Hi.
It’s another week and bitcoin is still not looking great. Actually started the week in a bad way.
We see a lot of FUD, especially with China’s latest crackdown on mining.
Ultimately, a lot of Chinese mining businesses will have to move. Some may not and this can cause short-term sell pressure as some might choose to completely exit crypto.
It’s an opportunity for those in supportive regions to set up mining facilities.
Ultimately this is bullish long-term, but bearish short-term.
If you watch my Youtube videos, you’ll understand my stance about the current market condition. We simply need to go above the 200 moving average- otherwise, we’re going to keep chopping sideways.
It’s a boring market and boring markets aren’t good to trade. We could have the death cross, there could be a fake out. So keep a keen eye.
Meanwhile, you can find time to get off the market and work on other things you love while waiting for key buy areas that I’ve identified in the CRYPTO CYCLE BLUEPRINT.
In case you didn’t know about the CCB already, that’s where I detailedly explored the entire crypto cycles, showing repetitive patterns, buy and sell zones for bull and bear case. This will help you know exactly where to start buying like the big money (should the market continue dumping).
GET the CRYPTO CYCLE BLUEPRINT HERE!
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