BTC and ETH Market Update:
Received buy signals for BTC and ETH in early February 2021. I did suspect it was overbought on the shorter term timeframes but still entered in the event the uptrend continued but only with small positions in case it did not. Price ended up pulling back. The pullback may be toward completion. Therefore, now (or over the next few days) may be a better time to be buying. The short term overbought factor is something that I have already built into the altcoin strategy I completed toward the end of last year but not the current BTC/ETH long term systems I am trading.
Crypto Fear/Greed Index currently at 25 "Extreme Fear" https://alternative.me/crypto/fear-and-greed-index/
News Roundup:
"With the Fed Fund futures markets now tilting towards a 50bp increase at the March meeting, the scheduled 16 March 2022 FOMC meeting date continues to feel a long way away."
Americans should leave Ukraine within 48 hours, White House warns: https://www.aljazeera.com/news/2022/2/11/russia-could-invade-ukraine-within-days-white-house-warns
Global markets tumble as Russia-Ukraine tensions hit shares: https://www.theguardian.com/business/2022/feb/14/global-markets-tumble-russia-ukraine-tensions-hit-shares-ftse-100
Federal Judge Releases 'Razzlekhan,' Orders Other Bitfinex Hack Laundering Suspect to Remain in Jail: https://www.coindesk.com/policy/2022/02/14/federal-judge-releases-razzlekhan-orders-other-bitfinex-hack-laundering-suspect-to-remain-in-jail/
Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin: https://cointelegraph.com/news/netflix-announces-new-series-on-bitfinex-hack-involving-120-000-bitcoin
McDonald's Wants To Be The First Restaurant In The Metaverse: https://www.mashed.com/765965/mcdonalds-wants-to-be-the-first-restaurant-in-the-metaverse/
NFT-Linked House Sells for $650K in Propy’s First US Sale: https://www.coindesk.com/business/2022/02/11/nft-linked-house-sells-for-650k-in-propys-first-us-sale/
YouTube sees ‘incredible potential’ in NFT video sales despite backlash threat: https://cointelegraph.com/news/youtube-sees-incredible-potential-in-nft-video-sales-despite-backlash-threat
US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules: https://www.coindesk.com/policy/2022/02/11/us-treasury-suggests-miners-wont-be-subject-to-irs-reporting-rules/
NYSE moves closer to NFT trading with trademark application: https://www.reuters.com/technology/nyse-moves-closer-nft-trading-with-trademark-application-2022-02-16/
Bipartisan Senate Proposal Raises Alarm Over El Salvador's Bitcoin Adoption: https://www.coindesk.com/policy/2022/02/16/bipartisan-senate-proposal-raises-alarm-over-el-salvadors-bitcoin-adoption/
El Salvadors Response to the USA: https://twitter.com/nayibbukele/status/1494066643625988107
Forbes Blockchain 50 2022: https://www.forbes.com/sites/michaeldelcastillo/2022/02/08/forbes-blockchain-50-2022/
Intel says its new crypto chip is designed to be energy-efficient: https://www.theverge.com/2022/2/13/22931836/intel-new-crypto-chip-sustainability-environment
Here’s Why Ethereum (ETH) Could Have a Larger Market Than Bitcoin (BTC), According to Morgan Stanley Analyst: https://dailyhodl.com/2022/02/13/heres-why-ethereum-eth-could-have-a-larger-market-than-bitcoin-btc-according-to-morgan-stanley-analyst/
Blockchain Week Australia presented by FTX: https://www.blockchainweek.com.au/agenda/
BTC Bullish Fundamentals Remain
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