitcoin and every time this indicator turns up (this does not happen often) it shows great gains.
- Gaussian channel has turned to green on multiple time frames and this is often very bullish as well !
All these things are good for crypto and this should lead to some interesting price action in the near future. Do not be surprised if price is going down in the next couple of weeks to visit low 8000’s (filling a CME gap as well around 8500 by the way) to cool down. Be prepared for multiple outcomes and have good risk management (stop loss) in case it goes against you, but for the longer term trend we are looking more and more shiny !
This is not financial advice and I am not a financial adviser. Do your own research and make your own decisions.
