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#Investing #Crypto #Altcoins
What’s good E.T Fam?! Today has been a pretty chill day for the market. We saw a very slight uptick with BTC, a moderate uptick with ETH, and nothing too crazy with other altcoins. Things are business as usual for the most part….or are they? We’re all trying to determine whether we are in recovery mode, or if we’re seeing the makings of a dead cat bounce. One of the best tools to use in determining this is on-chain data.
Upon review, guess what it shows? Whales and long term holders bought the friggin dip. It seems to be that this whole event can be chalked up to whales playing whale games. Don’t believe the hype. We are still macro bullish.
However, you all must still exercise caution and discipline. DCA (dollar cost averaging) should be your best friend right now if you’re looking to take any positions. We aren’t sure when the market can turn….or when the next round of Whale Games will kick off. Plus, it is my belief that the movement of the is very different from previous cycles. The 2017 and 2013 cycles that we’ve grown accustomed to might be an ancient concept.
No worries though. That just means that we have to make wiser decisions. The most important thing to remember is to not be shaken out of the market due to manipulation. Talk to you all soon!
00:00 – Intro
01:09 – Behind the thumbnails lies valuable information
02:02 – Extreme fear followed by bullish bounce in the markets
03:33 – Max pain is supercycle
04:11 – Whale manipulation
05:08 – Where are the opportunities right now?
06:36 – Network effect in the crypto gaming industry
07:06 – Be prepared for high volatility
08:02 – Cardano’s SundaeSwap
09:04 – Superfarm news
09:46 – Outro
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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