I talked about and had videos about Raoul Pal's $1 MM Bitcoin prediction by 2025. Recently, Raoul sold all his gold positions to buy Bitcoin. He now only owns Bitcoin, Ethereum and some bonds. Speaking of Ethereum, Raoul is not saying that Ethereum could one day past Bitcoin in terms of market cap. I think this statement is even bolder than his $1 MMM Bitcoin position. However, in the video I talk about this thesis and some recent Ethereum develops.
https://insidebitcoins.com/news/raoul-pal-expects-eth-to-surpass-btc-in-market-cap
https://insidebitcoins.com/news/metamask-targeting-institutions-with-new-enterprise-wallet
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
Yeah it's looking like that and also I think Bitcoin will reach New heights
My gut feeling tells me the same, that ETH will never get under $400. I know, never say never, but when you look at that nice W shape of the weekly chart and consider that we're in a bull market, it's so hard to even imagine ETH at under $400. My prediction for the end of the bull market is a $7,000 to $10,000 ETH.
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Glad I have some company, Eth never seeing $400 is a bold statement as anything can happen in the crypto space.
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Indeed, anything can happen, but after the halving, from my little experience, it's mostly up where the market is going. ETH benefits from a lot of development as well which helps it increase and sustain its price quite a lot.
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My sell price that it stuck into my mind before 2017 and with the bull run from than and also from this year is $5,000. Until then I will hold onto it as a retirement cryptocurrency and continue to gather it from investments and any way that I can.
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Great strategy as I'm doing the same.
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