Not your typical binance feed post, this is not about any bullshit magical forecast but rather a calm and calculated take on today's movement.
#BTC seems to continue consolidating.
Some altcoins are trying to catch up to top movers.
Today:
#XRP still going up, fourth week in a row.
#BTC.D trickling down.
And another day in extreme greed territory.
Be careful with your trades, markets are extra volatile.
The possibilities are:
1. Money circulates out of Bitcoin into altcoin sector. Main beneficiaries are L1's. Rally continues as Bitcoin dominance falls.
2. Bitcoin breaks 100000$ psychological barrier, takes top performing altcoins into a rally for some new levels.
3.Bitcoin cools down, seeking for support liquidity, paper hands get shaken out. The rally steadily builds momentum and support.
4.Overheated market crumbles all at once, sending cascading Bull liquidations into the ground.
What are your thoughts? Share them in the comments.
Im not a financial advisor and as such this is not a financial advice.
