💥 Robert Kiyosaki - I invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto.
The $BTC Death Cross is officially in. Historically, this ominous signal has often marked a local low before a strong bounce, acting more as a lagging confirmation of prior weakness than a predictive crash.
Future Watch: Bounce Time: Watch the next - approx 7 days. A strong reversal here suggests the cycle is not over and the Death Cross was the shakeout.
Failed Bounce: If we see no significant bounce, expect more downside before a potential rally (likely to the 200D SMA) which could set a macro lower high.
Past Lesson: Don't panic. Death Crosses can be bear traps. The market is giving us a clear ultimatum: bounce now or face another leg down.
Trade the market you have, not the market you want.
Anthony Scaramucci briefly served as the White House’s communications director in President Donald Trump’s first administration, but soon after became a prominent critic of the commander- in-chief. Still, that hasn’t stopped the SkyBridge Capital founder and his son, AJ Scaramucci, from backing American Bitcoin, the Bitcoin miner that counts the President’s sons Eric as a cofounder and Donald Jr. as an investor. Solari Capital, an investment firm founded by AJ Scaramucci, led a July $220 million funding round in the Trump family firm, the Scaramuccis told Fortune.