Intraday Market Thoughts

Why I Chose Yesterday out of all Days

by Ashraf Laidi
Oct 17, 2023 10:31

Yesterday, I posted a video on Youtube about the Half Life of Currencies, its meaning and benefit to Bitcoin. The video contained a clip from my panel at the Crypto Summit in Madrid 3 months ago. So why out of all days, did I choose to post the video only yesterday...less than 1 hour before Bitcoin jumped 10% (see chart below showing % daily gains) on the Blackrock ETF rumour. Yes, Bitcoin ended up retracing back half of those gains, finishing the day +5%. But the initial gain was 10%, something we have seen only once this year back in March. For a perspective on +10% daily moves, each of 2021 and 2022 had exactly FIVE (5) days of +10% moves.  So why out of all days, I chose yesterday to post that video?  "Who cares Ashraf, just tell us when BTC will break $35K"

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Why I Chose Yesterday out of all Days - Bitcoin Move And Youtube Video (Chart 1)

 
 

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