January 29, 2022
BOTTOMS UP!
That’s what we in crypto are looking for! Or should we say…. Bottom! (Now) Up!
I have seen a great deal of the various Crypto YouTubers go through various dances to determine the bottom of this market. And yes, there are so many incredible variables, the Fed being the latest. In this blog, we will go through a few variations of reactions to the “Where’s the bottom?” question.
One of my past advisory accounts called the bottom as a kind of absolute four times, addressing the matter generally through Technical Analysis. Sometimes it seems to me there are many YouTubers who pride themselves on their TA- and their followers seemed comfortable, perhaps even enthralled with that approach.
Yet, the reality is, that no matter what their personal consensus on the future is- they always give themselves a possible out- because TA is a statistical technique, bolstered by a certain amount of intuition. So far the bull market is going to skyrocket, the entire Crypto space is about to fall, the whole space, including Crypto, is going to yo-yo up and down forever (I haven’t really heard that one).
NO MOTION TO THE OCEAN!
The Fed conditions a lot with its markets- and in this video, Ellio Trading notes that the preliminary announcement before the Fed presented a seemingly dovish view- that things were going to remain the same. No big interest rates heights to control inflation and that the markets, particularly in this instance, Crypto, would not be affected. But then in the televised view of the conference- during the questions- things became more hawkish. Inflation seems to have cooled a lot but it is still ticking upwards. Therefore, there could be future hikes, which would effect the crypto market, specifically BitCoin, which is geared to be responsive to inflation- and, if this is controlled, it will not encourage higher movement by BitCoin. In his view, everything, including the timetable for Crypto market growth, is “iffy.” There is “no motion to the ocean.” Still, Ellio Trade gives his optimistic view of NFTs, especially those connecting to gaming- and how they will fare in a bear market.
Here is Ellio Trade’s thoughts a few days ago after the Fed spoke.
ALL IN!
If there’s one commentator that I always like, it’s Chris of M&M Crypto, a multi-millionaire BitCoin bull who always puts his audience and their needs before what would think would be a chronic need for rest- although often in some of the fanciest, upscale environments of the Crypto space.
In this video, Chris announces that he is now producing a very unique video, one that will establish his view of the destiny of BitCoin over the next few months. In order to really take a peek into the future, instead of zooming in on charts with a short-term view, why not zoom out and see the patterns that might suggest the future. Chris does also manage to convey his deep feelings in a continuous display of dramatic facial convolutions (another thing I love about him. He may be all in- but this is still a somewhat bearish scenario.
Need a book about your business? Here’s what we can do for you…. the most exciting business card ever!
SHOULD WE JUST GIVE IT ALL UP? (KRAMER SEEMS TO THINK SO)
Yes, this another CryptosRUs video- including a comment or two on Kramer’s recent comments. How can I not put it here? George is so utterly lucid about what and why he thinks about the future of BitCoin. He tends to look at the Big Picture and I think he gives his viewers their full value.
If you are interested in George’s videos, I suggest a subscription is in order.
If you subscribe, you can find many ways to connect with George. Here are two:
Join Patreon for Exclusive Content and Discord https://www.patreon.com/cryptosrus
➡️Check out the latest News, Articles, and Guides: https://cryptosrus.com/
Now here is a very special treat for you who didn’t see it. In this next video of UpOnly, Cobie & Ledger talk to Michael Saylor, CEO of MicroStrategy, and one of the biggest advocates for Bitcoin in the world. Listening to Michael talk about his early non-flirtation with BitCoin and his eventual adopting of Crypto does provide some exciting and highly entertaining moments. The reason he actually entered into the BitCoin market was that he felt compelled to. Is that really possible? Listen to his story.
We will be discussing more in the next exciting adventure in the Crypto Galaxy. Thank you for visiting..
DISCLAIMER:
In our New Galaxy Blogs, we share various types of videos for you to scrutinize. Unless we specifically say so, we do not necessarily agree with their content, in whole or in part. Sometimes, we will present written or audio/video material concerned with health or financial issues. We always recommend that before you try anything, you check with your medical or certified health professional before engaging in a health protocol- and with your best qualified financial advisor before embarking on any financial adventure,
