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Raoul Pal Profile picture
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25 Apr, 6 tweets, 2 min read
Bitcoin is nearly as oversold as it was in March 2020...
The weekly RSI is close to the levels that we saw in corrections in the first part of the 2017 bull run, before bitcoin hit hyperspace. These are the pauses that refresh a bull market.
ETH might have a tad further to go, either in time or price...
But we are closer to the end of this move than the beginning. You should be adding to your choice of tokens into this
Also, the ETH/BTC cross is likely to correct a bit first, before breaking out. It is a spectacular base pattern...
Corrections in a bull market are opportunities and not threats.

Good luck. It's going to be quite the year...

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More from @RaoulGMI

Raoul Pal Profile picture
26 Apr
EU ETS (EU Carbon emissions) continue to be one of the best non-crypto trades in the macro world, outperforming all commodities except lumber. I still think this can double from here this year... Image
We have covered it well on Real Vision. First with the Citi team who laid out the story...

realvision.com/shows/the-inte…
Then with @AndurandPierre who talked us through why he absolutely loves the trade and how he is running it...

realvision.com/shows/investor…
Read 5 tweets
Raoul Pal Profile picture
22 Apr
I have tried so hard to welcome @BitcoinTina, to try to bridge gaps and create understanding on different points of view but he relentlessly attacks if someone doesn't agree. Protects his "god" because it's scary to have someone suggest there isn't one god, his god...Bitcoin
But in the end, its pointless.

He is rude, intolerant and bitter.

He is unwelcoming of others view points. Only sees his beliefs and refuses to listens to anything else. This is EXACTLY what I stand against in this world.

Have your view but don't abuse others for theirs...
It is a dick move and you deserve to be blocked and relegated to irrelevance.

Bitcoin is a god, but is is not THE god. There are no true gods.

I have spend a long time painstakingly showing this. You might prefer BTC and Im cool. You might think others will fail, Im cool.
Read 6 tweets
Raoul Pal Profile picture
21 Apr
To be brutally honest, I stare at the chart of ETH/BTC and I see an enormous rounded bottom with potentially huge breakout just above....
When you price anything up in DeFi, NFT, community tokens or even metaverse worlds, everything is basically priced in ETH, including designers time etc. ETH is rapidly becoming the currency of the digital world and BTC is the pristine collateral and base layer.
The ETH space is growing at 100% YoY (vs 50% YOY for BTC) and it is attracting a massive proportion of the developer talent and applications too.
Read 5 tweets
Raoul Pal Profile picture
6 Apr
Remember my Bitcoin life raft video? It was prompted by talk from the IMF of a new Bretton Woods. Well, here is Janet Yellen talking of the same. The general idea, as far as I understand, is a global fiscal initiative to drive concerted global growth, whilst keeping FX stable.
But, keeping all FX rates stable while undertaking huge fiscal spending doesn't protect all of the fiat currencies combined from debasement.

Debasement is the enemy, and an overhaul of the global economy is the prize. It's a fine line.

We can hedge the risk with Bitcoin.
And global growth could be unexpected prize as stimulus drives economies to modernise, digitise and re-tool for the future. It is possible but far from certain.

But I think the bet of BTC + Technology investing (including digital assets) will be the best way to prosper.
Read 4 tweets
Raoul Pal Profile picture
8 Mar
Remember the Bitcoin Super Massive Black Hole? The idea was that BTC would massively outperform all other assets, sucking in liquidity as it goes. Well, how is it doing this year?

+75% versus the S&P 500..
+86.5% versus the NDX
+101% versus Gold
Read 9 tweets
Raoul Pal Profile picture
8 Mar
Gold - At the last chance saloon? Gold is now ignoring the dollar, rates and any other correlation and just falls every day. It is approaching monumental support...
Add to that the Daily DeMark signal tomorrow...
And the weekly 9 this week, right on the key support...
Read 5 tweets

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