Current Market Thoughts…What is Max Pain?
Hey Everybody! I hope you had a good weekend and is well rested for the week that is coming up because I think it could be a big one! After a few weeks of consolidation after the ETF approval and with the reshaping of how and where people will be holding their Bitcoin, it seems like things are finally starting to settle down. I see a hard floor around 36k for bitcoin (probably wrong DYOR) but I also wouldn’t be surprised if bitcoin doesn’t go below 40k again. One way I like to look at the market from a macro perspective is where is MAX PAIN. I think the market inflicts max pain because when everyone is on the same page and agrees bitcoin will do this…it normally does the opposite and finds that max pain. Bitcoin really acts on a mind of its own why trading can be very dangerous and Bitcoin squeezes itself to knock out the liquidity whether that be up or down it doesn’t care.
Why I don’t see Bitcoin dumping again before the halving because it would give too many people who have been sidelined a better price then they probably deserve. What the heck do you mean the price you deserve??? To buy Bitcoin you must do your own research and believe in it. Hence Bitcoin gives you the price you deserve once you educate yourself about it. Today is a quick blog but I think an important one. And if you are worried that bitcoin as already gone up too much go do some more research and come back to me. Lets talk about it. I am more then open to hearing different opinions and ideas! I think the Altcoins are positioned to catch a big bid coming up soon once Bitcoin gives confirmation that the direction is upward! There are so many cheap under valued Altcoins ready and waiting to absolutely moon! Happy Monday everybody hopefully this week will give us some real price movement and we get the start of the Alt Season! I’m still long term focused so what happens in the next few months doesn’t really effect how i will act in the market but those are my current thoughts lets see how they play out by the end of the week!
P.S. Thank you for everyone that reads my blog we are still growing everyday and I couldn’t be more excited for the future in the Ohzone! Especially with the way this market is heating up share this with someone before its too late!!! Thanks again see you tomorrow!