Market Update

Imagine being a trader trying to time every single move… Especially the one we saw yesterday. This is why I don’t care about short term moves. I simply couldn’t care less. These moves are pure manipulation to take advantage of anyone over leveraged or who have stop’s in place. There is simply no need to swim with the sharks here. While the world of crypto was talking about the recent move and BitBoy, our micro cap ATOR is on fire. Once it can get over the 60 cent range, we should be golden. But regardless of the short term price moves, I am looking forward to this coin’s performance during the bull market.

I will say it again. I really like On Chain coins which have not entered the centralized exchanges. VC’s simply are not interested which is great. On chain is changing the game a bit. Less manipulation due to high DEX fees. I don’t mind sometimes paying a higher fee knowing that I am not being front run by whales due to a coin lacking liquidity. 

Also LINK continues to really break out of its zone its been in for a while. I think many are realising its potential especially with what they are building with CCIP. LINK will play a massive part during the next bull and beyond.

In the meantime, the US dollar has been on an absolute tear. Up 12 days in a row which has helped put pressure on legacy markets and gold/silver BUT NOT crypto. Interesting eh? Remember the time in 2020 when the USD skyrocketed in value against pretty much every single currency in the world? The DXY went to the moon AND SO DID CRYPTO. In fact we went from over $3K to eventually $69K

My point is to focus on things that matter. Yes the DXY has some say to where the market may be heading but its not always correct. Instead focus on the halving event in under 7 months where Bitcoins emission rate halves. Exciting times ahead for the patient. 

Toby