I have been a crypto follower and analyst for a long time. I have seen wins from time to time and losses from time to time. Remember that gain and loss are brothers. Both must always exist.
I will share my analysis and positions to help you as much as I can.
Speculations are increasing over Gemini exchange's listing of Cardano (ADA). Although ADA's value has fallen recently, analysts are predicting a significant rally for the asset, with predictions going as high as $10 based on past performance. 📈🚀 After Gemini published a post praising Cardano and touching on its values, speculations began that ADA might soon be listed by Gemini. This can increase the visibility, accessibility, legitimacy and liquidity of the asset and attract more investors.
When the market recovers and the mega rally begins, $USTC peg will be corrected first to regain confidence. With the correction of the peg, $LUNC will return to the values it deserves and $LUNA will accompany it. As we always say, if Delist does not work, there is a reason and we will see this together with those who do not give up on their decision and believe.
I think that the market may go lower in the short term as a preparation for the halving period expected in mid-April and caution should be exercised in futures transactions.
In the long term, my expectation for a new record in the new year continues the same.
Famous Economist Peter Schiff Signaled the Explosion in Gold Price and the Breakdown in Bitcoin (BTC) Price.
Peter Schiff continues to warn about the Bitcoin price as gold prices increase. The famous name sparked discussions regarding the dynamics between the two entities. Schiff, a strong supporter of gold and critic of Bitcoin, recently shared his perspective on social media. The economist suggested that the rise in gold prices could indicate coming difficulties for Bitcoin (BTC). However, he shared his remarkable opinion with his followers.
“A breakout in the gold price could coincide with a breakout in the Bitcoin price. This makes sense, as Bitcoin pumpers are using gold's failure to break out to promote Bitcoin as a so-called digital alternative. But when the real product starts to perform, there is no need to settle for a cheap imitation.”
However, Peter Schiff points to a potential market shift where the rise in gold prices coincides with the decline in the value of Bitcoin. However, it is worth noting that this scenario is not necessarily a verdict on the superiority of one entity over another. The economist highlights the historical tendency for market participants to seek shelter in less risky assets during turbulent times. As gold prices rise, Schiff raises questions about whether BTC will face a decline. The ongoing debate around the roles of gold and Bitcoin in investment portfolios adds an element of curiosity to market discussions as investors closely follow the developments, especially the global economy.
I did not share my transactions today due to the sharp movements of Bitcoin. My expectation is that the sharp rise will lead to a correction movement in a horizontal direction.
After reaching a 6-month high near the $1.00 mark, the price of $MATIC entered a correction phase - this local movement can be represented by a descending trend line, and we see price compression below it.
Now, $MATIC encountered a strong reversal level at the 0.236 Fib ($0.7229). Here, we observe increased open interest, with sellers have failed to establish a foothold below it for the second time.
The stablecoin inflow indicator, coupled with the technical picture, signals an imminent increase in trading volume in an attempt to break the descending trend.
A move above this resistance with a confident consolidation will confirm the entry into a recovery phase.
🧑🏻💻 I've allocated 6% of my deposit to $MATIC. Targets for this trade are marked on the chart. #MATIC
6 Months Left to Bitcoin Halving; Is It Time to Buy Bitcoin?
Raoul Pal predicts a promising year 2024 for Bitcoin. Supported by bullish market indicators and the upcoming Bitcoin halving, the asset has the potential to outperform technology stocks.
Bitcoin may outperform investor Raul as he predicts a promising year in 2024. The analyst made this prediction based on market indicators and recent crypto market trends.
Pal's analysis suggests that crypto will experience massive growth, especially next year, citing data showing the possibility of an early recovery for growth assets such as NDX and crypto. He used the GMI Financial Conditions Index to estimate this positive trend.
Another analyst, Vetle Lunde from K33 Research, reported that there is a bullish trend in Bitcoin's future prices. He also drew attention to the high interest and price premiums on the Chicago Mercantile Exchange (CME).
Excitement is increasing as the April 2022 Bitcoin halving approaches, along with speculations about market performance. Analysts suggest that buying Bitcoin six months before the halving and selling it 18 months later could actually be profitable. They argue that this will help Bitcoin capitalize on the cyclical price movements surrounding the event.
Additionally, Stock-2-to-flow (S2F) model creator PlanB has an unpopular but reassuring BTC price prediction. PlanB emphasized in an X post that the Bitcoin price will never fall below the $35,000 level again. He presented a chart in which he argued that Bitcoin's valuation increased depending on its hashrate. Bitcoin is currently trading at $37,106.80, down 1.07% in the last 24 hours. Despite the comprehensive decline, the price of the asset is still 35.Seems far from dropping to $000 price level #BitcoinHalwing