Alt season approaching soon as BTC dominance once retraces to levels given in the chart alts will pump 🚀🚀🚀
Never put all your eggs in one basket thus never put all your money on just one trade.
This is not a financial advice, please do your own research (DYOR) also keeping in mind the developing geopolitical situation, use proper risk management.. given the precarious situation please avoid leverage / margin at all costs… 🙏
We might have a BTC pre halving crash sub 60k due to geopolitical tensions and liquidity pool below 60k. Targets 58k-55k.
Previously unfulfilled wick will be filled around 59/58k in case of geopolitical instability and capitulation event we may see a correction to 55k… coming most probably in 2-4 days..
This is not a financial advice, please do your own research (DYOR) also keeping in mind the developing geopolitical situation, use proper risk management..
BTC dominance has broken around 6 months of consolidation and is currently at 55.72%, meaning money is flowing out of most alt coins and moving into BTC. At such or higher levels most if not all Alts will drop in price high to mid caps (as we already know when BTC dominance rise, alts drops because of money flows).
It is expected that BTC dominance or BTC.D due to halving will rise to 59-60% and then take a drop from there to below 50%. That in my opinion will be a good time to buy and accumulate alts as alt season will start after BTC halving.
This is not a financial advice, please do your own research (DYOR) also keeping in mind the developing geopolitical situation, use proper risk management..
#NMR/USDT has reached demand zone and entry can be taken at 16 and exit around 30.. spot call. Wait for entry.
This is not a financial advice, please do your own research (DYOR) also keeping in mind the developing geopolitical situation, use proper risk management
Ethereum (ETH) will test 2700-3000 levels in coming days max by 20th. Due to volatility in markets shorts are not advised.
This is not a financial advice, please do your own research (DYOR) also keeping in mind the developing geopolitical situation, use proper risk management..
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.