The macro is still very bad but ETH rally more than 70% from low. Is the current rally real? My little crystal ball tells me that it should be down again after 26th July or latest by end July. Let’s see.
BTC is hitting resistance. Will it come down again?
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If we view BTC/USD from mathematical point of view using regression analysis and if you are a believer of regression to mean, we haven’t even reach -0.5 SD yet (25k).
As of today, BTC has only reached 1 SD before, will we hit 1 SD again? To reach 1 SD, we will hit 18k.
Months ago in 2021, many people keep asking how come the Crypto are so bullish? When the dip come so that I can buy?
The dip (Crash??) has come, are you brave enough to buy?
Btc Eth, Avax, Atom, Near etc were way much higher price before. Now many of them 60-90% down from ATH. It is very likely that quite a number of ATH may never come back again. In fact, most of the alt coins may be gone by then.
No one know when is the bottom.
If you believe in long term for Crypto, please consider to dca BTC, ETH and some L1s, L2s etc that you have done your due diligence in.
Don’t regret and ask the same question as per my first paragraph again if you miss this drop. Once the buying interest/use case for Crypto is back, the upside will be enormous.
Let’s bookmark this post. In few years down the roads, I am sure most of the Alt coins will be replaced by new coins whereas BTC and ETH should be way higher price than now!
I had warned that we must be very careful of severe corrections in crypto prices during eclipse be it Solar eclipse or Lunar eclipse. Is it a coincidence that LUNA rhymes with Lunar eclipse? You draw your own conclusions
See what happen after 1 May?
The collapse of UST/LUNA/TERRA and corrections for Crypto!
Besides the moon phase, there was also a solar eclipse on 1 May 2022. Usually there will be major effects to the markets from the eclipse. Do you believe in western astrology now?
In fact there is nothing superstitious about astrology. It is just how the planets including the sun and moon that revolve round our planet earth that will affect our energy and emotions thereby affecting sentiment in the crypto markets.
Many will be wondering so what’s next for UST and Luna and crypto prices as a whole? Here are my 2 cents view based on astrology.
As Jupiter enters Aries and after the Lunar eclipse is over on 17 May, crypto prices will stabilise and gradually recover. However do not expect a bull run. Bull run for crypto will come only when Jupiter enter Aquarius.
Should we be prepared for the next major correction for crypto? Well, the next eclipse is in Oct. Take care! and bookmark this website for more updates!