Just a quick little note.  Regarding the Crypto bear market, my gut tells me that we are just wrapping up the Bear market, and we are about to embark on a new Bull run.  Although it looks like we have put in our Bear Market low, the technicals I look at, and the people I listen to, follow all agree that although we are close to saying a Bull market is underway, we are just one confirming signal short of that. With that backdrop, I find the chart below very interesting.  It's a comparison of the weeks and months leading up to the Bull market in 2018 to what we are seeing right now.  Pretty impressive, right?

 I think we all like the bottom of Bear cycles in the stock market.  I think that's what we are going to see with Crypto this week. Those who are still holding Crypto during this retracement, take heart, we are almost there - or at least I think we are. If you like bear bottoms, this one is for you. It should be the end of the bear market and the start of another bull run. I trade Ethereum (ETH) almost exclusively. Right now I think we are finishing wave 2 of a mini 5 wave down trend. We should finish waves 3-5 probably before next weekend, maybe even by Turnaround-Tuesday. See the attached ETH chart and you'll wee what I mean. Once we hit wave 5, I expect a fairly quick run up from about 1160 to the lower 3000's. Put in $1000 and pull out $3000 a couple of months later.  Not bad. As long as ETH stays above $1000 we should be good. If it breaks $1000, that's bad news all around. That means we are going to be setting a new low for ETH and it means the Bear market i...

Artwork by Steven Grundy What, more Crypto talk? Yes, sorry, more crypto talk, but I'll try to keep it short. Back on July 16th I said that I thought the bear market had ended that day and we were starting a new bull market. Only time will tell if I was right because we haven't had enough time to call it a bear market. But, in that time, Ethereum, the bellwether coin that we measure with, is already more than 50% from that date and 120%+ since June 16th (2022). There are a lot of coins that did better than that, but for a "safe" bet like Ethereum, that's a really nice move. But, it's not too late. Ethereum makes a change on September 26th that will dramatically improve it's capabilities. I think we are going to fairly quickly see ETH return it, and pass it's all time high of $4891.70, maybe even before the end of the year. Now there is always the chance that ETH, and all coins, will turn around and head back down for a test of the low of $876.54....

  The Crypto Bull Market left the station today, and if you aren't on the train you are going to miss out. I was predicting the end of the Bear market anytime soon and I'm going to stick my neck out again and say we saw the 2nd half of a double bottom this week.  Then we ran right up to resistance,  1280 on Ethereum (ETH) and blew right through it, hitting 1430 on ETH just minutes later. This could be one of those high speed trains you see everywhere except the good ol' US of A.  Or, it could be a big, lumbering freight train.  But I think more likely it is a high speed freight train.  This market has the potential to blow the doors off of the 2017 and 2021 rallies, and those seemed impossible to beat.  Now, keep in mind we are 80% or more off of the highs, so it shouldn't be too hard to lay some significant  track in the coming months.  I do not give out market advice, and nothing in this blog is intended to serve as investment advice. But, ...

  Ain't no Raging Bull I don't think I have ever made a prediction for the end of a Crypto Bull or Bear market. But, I'm going to stick my neck out and make one now. I think the Bear Market slaughter that's been going on for the past month or so, will experience a short-term bottom, if not a long term bottom, this weekend, or shortly thereafter. I think we are seeing capitulation selling across the board now, and that Crypto very well may turn around as of June 1st. Once it turns around I wouldn't be surprised by a double bottom, but at least we will have seen there is a bottom. What am I Hodling? People always ask me, "What am I hodling these days?" The answer is: A limited amount of BTC and ETH for "stability". A lot of Stepn (GMT) and W2E because I love coins that rise in price and pay the hodler based upon actual exercise by the person hodling the coin/token. A good amount of Decentraland (MANA) and ApeCoin (APE) because I believe the ...

I have mentioned the Bitcoin (BTC) ETF a lot lately in regards to the price of BTC.  Why is it such a big deal?  The answer is because it would bring in so much new money into BTC that the price would likely sky-rocket.  But it wouldn't sky-rocket in a bubble fashion but rather in a very legit supply and demand fashion. First of all, what is an ETF?  "ETF" stands for "Exchange Traded Fund".  ETFs are used to take some target asset, like a stock, or a stock index, or a collection of stocks in a specific industry, and create a fund that mirrors the price of those assets.  Instead of buying the actual assets, you buy and sell the ETF. For example, to trade the S&P 500, you could either buy each of the 500 stocks that make up the S&P 500 (not feasible for most people) or you could buy and sell the "SPY" ETF.  The SPY ETF is set up so the price mirrors that of the S&P 500.  This allows institutional investors an easy way to participat...