Gold shatters ATH's, $BTC to follow, $ETH retrace, NFT's resurgence?

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This week comes off a massively exciting week last week. We have $BTC whales selling Bitcoin for $ETH. We had “hints” at lower rates (rate cutes), and Gold continued to climb. This is extremely bullish because of Bitcoin’s consistent pattern of top-blasting after Gold moves.

$BMNR ( ▼ 4.28% ) has not slowed down it’s $ETH.X ( ▼ 0.21% ) acquisition, neither has $SBET ( ▼ 3.47% ) , $ETHZ ( ▼ 2.09% ) , or $BTBT ( ▼ 1.53% ) !

Tom Lee is still causing a ruckus on WallStreet and declaring that Ether is headed for $16k this year. Beware of chronic ETH hopium, (I am massively guilty of this, and yet it’s hard not to be incredibly bullish) with treasury companies spinning up, the 10th year anniversary, and people excited for the next new narrative, it has so many reasons to shatter the 5k mark. Furthermore, TONS of shorts will be liquidated at $5k. If that wasn’t enough zest for you, check out $SBET ( ▼ 3.47% ) ‘s stock buyback program!

ETH continues to be the trade, even if it’s not the underlying asset but just the arbitrage opportunities on ETH via companies that are trying to treasury it.

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Degen section: I have unfortunately returned to picking up more NFT’s that I haven’t touched since around January of 22. Those will remain undisclosed for the time being since they are much riskier than our @bearish_af call, which has turned out well. Because we’ve got a good track record on that one, we will just keep it for now.

This, my good friends, is why you should remain BULLISH on Bearish: (they now have 100M view on giphy, and with the same playbook that the penguins used, they are assuredly going to win!)

REMINDER: We called Bearish on Feb 1st (https://wolf-crypto.beehiiv.com/p/prepping-for-the-altcoin-run), since then, it has run up to .16 ETH, a more than 3x! (Ξ 0.16 - BEARISH | Magic Eden - NFT Marketplace) Being personal friends with Toli, this was an easy call. AS ALWAYS, DIVE IN AT YOUR OWN RISK.

Thanks for tuning into the newsletter! Keep an eye out for how ONIC closes the month.

V/r,

Noah (Nono) Major

Project Lead, TradeBionic

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