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CRYPTO MECHANIC
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CRYPTO MECHANIC
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Many of you are asking me or wondering why bitcoin is going up while Altcoins are going down only. I'll drop some thoughts about why it is happening. 1- When bitcoin leads Altcoins least likely to follow, This is how the money flows into crypto it goes into Bitcoin first and then likely into Altcoins. But it will always be difficult to find which Altcoin or category will perform as there are now so many options. 2- Big players are more interested in buying bitcoin. 3- Like i said People now have so many options to trade, so maybe the one I'm holding or you're holding doesn't go up at all. so it's always better to have the ones that are getting some volume and are in a clean uptrend. 4- It's always the retailers who pump altcoins and they are now more interested in meme coins. There was a time when people were chasing Altcoins on leverage trading but now they got the bigger gambles "memecoins" I think these are the few factors affecting the Altcoins market. Good Altcoins will eventually do well imo. what do you think about it ?
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$SUI Breaking below the consolidation zone. it's a sign of weakness as long as price doesn't bounce back above the broken lows.
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Expecting ETHBTC pair to find a bottom around this zone. Meanwhile $ETH USD holding well above $3000 so i think there will be one more move up.
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2018 i sold 6 BTC and bought a house. It's now worth 0.5 BTC. Hehe 😂
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People are making millions trading memecoins and here i am waiting for my fundamentally strong Altcoins to give me a 10% move. I'm not sad 🥲
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