So, there was an exec order by the president just recently, and Cryptos were shooting up to the moon that day. I look on CNBC and there's so-called experts talking about how this is just the very start of a whole new bullrun in crypto because of the exec order and blah blah blah everyone's now going to come into crypto and it's got 15x higher to go now, blah blah blah. And yet... it's been in the red ever since that announcement... What happened? LOL
What else? The usual CNBC lies and disinformation. CNBC is there to mislead the retail traders, not to help them.
Even though that was bullish news, there is still A LOT of bear news out right now, which I am even surprised the crypto markets have been doing this well. We got stocks dropping, we got a war going on, even the technicals on the charts can look bearish. However the war has probably helped the market, the federal interest rates will go higher, also a bunch of countries are unbanning Bitcoin. So sit tight and wait for the dust to settle.
I am still accumulating ETH on the way down with lots of discounts and I'm selling CALLs along the way as well. Still trying to keep a lot of dry powder ready for the US equities sell-off. We've only seen the start of the failing foundation. On the flip side, loans are still relatively cheap, so the US markets can remain over-valued for a while still. Exactly..