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Kraken322
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Going long on any
alt
at the moment is a grave mistake. I repeat, Grave mistake. Be careful .
BTC
Ethv
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Market Summary in short: Bitcoin has surged 43.48% above its 2021 peak of $69,000, reaching $99,000, signaling a significant price increase. However, Ethereum remains 32.22% below its 2021 all-time high of $4,868, sitting at $3,300. This disparity suggests the market isn't in a broad-based bull phase but rather reflects a Bitcoin-specific rally, potentially aimed at creating panic and confusion among retail investors. Broader altcoin momentum, typically seen in a bull market, is lacking, confirming that this is not a traditional crypto bull run. #btc #sol
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The BTC long-short ratio indicates that the market is likely to liquidate all major short positions. At that point, many people might start going long, assuming BTC will keep climbing. However, the market is highly likely to crash/correct afterward.
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I might be doing something you people call FOMO, but you see, most of us aren't rich—the majority are mediocre. I'm trying to gain some financial benefits from crypto as BTC is heading towards new highs, while alts aren't even moving. I’m actually cashing out 25% of all assets that have surpassed their average price and keeping the rest. The liquidity is being reused for better price entries. Many of you might not agree, but the market is bound for a major correction, no matter when it comes, and at that point, I’ll be ready to enter again. This is what I call strategic orientation: if my coins go to the moon, that's completely fine; if they don't, I’ll secure a better entry price. KYM (Know Your Market), DYOR (Do Your Own Research). #BTC
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Hello, everyone! I’m sharing some insights from fellow Binance accounts, highlighting why I’m staying away from futures trading for now. Futures require extremely favorable market conditions to execute properly. Even with careful risk management, small parts of your capital can still get liquidated. Right now, the market is uncertain: BTC's direction: We’re unsure how much higher it will go. BTC dominance: Will it increase further while alt coins continue to bleed? Whale manipulation: It’s not difficult for whales to pump the most speculative alt coins on shorts, causing unexpected swings. In such a volatile environment, I urge everyone to stay cautious and vigilant. Protect your capital, and don’t rush into trades, particularly, futures. Good luck and trade safe!
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The first image shows the current BTC dominance chart, while the second is from the last bull run in November 2021. As you can see, BTC dominance needs to decrease for an alt season to occur. If you're holding alts and your portfolio isn't moving, it's completely understandable to feel frustrated at this point. #BTC #ETH #solonapumping
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