Many will look at the prices plunging into the ground but if you zoom out and see the bigger picture you will notice that over the years Bitcoin generally goes up with some periods of downward momentum. So focus on bigger time frame and have less stress.
The crypto market is in full swing and has retraced. and has come back up a bit but this pull back may take a little longer. in my case DCA is a good option here. I'm not in a hurry to buy chunks but doing DCA so that I get average good.
The Bitcoin dominance chart has piers through a significant resistance level of 58% and the next resistance is at 60%. If Bitcoin closes the weekly candle below 60% then its a bit bullish for altcoins. And if it closes below 58% dominance then I would be a hell of a move for altcoins.
do your own research before making any investment.
Many crypto degens are anticipating more bullish momentum in Altcoins than Bitcoin but unless $BTC dominance weekly candle close below 52 Bitcoin could regain it's momentum leaving all altcoins behind. So keep an eye on the BTC.D chart for further decisions.
Bitcoin would perform very well if it closes the month above 90k but if it closes below the 90k level there is a chance of bigger correction. so watch out for the 90k level at the end of the month.
Bitcoin is now back above 100k psychological level and is showing a strong bullish momentum. If you study the previous bull runs you would notice that once the Bitcoin closes a monthly candle above it's previous bull market high then it also goes up for a few more months.
Airdrop is a "go to" path for the crypto projects now a days but most of the airdrops are useless they give you the amount of tokens so small that it's nothing and it's just a waste of time. But some of the projects do give a reasonable amount of tokens. So do your research before participating in an airdrop. #Zircut is a good project and it's running it's 3rd phase of airdrop.
The year 2024 is going to end and it has been awesome for most of the players who traded altcoins in Quarter one or just held $BTC in their portfolio. For margin/futures traders it was not a good year as their were record liquidations in this year. Some of you who are trading Altcoin now are most probably in profit. Don't forget to take some profits even if I also believe this gaining streak will last longer.
In the current cycle almost everyone is bearish on the mighty Ethereum but keep in mind that $ETH is the only Blockchain that has most developer and development activity on the Blockchain. It has a wide range of narrative and domains in the whole crypto space. It's the second largest crypto Asset and is second to none in Altcoin space. Personally I think it is the right time to swap Bitcoin to ETH for greater returns.
you are right but we are in a market condition where technical analysis don't do well anymore.
Coin Breakdown
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If you don't want to lose your small investment amount then don't do future or margin trading. just buy any coin or coins all gonna do well in #altsesaon . Not a financial advice of course.
BSC chain AKA Binance Smart Chain is one of the chains that have gems in them. If you study previous bull market you will find out that there were many coins and tokens in the Binance Smart Chain that did very well. So this time is not different tokens on this chain would do well in the current bull run as well. Specially pay attention to the tokens that are launched through Binance LaunchPool.
GameFi was one of the best performing sectors in the last bull run but this cycle it's not yet picked up so pay attention to this sector as it's going to be in the news again this cycle. AI coins have a fantastic run this cycle and have cooled off a bit but it's gonna boom again $GALA $BEAMX $SAGA
Bitcoin has moved a lot since the bull run started in late 2022 and has out performed almost all of the altcoins altogether. Many of us are waiting and preparing for the Altcoin season which is perfectly fine because the Bitcoin dominance has risen a lot from it's low of 2022 But keep in mind that it can still out perform altcoins specially in the short term because $BTC dominance still does not showing any sign of reversal.