THE TIME OF TRUTH HAS ARRIVED! Fasten your seatbelts!
This week will be crucial for $BTC and here I explain why!
1- #btc is still oscillating within the ascending triangle, with a strong tendency to break upwards in the coming days. This is because you have been testing resistance for days and trying to break it at the top of the channel.
2- Volume falling and little volatility. I like to say it's the calm before the storm. Whenever this occurs, there are always strong movements.
3- The Bitcoin crash should occur this week, so don't prepare!
4- What about #altcoins ? Bitcoin's dominance continues to rise. I don't believe it will go above 58%, as long as we are below 61%, we are fine! Since we would be making a lower high. There is a chance that this next BTC move will cause altcoins to rally sharply.
5- What about $FET , $RENDER ? The market for #ai has not received enough attention. I still see it as very devalued, especially for currencies that don't even have ready-made products.
In the case of FET, it is within a descending triangle for both FET/BTC and FET/USDT, in most cases a break of this pattern would result in a retest at $2.2 and shortly after $3 and $3.4
Would selling altcoins be a good solution? I believe it is not very risky, you could sell it now and in a few days it will rise 20-30%, forcing you to buy again a much smaller amount of coins.
This is not financial advice, do your own research. The most important thing of all is to have a strong mentality and balanced emotions.
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