$BAKE possible trend break in the daily candle, low capitalization of having an upward movement would be incredible, it is only for a short-term operation, the monthly candle is bullish, very far from its ath, enough room to run.
$ENA , the daily chart shows an inverted hch, the break of the neck which would be the level of 0.94 would take us to highs, the formation it is doing is very good
$SOL $PEPE $PEOPLE They are my largest current holdings, the sustained movements and viability of their projects make them very attractive.
#people a lot of euphoria, but to put into context the market cap of less than 1 billion, it still has the possibility of making 2x without much problem, the monthly graph is bullish
#sol the most attractive project on the market, stabilization after the rise, waiting for a break at $185 to add to the position
#pepe of the coins memes the community around and the constant elimination of floating makes the potential very interesting
The hopes for the future of cryptocurrencies cannot depend on the approvals of an ETF or not, professional investors are already in cryptos, it does not depend on whether or not they can buy via ETFs, this is a situation of selling the news, the fundamentals are solid with or without approval. #Bitcoin #Ethereum #solana
Nvdia's corporate results could not be better, a substantial increase in the area of AI, this leaves us with a reflection on the different projects that are being carried out in this field every day, more efficiency will be sought in the different ecosystems, speed and trust will be priorities.$SOL $GRT $AGIX will be fundamental in this type of development. For me it is long-term buying, looking for entry levels and executing. I mentioned it in a previous post, create your investment thesis and execute it in the best way
Clear message from the FED, today inflation is more important than anything else, they know that rates at these levels will help reduce inflation a little. But the truth is this, the stimuli via printing of dollars during the pandemic is taking its toll, the dollar in the long term is bearish, it is simply a problem of supply and demand, there are more dollars in the economy that is why it is worth less, It will take many years to absorb that supply. All of the above makes the cryptocurrency market more bullish, the two presidential candidates know the importance of our community #Bitcoin #solana
Reviewing the charts, tomorrow $SOL is doing what would be expected after the consistent rise it has had these days, two very important levels, the breakout of the zone from 187 to 187 would make it add to my initial position. When looking at the monthly chart, the formation of the cup and handle looks promising, a breakout of the 202 to 205 zone would be the best thing that could happen to the asset.
When analysis is carried out on daily and monthly graphs, we have a better perspective of the real trend of an asset. Charts with shorter times are for short-term operations. Always apply the 4 times rule, that is, operations on daily charts the holding time should not be less than 4 days, monthly would be for long-term portfolios because the holding time should not be less than 4 months. Set your stop loss and take profit well
Tomorrow there is data from the Fed, the bias is in maintaining or lowering rates. Personally, I think that lowering rates with the current inflation situation would be negative in general for the economy. That is why cryptocurrencies are a long-term safeguard against inflation. #Bitcoin For example, having a limited supply of 21 million coins means that the principle that central banks have today of monetary issuance is controlled. #solana and #ETH , being sources of energy for their ecosystems, generate the need for projects that require them. The economy is changing, Fiat currencies have only lost value over time and cryptocurrencies are going to be a new type of investment that is here to stay.
I am very concerned about the irresponsible comments of many users, investing in general not only in cryptocurrencies is not a 0-sum game, it is not betting on roulette. You have to create an investment thesis, ask yourself why you are buying the different asset. For example, if you believe that the world of video games and tokens can capture the public's attention, look for the coins with the best correlation on the thesis and I bought, another example, if you believe in AI and think that it is something that is going to last over time, look for the coins with the best exposure and buy. No more attempts at 100x, 50x, these don't work out in the end. I am convinced of the hold, but with criteria, today the investment thesis of #Bitcoin has not changed therefore I am not selling, today the thesis of #solana is ratified with its evolution therefore I am not selling. In every portfolio there must be currencies to hold and currencies to buy and sell. Find your thesis and follow conviction
Two very important factors to consider at this moment in #solana . From the fundamental side, the developments and speed that it currently has are surpassing #ETH , I think it offers many solutions to current situations. From the technical side, the formation of the cup and handle figure is almost completed, I would buy the breakout of the previous maximum, for now caution until confirmation, if that breakout occurs the potential for appreciation would be very interesting
I introduce myself to the community, I have been a portfolio manager for more than 20 years in traditional assets and in the world of cryptocurrencies for more than 5 years. I look for projects with a long-term meaning, and I analyze them from the fundamental part, not leaving technical analysis aside. The opinions I give are from the perspective of a fund manager, long-term holdings, although in the market there are opportunities every day for leverage and I do short-term operations sporadically.
I give the following example so that you understand the large space for valuation that the crypto universe has. Since the approval of #Bitcoin ETFs, this has become a new category of investments. Institutional investors weight exposure by asset, that is, they invest in bonds, stocks, commodities and now cryptocurrencies, but they do not do so randomly. The investment depends on the risk profile of the portfolio they manage, with stocks and bonds being the majority of the weighting. Today, an asset that does not have a high weighting in portfolios such as Gold, has a market capitalization of 16t dollars, if we take this as the starting point of the analysis, and taking into account that #Bitcoin has a 50% control over the value of the crypto universe with a capitalization of 4t and that this control is maintained in the future, the fair price of #Bitcoin would be 4x from this point only weighting the 1% holding in traditional portfolios.
Today the crypto universe takes on daily relevance, it is possible that in a few years all portfolios will have some exposure, and if it does so in the weighting of risk assets, which should not exceed 5%, it is not unreasonable to think about a capitalization of 40t as market. In this case, and as Wall Street analysts say, 20t at #Bitcoin would be 670,000usd the bullish hypothesis. It will not happen overnight, but it will happen, with the short issuance, added to the percentage of bitcoins lost and the supply limit.
There is a lot of interest currently in meme coins. Doing a study on many of the current projects I find the greatest potential in #people. Although its initial beginning culminated, there are two incredible things that happened. The first and perhaps its greatest asset is the name, it is something scalable that is synonymous with democratization, the number of 100% issued tokens limiting the float, and the second and most important its current market capitalization, compared to #pepe or #FLOKI🔥 , is considerably lower . With enough interest and some community support a 3x or 4x could be a possibility.