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Blockchain Weekly - Issue No. 12


BlockHash Research

May 31 · Issue #12 · View online

Covering the latest topics that move the market, chart signals that you should watch, the best low cap crypto projects and much more!

I don’t think I need to explain to you guys at this point that Bitcoin and the crypto market is down right now. That much is already self-evident. What I do want to emphasize about this moment in time are the possibilities.
You’ve heard Elon tweet about Bitcoin not being energy efficient.
You’ve heard the IRS say they’ll take your crypto if you don’t pay taxes.
You’ve heard that China wants to ban crypto… again.
You’ve heard of investigation rumors into Binance and other exchanges.
My advice to you as an investor that has navigated this market very well, is to stop listening to the news!
Look… most people are not good traders. Most people do what CNBC and Kramer suggest. Most people just follow the current trend. And that’s why we have volatility in ANY market. More so in crypto because it’s highly liquid and open 24/7.
My pitch to you is to take a deep breath and assess ONLY your risk management threshold. This is how much you are willing to lose percentage-wise before you feel financially uncomfortable. That’s a different number for everybody, so you must assess your level of risk in this market.
Why do I say this? Because I think this is a temporary dip in the market. A steal trap that is about to flush out most retail investors. There is a key threshold I want to cover that makes or breaks my theory. So calm down and pay attention below:

Bitcoin (BTC)
Bullish Prediction:
The price of Bitcoin is still above $30k. In fact, it bounced off that region twice in the past 2 weeks, as well as back in early February. This is a major floor of resistance. Odds are, if Bitcoin can stay above $30k, then the 2021 bull market is still alive. Even the indicators have shown that Bitcoin is severely oversold. Have patience and faith in the institutional money that is flowing into the market at this very moment. NEVER underestimate Bitcoin.
Bearish Prediction:
If worse comes to worse, and we break below $30k, then you should assess your threshold of risk management and consider a stablecoin position temporarily. That doesn’t mean Bitcoin is dead. It would mean that Bitcoin is entering a long and ugly correction cycle, which is natural. Just wait for a lower buy in opportunity. There is always another opportunity in Bitcoin.
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Stay tuned for the newsletter next Monday and thanks again for being a subscriber! Feel free to email me with any questions or suggestions you may have. Have a killer week trading!
Brandon Zemp
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