RE: Hong Kong, ETFs and Massive Rallies?
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Such an interesting time to be looking at the crypto market given the phase of adoption and the state of the world. Imagine knowing this back in 2017 (when I started watching at least)?
There is still so much that can happen with public sentiment and lawsuits, crackdowns and institutional purchase of BTC and Alts. The one thing I am encouraged by is by the publication of how much bitcoin is "lost", the number of HODLers who are not selling, and the need to purchase at market price in order to fill up the ETFs. The upward pressure will be significant and increase over time but how much?
The 3-year old resistance line I have in case it does go up is somewhere just below 90k. I will have to sit on my hands until then so that I don't slip back into the madness of day trading.
Awesome insight!