Michaël van de Poppe

“We've had a casual end of month correction on Friday for #Bitcoin. Most likely we'll see a slight push upwards during the weekend, to end up by a standard Monday crash and then we return back towards an upwards momentum. If $ETH manages to hold above $1,800 and grinds towards $1,900, the bollinger bands are squeezing. The volatility on the markets are the lowest in years, meaning that the next move is a vital one and is one to be positioned on. I don't think we'll see that breakdown, unless Bitcoin breaks $60,000. If we don't, then my upwards target remains to be $83,000.”

“The fair price of #Bitcoin is massively higher. I've discussed this with @RaoulGMI on @new_era_finance and I fully stand by it. He mentioned: 'The fair price of #Bitcoin right now is $160,000.' Obviously, the breakdown on the 10th of October has taken a lot of liquidity out of the markets and I'm sure that we won't be hovering around $60,000 if that didn't happen. The only thing that's for certain is that once the markets are turning around, it might go quick.”

“Big misconception: You can't get rich from #Bitcoin anymore. That's bullshit. If you simply adapt a DCA strategy into Bitcoin, then by compounding those yearly returns, you'll skyrocket. Let's assume you'll do a 30-40% return on average on Bitcoin with that. You're outperforming nearly everyone on this planet. A $1,000 with a 40% return yields $29,000 after 10 years, simply through compounding.”

“The easy #Altcoin markets are over. A lot of people are simply holding those assets (like I've been doing) for a long period of time, hoping to retrieve those gains and to get that 50X. I don't think this will happen. I much rather think in cases of compounding returns. If there's a run of an #Altcoin that does 20-80%, I'd much rather have that in the bank, wait for an obvious spot and/or sit in Bitcoin / Ethereum. As a matter of fact, Bitcoin and Ethereum can still yield you a tremendous return from here anyways.”

“The easy #Altcoin markets are over. A lot of people are simply holding those assets (like I've been doing) for a long period of time, hoping to retrieve those gains and to get that 50X. I don't think this will happen. I much rather think in cases of compounding returns. If there's a run of an #Altcoin that does 20-80%, I'd much rather have that in the bank, wait for an obvious spot and/or sit in Bitcoin / Ethereum. As a matter of fact, Bitcoin and Ethereum can still yield you a tremendous return from here anyways.”

“Quite usually August isn't a great month for #Bitcoin, however, after that, there's a strong period coming up for the markets. What's the gameplan? Accumulate your positions. Enjoy the summer. Don't use leverage. https://t.co/DAaV4ajyat”

“Very boring state of mind with #Bitcoin, as it's chopping around and #Altcoins generally continue to fall. It's not holding above the 21-Day MA, and therefore, the risk of another sweep of the lows have increased. Other than that, it's been the last day of the month, and it's still holding above $60k. Why I'm thinking that this is relevant is due to the fact that holding above $60K confirms a higher low and therefore it confirms the bullish divergence. No need to stress, just accumulate and be patient.”

“An enormous bounce on the Nasdaq and therefore a massive weekly candle, just as $KOSPI has bounced upwards. I repeat, the last time this happened, #Bitcoin rallied to $83,000. I would expect to see a strong start of August coming week for #Bitcoin as a response to the current strength in risk-on assets.”

“It's the last day of the month, which usually means that #Bitcoin retraces, even though there's a ton of strength across markets. That generally brings back to the easiest part of investing: accumulate here, be patient, enjoy the Summer and come back later. There's not a point of overstressing during these moves within a range.”

“#Bitcoin has essentially been going sideways since February. There's not much that has happened in between. One piece of advice that I can give is that: once it breaks out of this entire rangebound period, don't sell too early. The longer something goes sideways, the heavier the impulse will be and the more patient you'll need to be during that phase. It can easily run to $100k+ without any opportunities of getting back into a position.”

“If this happens: Japan will sell their US bonds. The yields in the US will go down --> no reason to hold the Dollar --> the Dollar will fall --> liquidity needs to move elsewhere as the cheap money isn't available --> this will go into risk-on assets --> $NQ and $BTC to go up --> $ETH to outperform --> #Altcoins to have their first run.”

“If this happens: Japan will sell their US bonds. The yields in the US will go down --> no reason to hold the Dollar --> the Dollar will fall --> liquidity needs to move elsewhere as the cheap money isn't available --> this will go into risk-on assets --> $NQ and $BTC to go up --> $ETH to outperform --> #Altcoins to have their first run.”

“Despite the fact that we're in a lower timeframe chop, the higher timeframes remain the same. $ETH is holding above $1,800 and as long as that's the case, there's not much to worry. I still remain positive that we'll be seeing a case of $2,500 in the coming months. https://t.co/ntHlZ0zmQ5”

“The Nasdaq continues to run, but #Bitcoin falls down. Why? The Coldcard hardware wallet drain of $38M $BTC has hit the markets today. Overall, the structure remains intact, it's still, barely, holding above the 21-Day MA and 50-Day MA. If this doesn't hold, there's one support level left: $60,000-61,000 and that's where we need to find buyers otherwise new lows are imminent. However, as the Nasdaq is showing so much strength, I wouldn't be surprised if this comes back to Bitcoin after the US open.”