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Monday Market Update is happening in 6 days
Why I am Bullish on PENGU
Nuff said https://x.com/pudgypenguins/status/1939693773274948066
BTC Range Broken
Good morning everyone, It appears that the Range has broken (Image 1). I personally won't consider it a break until the daily candle closes below the range. If it closes below than we have a very high probability of going down to the sweet spot retracement zone of 83k-ish (image 2). Keep in mind the next major support is down at 70k. Should it go down to that range I will be looking to begin dollar cost averaging back in. I am mostly cash right now, and will not try to predict the market. I am personally going to wait until the 70k area, OR we see the bottom confirmed around the sweet spot retracement and being making higher lows. REMEMBER: Even though we are experiencing downside action, crypto as a whole has a landslide of fundamental good news regarding legislation and on ramps into the market. We just need to be patient for the tides shift as far as price action is concerned.
BTC Range Broken
ALT coin follow up
Wanted to touch base on alts for those who are in them. It looks like many are continuing to break down. $Pengu has broken down from what it was trying to establish as an accumulation range. At this point there is nothing to stop it from going all the way to its original price. (image 1). This is a great example of why I generally buy things after the accumulation zone when things start to move north. Two other examples are $FART coin (image 2) and $SOL (image 3) This is a great time to sit on your hands with alts, and be patient for good opportunities once the have confirmed a bottom with a higher low and a higher high. Until then... I am going to be moving some money to stocks, and start hunting for better opportunity there. I will of course keep you all posted.
ALT coin follow up
Tracking the DevAI memecoin
Currently locked in a double, my plan is to sell half every time it doubles, or corresponding ratios Next price target is 0,01186 per coin, whihc is a 10% gain. Ill sell 47 coins at that point (10% of my holdings) I'll sell it all at .0053 a coin, that's when I bought in so I'll break even
Cold storage
Stuff like this make me want to invest in a cold wallet. I’ve heard mixed reviews on both ledger and Trezor wallets. What do yall have? I have a spread of different coins. Which one will support them all? Which do yall have?
Cold storage
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