Almost Forgot It

Well, that's something, I stood next to my bed early this morning, and seriously, by now I could have already typed at least 3 blogs, including the Market Musings. If it weren't for the fact that I seriously only noticed that it was Monday morning and I would have to write a Market Musings when I had almost turned off my PC to go outside with Skipper. Just before I turned off my PC, a message about crypto caught my eye, which made me suddenly think... "Holy shit, it's Monday. I still have to write my Market Musings." But what am I going to write about when my thoughts have been on a lot of other things, except crypto?

The Next Dip

Am I going to write about the next dip in the crypto market? I don't feel like doing that at all... it's one of the reasons that my thoughts have completely wandered away from crypto in the last few weeks after the halving. Yes, I know, it's not uncommon for us to experience a post-halving dip. But hey, that doesn't make me happy. I haven't had any 'dry powder' for a long time to make new investments. That has not changed in the meantime. So no, this dip doesn't make me happy. I am convinced that many others may think differently about this, but anyway... then I am genuinely happy for those people because they are in better financial shape than we are. Now that's not that difficult, but still.

Hive Then?

What am I going to talk about then? Maybe about Hive? Let me be honest, Hive is and will remain my digital home. But when I look at the price of Hive, I am not immediately happy, or even impressed today. While Bitcoin has increased in price quite a bit since the beginning of this year, this does not appear to apply to Hive at all. And there will be reasons for that. I have some thoughts on what those reasons are, but I won't go so far as to throw it all out here. Firstly, because they are just thoughts that are not based on facts and statistics, and therefore they are just thoughts that do not contribute anything to making Hive better. I am curious about other people's opinions on this. After all, we are all in this together, we are all here and everyone would benefit if Hive did better. So my question to anyone reading this would be, "What do you think Hive needs?", and a second question might be, "What do you think is the biggest problem for Hive, what's holding Hive back?".

Eth Ready For A Big Move?

Well, now that this has been discussed again, I'm wondering if I can end with something positive. Isn't that always the intention? Hmmm, let me look into some news articles. I see that people expect Ethereum to make a powerful move from the "Golden Pocket". Do you get it? I didn't know it either... but then I'm not a trader. It turns out after reading the article analysts have the following to say:

“ETH is currently between 50% and 61.8% Fibonacci levels – the so-called golden pocket. This is a critical area that often produces powerful movements.”

Up & Down, Down & Up

This could be good news, but it might also be wise to take into account that in the same article they talk about the completion of an Elliot Wave, which means that ETH could also fall further down first. And we are thinking of support at the level of 2500 / 2700. When I read that, I think more of ... OUCH, pain in many portfolios. Anyway, the price should then follow an upward trend again.

Now this doesn't sound very positive in the end, but hey... let me look at it from a completely different angle. What goes up, must come down. And vice versa! It always goes up again eventually, and now that we have held on to what we have for so long, it may be time to 'let it all go' until the moment comes when we see that noteworthy bull run. The moment we are all waiting for, and the moment why we all hope to come out of it a lot stronger financially. Will it work? It's still written in the stars...but time will tell.

Time to wish everyone a nice week. Hopefully, we're going to see something nice!