Potential $BTC Zone where I'm interested in buying the dip w | CRYPTO MECHANIC sur Binance Square

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CRYPTO MECHANIC

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Potentiel $BTC Zone où je suis intéressé à acheter le dip quand il arrive.

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BTC

58 531,22

-1.62%

5.8k

0

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How is it going to be on crypto ?

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Getting multiple requests to look at $RARE Price is up over 400% in a few days. Moves like this are usually happens when rest of the market is dead. A dead coin starts pumping randomly is very normal in market conditions like this. People like to chase candles and when they see their coins aren't moving they sell it and chase the one going up and this makes the move more sharper. Plus the futures traders, Their high leverage longs and shorts liquidations fuel the move. Technically approaching the key zone on chart and i don't think it's wise to buy it knowing that price is up over 400% and at the key zone on chart.

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When i look at some of these Blue chip Altcoins, I am literally failed to understand what kind of Bull market we are in.

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I was going through #GOLD chart and i see it's breaking into the new highs and price was printing continuous higher highs and higher lows. And on the other side we have #BTC printing lower highs and lower lows. Gold is supposed to be a hedge against inflation , A safe heaven in War conditions and every uncertainty in the world and no doubts Gold proved to be it all the time. Gold is probably also going up in anticipation of FED cutting rates. I never compare Bitcoin with Gold because i don't see it ever reaching that level. But looking at Gold chart one question came in my mind what reasons do $BTC have to go down? Govt selling? Mtgox repayments? I don't know when this lower highs or lower lows series will end but I personally think Deep dips are good opportunity to play big swings on SPOT. I have no good setup on BTC right now but i think there will be a great opportunity for us to play, have to be patient for it.

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