Source: https://pixabay.com/photos/blur-chart-computer-data-finance-1853262/
I was watching a video recently from Ivan on Tech, and it was a great look at what’s happening in the crypto market. He really addressed the concerns a lot of people have, especially with all the talk about a potential "Red October" for Bitcoin. Personally, I found it reassuring because he’s actually super bullish on October, betting on a "Green October" instead.
What I found really cool was when he started talking about his "Money Line" indicator. He’s updated it, and he explained that the new version is based on a ton of data and back-testing. He seemed really confident that it performs way better than just buying and holding. The most interesting part is that the new model is so bullish it even allows for a temporary dip below $100K without it being a sign of a bear market. It's awesome to see him fine-tuning his strategy based on real-world data to give us more accurate insights.
He also covered some bigger topics beyond just the charts. I was interested to hear his take on the political and regulatory news in crypto. He mentioned that the administration seems to be getting more involved with different coins and even teased a potential collaboration with Aptos. He also touched on a recent announcement from a big crypto figure, Dennis Porter, which he dismissed as a "nothing burger." Plus, he brought up a really good point about how Tether’s potential IPO could act as a form of "regulatory security" for the entire industry. It’s a smart way to think about it—getting politicians to back off by making crypto part of the traditional financial system.
He also shared his thoughts on a few specific coins. He's really excited about a coin called Aster, saying it's gaining some serious momentum and is now a major competitor to Hype, a coin he was previously all-in on. He even admitted to selling off a chunk of his Hype to re-invest in Aster, which I thought was a pretty honest thing to share. Overall, I think his message was really positive and hopeful, encouraging everyone to look past the short-term fears and focus on the bigger picture of growth in the decentralized space.