ridethepig | Bitcoin Market Commentary 2020.09.01

1 Eyl 2020

Heading into the office this morning to find Cryptos stronger after a holiday weekend. BTCUSD is now less focused on risk and finding more USD devaluation players getting involved. With all of the weaker summer seasonalities behind us, it is pragmatic for players to look for value in scarcity.

The long-term macro chart constitutes a formidable comfort; the purpose of understanding the long-term direction of an asset is to put your mind at ease. Focus on the long-term to navigate the short-term flows with endurable strength. The $21,000 and $36,000 ready to accept bids, buyers will be kept busy. Eyeballing a tasty desert for all Crypto enthusiasts.

Thanks as usual for keeping the feedback coming 👍 or 👎

5 Eyl 2020

Not

We overshot support after the panic leg in Equities. Here looking to pick up cheap coins in $9,000 - $10,000 range:

6 Eyl 2020

Not