Crypto Social Media and Updates

Crypto Crash Shows Elevated Range, BTC Still Holds

Increasingly convinced last Friday's massacre broke crypto for a while - hard to quickly develop a sustained bid, after such a meltdown. This cycle has been disappointing for most, which can paralyze action as people hope for bluer skies, or former ATHs. It's easy to get caught up in chart minutiae, but when looking at $BTC and $ETH in linear monthly (see below), it reveals *we're still in the elevated range* (although showing cracks), if you're thinking of taking profits. $MSTR is slipping, gold is sending a warning, as are credit markets, and stocks will be the last to get the message. We can always get another weak bounce, but I've taken action accordingly (remember, it's never all or nothing when raising cash). I want to see how $BTC responds to $100K, but will likely get interested in the market again when I see $BTC $75K or lower. This bull was different, and the next bear will be different too.