Hi I am @Luueetang
If your reading this, Thank you. Stay safe and hope everything turns out well.
Img src: Tradingview
It's been a busy week. I have been busy learning, working , cleaning and developing my own state of mind.
One of the things I love to look at is the price of Bitcoin. As I have mentioned in earlier post that this is what I love.
Currently, Bitcoin is hovering at 9.1 K plus or minus. The above is my own chart analysis that I have on Tradingview. Looking at charts and studying the fundamentals have been my forte for many years.
It's like a doctor who wants to know if a patient is fine, he'll have a range of tools to analyse progress. Halving is gone and Bitcoin hasn't made it through 10 K. I am sure it would but it's not ready yet. Perhaps some more fuel needed. That fuel could come from Ether upgrade which is due anytime soon. Perhaps in June, 6 days from now moving from proof of work to proof of stake.
Do read this article.
https://www.crypto-news-flash.com/ethereum-core-devs-agree-to-delay-of-the-difficulty-bomb/
The next catalyst for a rally. How high? I am not sure. What I plan to do at the moment is to wait for Ethereum to drop low enough for me to buy. Nevertheless, it's going higher. The point where I am planning to buy into Ethereum is when Bitcoin blast through 9.3 k, maintains that level for its price. Currently, the direction is pretty much unknown however, we have to have different scenarios to prepare our battle plan. A battle plan is always important to prepare us from impulsively buying or selling. Bitcoins have been going up from 3.8 k about a month ago till now 9 k plus. What asset class has that kind of growth? Now stalling. Some say its gonna drop and doom is coming, there are some who give different charts. Well, the best thing is to just collect and gather as much intel to have a rough guide of the whole picture.
It's like when you are going hiking at Mount Everest, you'll have different people telling you different tips on conquering the beast but it's all important because it adds up to a bigger picture which will be helpful on the way up.
@luueetang