#CryptocurrencyAlert

BTC is down 17% this week with BTC dominance at very high level. It was a very volatile week, decimated a lot of ALTs, some losing over 50%. It could be final sell-off before post-halving bullrun, but it could also be the start of a deeper correction. Halving is not be all & end all, could be buy the rumor sell the news event just like financial markets. We will eventually go up but nothing goes upstraight & vice versa, expect some sideways movement after halving. Learn patience & timely profit taking.

BTC can fall another 10-15% to load up more ALTs. RSI is at extreme oversold levels+price action not supportive by volume, I doubt we will go down more over the next days. Most likely an upward correction for 1-2 days, which will be sold off again. Be prepared for Sub 60k as liquidity below 60k is still untapped, whether the market sweeps it first or after halving, looking at the situation, likely it will be tapped first. I could be wrong. Downward levels are 58-55k before ATH.

ALT, mostly are testing/reaching resistance, which once was support & on avg nearest support is 20-25% down.

Set stop losses to last price as mark price can be jumped easily leading to liquidation.

Geopolitical issues made traders lose a lot & some all of it. Rising yields on bonds + extra ordinary uptrend in Gold (gold doesn’t move like this, as it’s mostly bought by central banks to hedge against unforeseen/things unknown to us), Prudence is advised.

No to leverage for time being, even how convincing the trade is, only 2x lev. can liquidate in case of 50% drop, Stick to top 100 mkt cap spot coins. It takes money to make money. At times no trade is a good trade, learn to cut losses quickly as profit/loss come & go, capital is only asset keeping us in the game. In case of capitulation event meme coins will fall most upto 80%.

Markets are around for thousands of years before us & will remain so after us, so No Rush/FOMO. Opportunities always come. Small gains adds into big gains.

Things remain uncertain, so be careful!!

Live to fight another day ☘️