#GALA
2025.01.09
UTC 06:40
What is the market teaching us?
No matter what GALA or any other coin, the general situation does not look good at the moment. Why did we choose GALA? That's why its targets are clear.
There is no need to make a very long analysis. No one can positively interpret the formation of a gray sales area just above the demand area. When it exceeded the demand area, it had to make a re-test. This expectation failed with the formation of a gray sales area.
It should not break this green area down.
Let's make a general assessment.
- Unfortunately, BTC does not allow altcoins. The biggest reason for this is that big whales focused more on BTC after the BTC ETF approval. It is a long topic in itself.
- The money coming to the crypto market increases exponentially every year with the influence of social media. Trillions of dollars unattended in a market without regulation and supervision.
-Would countries that finance wars and have economic difficulties all over the world ignore this uncontrolled money? That's why rallies are short, corrections are long.
-It is very easy to supply coins to the market without control. Hundreds of junk coins have been supplied in the last 2-3 years. Most of them have gone bankrupt. (A research topic that will take weeks) For example, last month a coin that was going to be delisted (gifto) produced 1.2 billion extra coins, sold them on various exchanges and ran away. How was such a thing allowed?
-Hundreds of junk coins whose purpose is not even clear anymore, no one knows. 50x 100x dream.
-I wouldn't be surprised if it turns into a weapon that countries will use to sink each other in the near future.
Unfortunately, it is not possible to explain a general market analysis in detail on 1 page.
Where have we come to? Take profit wherever you see an increase on the spot side. This market does not promise anything else.
If I think so negatively, what am I doing in this market?
Too little spot, too many futures transactions.When the time comes, I will leave the spotlight completely.
