Hey Guys,
What a wild Monday! The channel just broke through 2m subscribers – so thank you to all of you!
However, the train keeps going and it's time for the weekly crypto review. I must caution though that the crypto market is moving faster than expected, so I apologise in advance if a few of my images are a bit off at the end of the video when I take a look and what's coming next.
It looks like we've broken out of the ascending triangle pattern everyone's been watching, and many crypto analysts estimate we'll see a pump to 53k in the coming weeks. I have a feeling we'll get temporarily rejected around 48k, which is the 200 day moving average.
The best part is that BTC's price is on track to form a golden cross on the 50 day and 200 day exponential moving average, and this is a sign we're headed for new all time highs (though a softer sign that the standard golden cross with regular moving averages).
If you're wondering exactly why the crypto market is pumping so hard, the answer seems to be Terra. The Luna Foundation Guard picked up over 2000 BTC overnight, and I cover exactly why they're buying and how much longer they'll be buying for in the video.
This is an episode you can't miss!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Upcoming Cardano Upgrade: https://iohk.io/en/blog/posts/2022/03…
► Terra UST – BTC Relationship: https://twitter.com/CryptoHarry_/stat…
► Luna Foundation Guard Bitcoin Wallet: https://blockchair.com/bitcoin/addres…
► Honduras Bitcoin “Not Regulated”: https://cointelegraph.com/news/bitcoi…
► Elon Musk Considering Social Media Platform: https://www.reuters.com/technology/el…
► Katie Haun Raises 1.5 Billion For VC Fund: https://cointelegraph.com/news/crypto…
► Coinbase Conforms To FATF: https://www.coindesk.com/business/202…
► Biden’s New Billionaire Tax: https://thehill.com/homenews/administ…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
