Not too much to say, we had a black swan with China banning the Bitcoin network from the country and miners are relocating. As the hash rate recovers the concerns about security risks to the network will decrease and momentum should shift back to the upside. A lot of leverage was cleared from the mid cycle dip and we've had historic capitulation. Time will tell, but this cycle doesn't seem over yet.
A break of the most important trend line in crypto will give confirmation of this move. I'm fully scaled back in / positioned into bitcoin from the cash I acquired from alt season one. Ideas around risk management would be awesome if anyone has comments.
A break of the most important trend line in crypto will give confirmation of this move. I'm fully scaled back in / positioned into bitcoin from the cash I acquired from alt season one. Ideas around risk management would be awesome if anyone has comments.
