BEAR DOWN BEAR DOWN
HAHHAHA
WE’RE SOOOOOO BACK AREN’T WE
Okay really we’re just in the middle of a bear market rally
And personally I believe this is driven by equity’s as equity’s have been pumping too
Also if you take a look at the Bitcoin chart since the weekend we’ve been moving side by side showing that Bitcoin is really only moving when equity’s are open right now
But this a serious foreshadowing of the future of Bitcoin
As Bitcoin continues to get bigger and bigger it will continue to become more and more correlated with equity’s
But remember everyone we are still in a bear market and you dont have to fomo in
We’re not going to the moon anytime in the short term
Keep pace
Now lets to talk about some of the great performers of this rally
First, lets talk about MARA which is a Bitcoin mining stock
MARA had an explosive week, along with RIOT another bitcoin mining stock too
Full disclosure I own RIOT and MARA and personally I think they are a nice pick
Yes, they are very volatile and you can pretty much look at them like a leveraged Bitcoin position
But tech stocks and especially blockchain companies have gotten CRUSHED in the past 12 months
Which leads to awesome opportunity for those with conviction
$ICP also had a great week along with the rest of the alt coins
ICP as i’m sure you all know is one of my top picks
The Internet Computer has massive Upside
$NEAR, and $SOL also had great performances which was good to see as lots of these cryptocurrencies have been hit HARD in the past 4 months alone
But whats very interesting is to see the psychology of the entire market shift in just a week
Some people went from max doomer to max fomo quickly
Just remember there will always be bear and bull markets
The “this time is different” narrative is bullshit
History dosent repeat itself but it often rhymes
Keep grinding everyone
And thats all I got for today
See you all Wednesday
-Aaron
Thank you🤝
greate