BitcoinUpdated Bitcoin - The little engine that couldNT
Whats up traders -
Everyone is positing this same chart, with the same nonsensical rational as to a bull case for crypto.
1.) the stock market is crashing
2.) Money flowing back into crypto
3.) institutional money coming into crypto
4.) H&S, Bull Flag, RSI low, yada yada yada
This is is NOT magic. Price Action is NOT purely technical. It is also fundamental.
Do you know what NVT is?
NO it is not the magic drug from limitless. It is Network Value per transaction. Familiarize yourself with it as it is one of the best fundamental tools out there being used to value crypto.
We need real news in crypto.
We need real use cases in crypto.
sadly, we need regulation in crypto.
Everyone is positing this same chart, with the same nonsensical rational as to a bull case for crypto.
1.) the stock market is crashing
2.) Money flowing back into crypto
3.) institutional money coming into crypto
4.) H&S, Bull Flag, RSI low, yada yada yada
This is is NOT magic. Price Action is NOT purely technical. It is also fundamental.
Do you know what NVT is?
NO it is not the magic drug from limitless. It is Network Value per transaction. Familiarize yourself with it as it is one of the best fundamental tools out there being used to value crypto.
We need real news in crypto.
We need real use cases in crypto.
sadly, we need regulation in crypto.
Note
No news on crypto = bad news. . . . We need those use cases. We need big vendors that want to use crypto for electronic payment systems.
We need regulation despite what many think. Regulation will make the waters safe enough for the big time institutional money to feel warm and safe.
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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.
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.