Could you feel the shove tonight?
3 min read

Could you feel the shove tonight?

Cryptic ball: downtrend broken.

Did you hear the bears screaming? I told you it was time to squeeze them! Even if it's still unclear whether or not the bear market has finally ended, it's definitely time to play this bounce. BTC is about to test $25k and ETH printed a higher high!

  • What's next? Weekend bulls have to deliver to confirm the breakout. Ether is now trading at $1.7k, which was the level I highlighted in May as key support now turned resistance. If conquered, other alts will soar! Still, things look good.
  • As for bitcoin, the original cryptoasset hasn't recovered as much but it will likely print a higher high today, flipping its market structure to bullish - at least for the time being - with the next target being a test of $30k in the next months.
  • If it fails to do so and falls below $24k again, the weekend will likely be less interesting, as bears will strive hard to depress prices while they unwind their shorts. If that's the case, then Sunday bulls may have a chance to strike again.
  • However, we may have it easier as US stocks will likely have a great Friday. Amazon and Apple had stellar earnings despite the generalised recession fears last night, after the market closed. So the reaction should be felt very soon.
  • Lastly, don't forget many alts are up 15% to 30% over the past 24 hours, with some other shitcoins managing to gain 30% to 70% in a day earlier this week. Just note such moves fuel greed, which is good as long as you stay humble.

If you're still in doubt, do as I said over the week and start preparing new bets even if you don't place them right away. Do your own research - with time, as there's no need to FOMO, and get ready for those in the sidelines to feel the pain.

Chart art: merge fixed.

Let's just hope the Merge's activation in September isn't a buy the rumour, sell the news event! And that the new ETH - ETC war doesn't create the kind of armageddon the Bitcoin Civil war created back in 2017! Or, if it does, that it also creates a parabolic jump after!

Three things: risk activated.

Tweet tip: politically corrected.


Meme moment: recession ignored.

Who cares if GDP fell two quarters in a row? The economy is still hot!

FV Bank: mass adoption of digital assets.

Learn more about how FV Bank is promoting crypto in 2022.

Get started: download the B21 Crypto app!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.T