Blockchain Backer PRIVATE
@BackerPrivateOnly private elites here ‼️ I will mainly talk about crypto, price action analysis etc. ONLY FOR A FEW PEOPLE 🎯 Main account: @BCBacker
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The grand finale blow to all of this would be for Gary to take a big L on the Ripple ruling.
If the spot Ethereum ETF does get approved, the “Bitcoin Only” narrative is officially dead. Altcoins on Wall Street.
I don’t spend time endorsing candidates outside of a @JohnEDeaton1 for Senate. And I’m not here. You are free vote for whoever the heck you want, and I won’t encourage or sway you. But I see BTC, ETH, DOGE….. and *XRP* included in that list…
Such a weird day for me. And again, a reminder that these markets really don’t mean anything when it comes to what truly matters in life. Am I happy the market went up? Of course! We waited forever. But it was shadowed by an event in my life today. I’ve had a jacked up day.…
Ask and you shall receive.
🤔
Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See…
BOUNCE KEEPS UP for Altcoin Market and Bitcoin Price as XRP Resembles Past, Structure Intact youtu.be/aQKnEX5LdAg
HBAR ends the day +73% Nice to see some life back in here. 😎
RIGHT ON SCHEDULE as the Bitcoin Price and Altcoin Market Hum Along Like 2021 youtu.be/g5gF4EOn4rM
“Checkmate”
For those who do not understand what just happened: First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number. This reading is roughly 50% BELOW Goldman Sach's expectations. But it gets even worse. At the same time, the US Core PCE Price…
NEARLY THE SAME as Bitcoin Price and Altcoin Market Hold up After SEC Ethereum / XRP Similarity youtu.be/2zX_lFLpG-o
There is a gap that needs to be filled for epic culture and energy on XRP. There are people who want it. Need someone to lead it.
RIGHT AROUND THE CORNER, Bitcoin Price On-Chain and Altcoin Market Similarity to Prior Blow-Off Run youtu.be/UkEbIaIc394
How's sentiment out there? Let's turn this baby around.
Market seems like it wants to kill sentiment for a month. First, reduce volatility and cold turkey withdraw the dopamine from meme's. Then, capitulate. A chance to spend the next few weeks researching where the trends are happening at for if the opportunity comes.
Come on... You can do it. Hold it.
Published a premium subscription write-up.✍ Includes a 25-minute voiceover I recorded.📷 Riding the Crypto Wave: Spotlight on Dominant Sectors – Insights into Crypto's Themes, Winners and Trends Defining Crypto's Landscape blockchainbacker.substack.com/p/riding-the-c…
About half of the stops got hit on that flush. The other half still holding up. Will be interesting to see if the ones showing higher strength mean something.
In the event that we sweep the lows again, I've shifted stops higher, and will grab those lows and that should confirm bottom in. Crowd sentiment will likely be in the trash can. A narrative will likely justify the sentiment. Just how bottoms always are. 2/3
Want a little XRP hopium? Sentiment rough, right? Well, it makes sense... the rest of the market has never been more overvalued vs the XRP price throughout all of history... except once. Then... the glory came.
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