BTC: IS IT OVER OR JUST STARTING?
Gm fam,
Omega here, I hope you are enjoining this pump as I’m doing.
This is a quick post regarding crypto as a whole since I see half of crypto twitter Twitter bullish and the other half bearish. Nothing to be surprised about, BTC is at a macro key resistance.. but what can we expect now?
In this email we won’t cover “altseason”, we covered it in the last one, but I’ll try to bring you some reassurance since a lot of people think that this run is over.
In reality.. we are far from it.
Yes, BTC surprised a lot of people with the move that did yesterday, but ETH still has to perform and alts are simply waiting before going godzilla mode.
A lot of people cannot read TA, some people can.. but TA simply gives you an edge of what can happen next. It s not the only thing that matters.
(if you want to learn how check the academy)
Sentiment analysis is crucial here. I’ll only show ONE metric, Google trends (worldwide) for crypto:
This simply means that we are NOWHERE close to the last run peak, retailers are not here yet for that “exit liquidity” phase.
In other words, long-term speaking, we are good.
Needless to say that a correction at some point, and a nasty one, is inevitable and WILL happen. But it will be just a correction to flush out overleveraged traders and reset the OI before going way higher.
I hope you liked this email fam!
Enjoy the rest of the week!
Until next time,
Omega