Why don't #altcoins stop falling? Are you experiencing significant losses? Should you sell or buy?
With the rise of $BTC rising little by little, it caused all altcoins to fall and Bitcoin's dominance to rise.
Some important points
1-Bitcoin's break above $105k in my analysis was weak... little volume, little strength. A bigger break was expected, with more volume and at least close to 115k. This indicates that #bitcoin , despite rising, is not that strong in the short term.
2- #altcoins , in this scenario, is seen as breathless being sold for Bitcoin. I don't feel safe holding any altcoin. Since if Bitcoin falls or has some kind of correction before rising further, we will have big drops. In other words, an opportunity to buy at cheaper prices.
3- $FET is almost out of strength, it needed to hold the resistance indicated in the attached photo. However, I see that a downward break is inevitable. In the short term, I believe that we can reach 1.5 or even 1.4 shortly before going up. This movement may occur quickly in 1-3 days. It would not be very healthy and would not show signs of strength.
4- $AAVE surprised me this week, I believe it is the latest trend. The financing system is a loan with crypto collateral. It only tends to grow in this market since EVERYONE, when they see the market going up, will lend money wherever they can to invest. In some cases, the profits from crypto will pay off the loans
As always, do your own research, this is not financial advice.
Good luck to everyone, remember, the bull market has not even started yet. We have at least 4-6 more months!