Market Update

Well the good news is my recent buys barely moved in FET and OCEAN. But INJ is really strong as well so I am going to wait a bit more before buying. I’m thinking around the $5.50 mark. Definitely wasn’t expecting a 1k flash crash but here we are. This is why scaling in is so important. Sometimes prices look cheap and then the price dumps even more. This is why I always mention the percentage that I’m scaling in.

So what caused this 90 degree angle drop? The Fed saying that there won’t be a rate hike pause for years to come. Bitcoin is still at $25k. It’s had so much thrown at it over the months. Impressive.

Where to now? Nobody knows but I’ll be buying if we continue to drip down to the low 20k’s. I don’t think the Binance FUD is over yet. I’ll be amazed if they are allowed to be in the US with potential DOJ actions against CZ. I think the international part will be fine though. With all of that said, I will be buying when people are fearful. This is the accumulation phase of the market in my opinion.

Chat soon