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Just 8 days into this month you seem to not be hundred percent sure the direction
it is heading. Assuming January and February did play their part as promised, we
expect March to be fully wrapped around the same condition set in place for 2021.
Exactly not as predict for the tech sector taking a beating like never before.
I have been watching the stocks like Apple, Microsoft, Amazon even twitter are trading
down south lately.
So much complication in data crunching when the dollar is making wave and keep with
its peers in the forex market. With no apparent strength in other currencies it remains
to go capital and keep the traders thinking about when weak dollar will show itself.
Not the case at present time knowing the whole world economy is trying to recover.
New sheriff in town, we will see if their policy is about to keep the dollar on top
of the food chain. Other ways, it is their policy. Can they maintain it ?
Gold is not helping as we see its value falling behind in this circumstances.
Crypto is slowly eating into the class of asset of the new generation.
This is where
competition comes in action. When you have a strong dollar, Euro is sliding itself.
Controlling corona is no easy task when you lock down almost everything.
Hopefully it will all balancing by end of the month.
This kind of reaction opens the door for #bitcoin to set in and play its role.
I do not see a strong move from #BTC for March.
Certainly as we speak it is moving into the $50k+. Glad it stays that way. It shows its pattern
and involvement to be the best asset class possible. The holding train is strong I presumed.
No clear indication the reason for this move.
#Microstrategy did its part. They did purchased more BTC hoping to raise the bar.
But to no avail. At least their stocks are trading parallel to their drop in the last two weeks.
At least they have bitcoin to fall on.
We have two other companies getting into the euphory of crypto.
This is not the same sentiment we witnessed in January. Actually Bitcoin was the sole beneficiary
of the growth then. This time a bunch of altcoins are sharing the pie.
Just look at the #marketcap of all tokens, the value is increased to $1.6 trillion with Bitcoin alone
trying to reach the billion mark again.
Now one thing is important. Bitcoin is still trading in high $40k. If March does not break that mold
we can be sure April will rise. A confidence is what needed for more institutions to jump ship. Volatility
is what hold them back. I wonder what an ETF will do for this game plan while Canada is implementing a third
ETF pretty soon.
It may sound the market is vulnerable. Due to Inflation it is heading North every year.
This is the weakness all around. This is why investing is a risk
you should be willing to take. Don't be surprised you see #dogecoin reach a dollar. Many holders buy with
emotion. Why not #Hive reaching its high pretty soon with all going around in the second layer?
Since we are all connected, we make the difference and the market will fulfil its purpose.
We need to make some noise and even have a big deal on #Binance about it.
The writing on the wall remains the same, hold and great time to get your feet deeper into the mix.
Keep stacking satoshis.
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