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CRYPTO MECHANIC
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If you watched today's stream i did a few hours before.
you know this chart
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CRYPTO MECHANIC
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7 years ago today Bitcoin dumped 30% in one day from $15.7k to 10.8k and i was witnessing it live 😄 And today we witnessed it on Altcoins.
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i Was going through 2021 Bull market and found that Altcoins Dropped 50-60% on average in 2021 bull market and it goes for new highs again. Take a look at the pictures i attached. $ETH dropped 60% despite being the second biggest crypto. $SOL did almost 50% and $DOT faced 78% dump. We are in a similar situation right now I don't know if we will see new highs on every Altcoin. Not every coin will make it that far but i do know we are still in a bull market as long as Bitcoin is holding fine and I don't see any changes on BTC.
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We'll discuss Altcoins on monday. I want to see some High timeframe closes before i post the charts. Monday new weekly opens so we will have a better picture. Enjoy your weekend and do not get liquidated :)
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Just get to know that people are selling their other Alts to buy $USUAL because it's going up. Why would you even do that? stop chasing other coins just because you want to recover your losses. it's very likely that you are selling the bottom and buying the top.
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My friend just deposited fresh cash to buy more Altcoins. He is trading for 8 years and he is a very profitable trader. Is it a right decision?
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