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Grace retweeted
Altcoins' leverage dominance has hit its highest level in 2.5 years.
This looks like euphoria.
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A new crypto cycle is about to start with proxy stocks and ETFs ready to moon if ZEC actually hits 10k that ETF is a guaranteed multiplier
The new $BTC cycle begins soon.
It's probably best not to miss out on the treasury plays?
$ASST or $MSTR for Bitcoin
$CYPH for $ZEC
There are proxies for $HYPE, $NEAR, and $SOL as well.
Happy to share my personal list if you guys are interested?
And if you're going for "safer" trades, buying the underlying asset without leverage is the way to go...
$IBIT ETF for Bitcoin
$ETHA ETF for Ethereum
$ZCSH ETF for Zcash
And so on.
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History can offer some clues, but the market doesn’t simply repeat itself. I focus more on BTC’s long-term trend and fundamentals. Short-term volatility is just part of investing
$BTC did this exact setup during the 2022 bear market.
What came next?
A 20% candle straight down.
Are we about to see it again?
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Grace retweeted
$BTC weekly candle is just insane.
Breaking above every resistance level like it's nothing.
Now, Bitcoin is moving towards its $78,000-$80,000 resistance zone.
A reclaim of this will confirm the end of this bear market.
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Grace retweeted
$BTC held above the $62,000 level and is now bouncing back.
For strong bullish momentum, Bitcoin needs to break above $65,500.
And if BTC loses the $61,900 level, it could drop to $59,000-$60,000.
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Grace retweeted
$BTC I think $67K eventually gets reclaimed, and once it does, the move toward $73K could happen fast. We'll get very clean trade setups.
I'm no longer positioning around $50K targets. In my view, that takes a genuine worst-case scenario.
The risk is increasingly shifting to the upside.
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Grace retweeted
$BTC has gone nowhere in the last 2 months.
Summer Rally ❎
Boring Summer ✅
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