Market Roundup
Plenty of macro insanity to keep markets spooked and uncertain. The FED still has not pivoted, although there is plenty of speculation that the FED could be getting ready to pivot! We will find out this week whether or not the FED makes any indication of a pivot as there is a FED meeting on Wednesday.
That being said the last week has been pretty exciting as altcoins, in particular, Dogecoin went nuts! This was due to speculation that Elon Musk could integrate Dogecoin into Twitter. It is important to not fall victim to FOMO on these rallies. The bear market forces could be in effect for quite a while still. Lots of great opportunities, but we are far away from hitting major reversal points for most of the market which is still realistically beholden to macro conditions.
I covered these charts in my video last week, but I wanted to post them here for you again because the pattern forming up between the 2018/19 bear market bottom and now is certainly noteworthy.
This is how the 2018 bottom formed up.
This is how 2022 is going…
See any similarities? Curious…
The balance of Bitcoin on exchanges just keeps dropping! This continues to blow my mind. It is such a mega-bullish indicator of the demand for Bitcoin. In spite of the massive market sell off the buyers are still here and people still want BTC. The amount of Bitcoin on exchanges has been falling non-stop since March 2020!
Although it is worth keeping in mind that Bitcoin Miners are still sitting on enough BTC to add a lot of sell pressure to this rally! Their wallets currently hold over 78,000 BTC. Also, rumors are going around the US based miner Core Scientific could declare bankruptcy by the end of the year.
Top Airdrops of the Month
Top Altcoins to Watch
Top NFT Mints of the Month
Best DeFi Farm of the Month
Final Thoughts
I love market rallies. I don’t believe we are out of the woods yet. But, it is a nice reminder that bear markets can provide some pretty damn huge opportunities to make money. So don’t let the bear goggles blind you to the money-making opportunities.
All the best,
Lark
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TCL Publishing ltd (director Lark Davis, owner of Wealth Mastery) is not providing you individually tailored investment advice. Nor is TCL Publishing registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. TCL Publishing is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
