BTC Monthly Chart, ETH Summer Roadmap, Q&A | Navigator

Review Date June 3rd, 2022

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Market Update: BTC Monthly Chart, ETH Summer Roadmap, Q&A

BTC Monthly Chart 

Looking at the monthly bitcoin chart, we see the possibility of three more down months before you can start to DCA and look for a bitcoin bottom. The last time the DeMark “reading” appeared was back in September of 2020. In that case, bitcoin was in a bull market. After the “7” reading, BTC rallied from roughly $13,000 to $64,000 over the next five months.

Markets love symmetry. So, if there was a powerful up move off this signal in an uptrend, we are assuming there can be a similar dramatic move lower over the next three to five months. 

ETH: Daily Chart

Here’s a proposed ETH road map for the summer

June 4 – June 14: ETH down from $1,750 to $1,350

June 14 -July 5:   ETH bottoms June 14 and grinds back up to $1,660 by July 5

July 5 – July 14:    ETH tops at $1,660 on July 5 and falls to $1,050 on July 14

July 14 – Sept 1    ETH bottoms at $1,050 on July 14 and rallies to $2,500 by 9/1

Bottom Line: Institutions that bought bitcoin in 2020 and 2021 may be forced to liquidate in 2022. It may be a flawed assumption to assume you are safe in bitcoin as a way to ride out this down move. Bitcoin could eventually become the epicenter of the down move. Ethereum volatility could also be stunning. There is a theoretical potential for large liquidations of ETH-based collateral inside the DeFi system.

Crypto Q&A with Bill Noble

Do you consider yourself an educator to all the “average joes” of mainstream society? If so, then do you enjoy it?

I am an educator who teaches people about the connection between the legacy markets and crypto.  I help crypto investors pick altcoins when times are good and educate them on risk management and capital preservation when times are bad. 

What is the biggest challenge when it comes to educating the masses?

When the market is going up, the fear of missing out (FOMO) can sometimes limit people’s patience. You can’t learn crypto in three days. So when the market is going up, people want buy recommendations to try and get the outsized returns often offered by crypto. When the market goes down, people get depressed and don’t want to study. So, I emphasize focus during bull markets and work ethic during bear markets.

What do you feel is the biggest hurdle for the mass adoption of crypto and other Web3 concepts?

The biggest hurdle for mass adoption of crypto has nothing to do with monetary policy, regulation, and price volatility. Crypto’s biggest problem is that the non-crypto investor sees crypto as a boring game played by nerds. Yes, you can make a lot of money investing in crypto. But most people think they have to know computer science to be in the game. Because the average person doesn’t understand crypto, they think it’s boring. For Web3 and crypto to be adopted, learning and investing in crypto has to be fun. People love Las Vegas even though they ALWAYS lose money. There will be no mass adoption if crypto remains “learn and lose,” with early adopters making money at the expense of naive latecomers. When crypto is fun, and people can shop in the metaverse and pay in Ethereum, the masses will come. I always try and tell people that crypto is fun. I try to make my show fun. I try and lead the way.

What is your prediction for the future as it relates to Web3? How do you envision blockchain & crypto being used in the distant future?

The future of Web3 is shopping. People will buy clothing in the metaverse. The clothing will come with a digital NFT that can earn rewards in the metaverse and real world. The physical clothing will have a QR code that gives you information about the artist or the collection. This will empower artists. It cuts out prominent clothing designers. It is also attractive to Gen Z, a group that spends a considerable percentage of its income on clothes. The future of Web 3 is a combination of the digital and physical world. The term people use is Phygital.

Which portion of Web3 Technology  do you feel have the largest humanitarian potential?

The only way to preserve human rights is to ensure the integrity of the voting process. The way to truly count votes is to have votes visible on a blockchain. So, if you want to protect the rights of the poor, make sure their voices are heard. I also think the NFTs could transform into wealthy people buying real art directly from individual artists or groups of artists. This type of art market could allow people in the emerging market world to create art and receive proceeds from art sales. This model would provide defacto donations to creative people who need to cover their basic income. It is Universal Basic Income (UBI) through art.

Which portion of Web3 Technology do you feel have the largest potential for growth and/or mass adoption?

DAOs in the fashion world will be used to give consumers a voice in what their favorite brands design and sell. I call it decentralized design. This voting process is the only way. Product lines that were sold on Web 2.0 platforms will only survive if they can give Gen Z a voice in design via Web 3.0. These “Design DAOs” will start in clothing and eventually move to other consumer discretionary items (i.e., cars) and eventually be used to design cities, towns, and local political systems.

What advice do you have for someone just getting into the world of Crypto and Web3?

The best way to start in crypto is to buy a small amount of bitcoin and Ethereum. Once people invest their money in the crypto ecosystem, their minds develop a laser focus. They begin to learn what makes the big cryptos move subconsciously. Once you have dealt with the emotional ups and downs of holding crypto, they should branch into NFTs. Buy something you like and put it on a t-shirt. If that process is more fun for you than going to Las Vegas, then repeat the process. If you stick with it, you may become a crypto investor and earn a lot more money than an investor in the stock market.

What is something that you’ve learned from being a Web3 Influencer?

It is better to be honest with people than tell them what they think they want to hear.

What do you feel are some responsibilities that fall upon a Web3 Influencer, and what are some standards that every content creator should cherish and abide by?

An influencer should set an example of what a professional analyst should provide traders and investors. Treat everyone equally, whether the investor is a trader or somebody in the emerging market world with very little money. I also think it is essential to have fun and make the delivery of the analysis interesting. Infotainment is better than basic information or mindless entertainment. We have a responsibility to maintain our audience and make it fun for them to learn and profit from the creation of Web 3.

Are there any “moral conflicts” that you’ve experienced throughout your career as a Web3 Influencer?

People want investment advice. This is true in every market. The key is to make sure people get the correct information that they can use to make their own decisions. So, we have an obligation to our readers to give them the best information possible. We also have a moral obligation to ourselves and our own families not to do or say anything that brings undue regulatory or legal scrutiny on ourselves.

What is some advice you’d have for a crypto enthusiast also wishing to become a Web3 Influencer?

If you want to become a Web3 influencer, you need to be a software programmer first. You need to give people tools and data to find crypto ideas and investments. The age of blah blah blah is over. You have to add value via software or a specific research framework. You also need to be proficient in TikTok. Making short videos is the future of Web 3 influencing.

What is something about crypto & blockchain that you absolutely love and adore?

I live for the day-to-day action in the crypto markets. I am on the air every day, and it is gratifying and exciting. That’s not to be confused with easy. It’s terrific to rise to the challenge of a daily market update.