A Fresh Start!
As we enter into another week, I decided to catch another early morning start down on the beach. The weather is definitely not as fair as last week, but still provides an amazing start to the day! A little overcast, but simultaneously moody, which has its own unique charm.
Every now and again the sun breaks through and creates a sparkle across the water. The ocean has always been a place of solace for me. There's nothing like the rhythmic crashing of the ocean waves. It's always a great place to start the day. It has a way of rejuvenating and refreshing you for the day ahead.
We had a fairly positive weekend in regard to the Crypto market. It's good to see that the $25K zone held... and not only that, but we are currently above $26K. Who knows what surprises we have in store this week? There is a fair amount of optimism in regard to the BlackRock Bitcoin ETF. Strangely enough, my journey in the world of finances began with ETFs.
This was approximately 15 years ago, or so. As I mentioned in my previous article, I envision this as the period of "safe accumulation". As I mentioned, accumulation, once a bottoming formation is in place is a lot safer for accumulation. Even if there are collapses, the existing bottoming structure plays a significant role, psychologically, for buyers to come in.
When you are in a market that is experiencing a continued downward trend, buying is quite simply, catching a falling knife. This is now the period when more experienced investors will be accumulating. Above the lows, with a bottom in place... and significantly below previous highs, not to mention the new highs that are yet to be seen.
It's great to be down on the beach, clearing my head and preparing for the week ahead. I am actually writing this article as I am sitting here on this bench... looking out at the sea.
Anyway, I am off to grab a morning coffee and get this week started. Have a great week! Let's see what the week has in store... all the best! See you next time!
