Have a great week out there remember be patient and don't worry about non horizontal levels! Play each step as it comes whether it is up or down. :-)
ICONOMI'nin sosyal akışına hoş geldin! Burada, Stratejistlerin gönderilerini beğenebilir, yorumlayabilir ve paylaşabilir ve şimdi satın alınacak en iyi kripto, kripto fiyat tahminleri ve kripto trading sinyalleri hakkında konuşabilirsin.
Have a great week out there remember be patient and don't worry about non horizontal levels! Play each step as it comes whether it is up or down. :-)
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Morning update:
Bitcoin stands firm above the $27k mark, yet continues to trade right beneath our trackline🤔 $BTC
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Presently, we find ourselves in the least exciting phase of the market cycle: a lateral drift prior to the halving and the onset of the forthcoming bull market. This is further substantiated by the continual decline in trading volume. In May, the trading volume plummeted to levels last observed in November 2020, demonstrating a waning interest in crypto trading. Though seemingly negative, periods like this often unveil exceptional opportunities or entry points👌
If you are still here and are reading this, you are going to do well over the next 2 years😉
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That's all for today. Wishing you a fantastic weekend and we'll be back on Monday🙌
The information regarding the recent Index Review that took place on June 2nd, 2023. If you're interested in learning more about it, you can check out the following URLs:
https://invest.2100news.com/strategies/blue-chip-index-strategy
https://indices.2100news.com/nwsbct
Additionally, I came across a Copy Crypto Strategy that you might find interesting. Here's the link:
The Index Review took place on June 2nd, 2023. If you're interested, you can find more information on the following websites: https://invest.2100news.com/strategies/ethereum-tokens-index-strategy and https://indices.2100news.com/nwset.
Additionally, I wanted to share a Copy Crypto Strategy with you that you might find intriguing. Here's the link: https://www.iconomi.com/asset/NWSET?ref=a5crF.
Updates regarding the Index Review that happened June 2nd, 2023. If you want to learn more about it, you can check out these URLs:
https://invest.2100news.com/strategies/large-caps-index-strategy
https://indices.2100news.com/nwslt
Also, I'd like to share with you this Copy Crypto Strategy that might interest you:
Here are the updates following the Index Review on June 2nd, 2023. Please refer to the following URLs for more information:
Our NON BTC and ETH strategy is outperforming well. INJ breakout is looking solid so have upped our allocation
Our look at this week’s Crypto Landscape
The European Union (EU) has made a significant move by officially signing MiCA rules into law. This action solidifies the EU's stance on treating crypto assets as securities and provides a comprehensive regulatory framework for the crypto industry.
The MiCA regulation could have far-reaching implications as it could provide a clear path for crypto businesses looking to operate within the EU, while also offering an element of protection for investors. However, it's also likely to place a heavier compliance burden on companies in the sector. Overall, this development suggests a shift towards increasing the institutionalization of crypto assets.
In market news, May saw a significant downturn in volume, hitting a 32-month low. The total money being invested into the crypto market has dropped over 27% from April to May, with the monthly exchange volume falling to $439.42 billion.
Despite the negative market sentiment, the clamp down across the globe on the cryptocurrency industry, the ongoing banking crisis, the looming recession and surging interest rates, BTC is moving as expected.
Bitcoin is still trading inside the rising channel formation/structure. After tagging the lower bound of the channel at roughly 15,500 USD in December 2022, BTC reached its first major milestone at 30,000 USD, up roughly 100%. And, understanding that the next BTC halving event is only 1 year away, history suggests a new bull cycle has already begun.
On average BTC bottoms roughly 400 days prior to a halving event, which indicates Q1 2023 should have been the bottom. Zooming out and understanding the market cycles will provide clarity in a very noisy market.
If you would like to read the full report, you can find it here 👈