Bad News | The Truth About Tesla | DEX, CEX & More
The cryptocurrency market continues to be plagued with bad news yet Bitcoin's price aims at recovery.
This is a perfect textbook bottom reversal signal.
When the market produces bad news yet fails to move accordingly.
Instead of a crash we see Bitcoin challenging new resistances levels while it continue aiming higher.
Something to keep in mind though is the fact that it is normal to see retraces/corrections when a strong resistance level is hit.
Bitcoin just hit our first target at $24,100 so a retrace is possible;
Don't be surprised to see it go lower (still above $20,000) before it continues going up.
The Truth About Tesla Selling Its BTC
Remember that time when Elon Musk was talking about buying Twitter?
The hidden message was to sell the Tesla (TSLA) stocks. (See here)
April 14: "So if he is preparing to sell to fund his takeover bid, you should consider doing the same."
In a nutshell, SELL.
Now, what is the hidden message behind the current situation?
The fact that this information is being revealed now can only mean one thing:
It is time to buy Bitcoin.
Don't Kill The Messenger: Bitcoin Bears Go On Vacation
Bitcoins bears are being called to take a vacation.
They already had their moment from Dec. 2021 all the way to June 2022.
The cryptocurrency market is calling all bulls to buy, trade and hold.
The bears can take a break now and comeback in a few months after the bullish rally is done.
There is no point in going against the market...
The market moves in cycles, these cycles are composed of waves...
Up and down.. up and down... UP!
As the major altcoins retrace and consolidate, the smaller ones will grow.
When the retraces/consolidation phase is over, it switches back to Bitcoin and the major altcoins while the smaller ones take a break. This happens back and forth...
This process will last for a few months.
But, we still have the question mark...
Will the Fed rate hike kill the relief rally?
Your guess is as good as mine... "I don't think so!"
Eventually Bitcoin will detach from TradFi and continue Up, Up, UP!
You Can Trade Directly From Your Hardware Wallet
Decentralized exchanges are now directly linked with the most popular crypto/Bitcoin hardware wallets and you can trade using these.
You can safely hold your Bitcoins there, nobody can lock your funds and it feels really good because you control your own assets.
You can also download the wallet for your preferred altcoins and hold the coins in your phone/laptop/computer/tablet.
Not your keys, not your Bitcoins.
Well, you have the keys when you use a hardware or desktop wallet and trade through DEX (Decentralized Exchange).
Namaste.
This is a perfect textbook bottom reversal signal.
When the market produces bad news yet fails to move accordingly.
Instead of a crash we see Bitcoin challenging new resistances levels while it continue aiming higher.
Something to keep in mind though is the fact that it is normal to see retraces/corrections when a strong resistance level is hit.
Bitcoin just hit our first target at $24,100 so a retrace is possible;
Don't be surprised to see it go lower (still above $20,000) before it continues going up.
The Truth About Tesla Selling Its BTC
Remember that time when Elon Musk was talking about buying Twitter?
The hidden message was to sell the Tesla (TSLA) stocks. (See here)
April 14: "So if he is preparing to sell to fund his takeover bid, you should consider doing the same."
In a nutshell, SELL.
Now, what is the hidden message behind the current situation?
The fact that this information is being revealed now can only mean one thing:
It is time to buy Bitcoin.
Don't Kill The Messenger: Bitcoin Bears Go On Vacation
Bitcoins bears are being called to take a vacation.
They already had their moment from Dec. 2021 all the way to June 2022.
The cryptocurrency market is calling all bulls to buy, trade and hold.
The bears can take a break now and comeback in a few months after the bullish rally is done.
There is no point in going against the market...
The market moves in cycles, these cycles are composed of waves...
Up and down.. up and down... UP!
As the major altcoins retrace and consolidate, the smaller ones will grow.
When the retraces/consolidation phase is over, it switches back to Bitcoin and the major altcoins while the smaller ones take a break. This happens back and forth...
This process will last for a few months.
But, we still have the question mark...
Will the Fed rate hike kill the relief rally?
Your guess is as good as mine... "I don't think so!"
Eventually Bitcoin will detach from TradFi and continue Up, Up, UP!
You Can Trade Directly From Your Hardware Wallet
Decentralized exchanges are now directly linked with the most popular crypto/Bitcoin hardware wallets and you can trade using these.
You can safely hold your Bitcoins there, nobody can lock your funds and it feels really good because you control your own assets.
You can also download the wallet for your preferred altcoins and hold the coins in your phone/laptop/computer/tablet.
Not your keys, not your Bitcoins.
Well, you have the keys when you use a hardware or desktop wallet and trade through DEX (Decentralized Exchange).
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.