I hope you all have had a great week so far. From what I see in the market is a positive move forward giving the chances of a Bitcoin spot ETF being approved sooner rather than later. Even mainstream new stations like ABC News is talking about the future approval of the Bitcoin spot ETF. Now anything can happen of course and its all about BlackRock now with whether or not they want an ETF to be passed. After all if you have been a CT Club member for any length of time, you will know that BlackRock owns the SEC. They essentially own the world along with Vanguard. If BlackRock wants and ETF to be passed, it WILL get passed.
Now, in regards to some of the micro caps, we pretty much hit an all time high with PAAL. That has done really well during this overall pullback. Because I have taken my initial investment out of just about all of the micro caps I have mentioned, I am going to let them ride. My focus in holding these into the bull market. Many of these coins have risen tremendously and nothing goes up in a straight line like I have mentioned countless times before. Needless to say I am very relaxed holding these and short term moves are irrelevant.
There are of course other micro caps out there as well that will rise dramatically. I will share those with you when I find worthy ones that I think will have a good chance of survival from a micro cap to a large cap. Many of you have mentioned coins that you have gotten into that have great potential as well. Congrats on your purchases.
In the meantime, I expect us to revisit the $26K region. I think we bounce between $26 and $28K for a while. That would be really healthy if we did that. I don’t want Bitcoin to go up in a straight line. That price movement is not sustainable long term. Slow and steady is the name of the game. After the bull starts, anything is possible. As you can probably tell if you have been scrolling through Twitter, most people are very bearish right now. I don’t stand with them.
Toby
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.