Why do altcoins not follow when BTC rises, but drop harder than anyone else when BTC falls!
Currently, most altcoins exhibit this characteristic: PPT-style innovation! This means creating extremely enticing and boastful vision plans, and once they are launched on trading platforms, they start dumping heavily. Due to the increasing number of cryptocurrencies being launched nowadays, with varying qualities, altcoins have become extremely fragile and cannot withstand even slight disturbances. The fundamental reason for the severe decline of altcoins is:
When Bitcoin rises, altcoin trading becomes active, and many investors buy in, but the manipulators take the opportunity to sell off madly, continuously dumping their holdings. As a result, looking back at past performance, the growth of many altcoins is far less than that of Bitcoin. After all, the manipulators hold a large amount of chips, and with continuous selling, the coin prices naturally struggle to rise. The same goes for the downturn phase, where manipulators just focus on dumping, completely ignoring the need to support the market. Even if some investors attempt to buy the dip, the manipulators continue to sell off. In the past, launching coins in the crypto space was quite challenging, and manipulators placed great importance on chip distribution and concentration, carefully planning their control over the market, with stricter requirements from exchanges.
But the current state of the crypto space is entirely different. Just Binance alone has launched numerous projects such as USUAL, PENGU, CAT, VANA, ME, MOVE, ORCA, ACX, etc., all in a single month. Launching coins has become easy, and manipulators only need to continue dumping. If a project cannot sustain itself, they simply create a PPT to start the next project. With USDT and related resources, launching coins is as easy as drinking water, and exchanges lack effective regulation on this. If exchanges could force project parties to support their coins and take a firm stance, some project parties would inevitably take action, and the decline of altcoins might not be so severe.
This is the second time that most cryptocurrencies have been devalued in the market.
Even after records of $BTC were broken, the market remains uncertain and the decline has been significant, the losses have been greater than the gains in relation to cryptocurrencies.
What can be used now are strategies, buying the coins that have the greatest devaluations and studying them so that you have knowledge for future predictions of appreciation.
High expectations were for the cryptocurrencies $PEPE and $SHIB , but what they show are large drops in the famous candles.
I do not want to discourage you, user, but to alert you to reflect on when and how to invest in this volatile market.
💥NOTE: Analyzing the past general decline, there was one "survivor" of these cryptos in the market, it was 1MBABYDOGE, but right, what do I mean by that? The thing is that most beginner users invested all their resources in this cryptocurrency and after a few days, the price of the currency began to fall exponentially, creating losses. I recommend that you sell your coins before the whales, who sell their investments when the currency reaches at least something around 50%, so analyze the prices of the coins, being very careful with the investments you make.
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Stop Panicking: Alt Season Isn’t Over! Here’s All You Need to Know🚀
The crypto market often experiences a dump before the holidays, but this time it feels like more than just seasonal; it's pure manipulation. Remember, the crypto market is relatively new and easily manipulated. 😨 I've warned before about not over-leveraging because market makers and operators are out there to capitalize on your losses. 🎭 So, what should you do now?
✅Avoid Checking Your Portfolio:🔒 It's going to run back up; there's no need to worry.
✅Don't Shift Your Position: 🚫 Especially not from alts to BTC. That's precisely what market makers want you to do. Bitcoin dominance has retested, and I expect it to decrease until mid-January or early February, which means altcoins will soon pick up. 📉📈
✅Keep Emotions in Check: 😌 Letting emotions drive your decisions will only burn you. Stay calm.
✅Avoid Leverage: ⚖️ Wait for a clear breakout before you consider leveraging again.
✅Invest if You Have Liquidity:💧 If you have the cash, buy into coins that are following the Bitcoin trend.
✅Remember: 🧠 These corrections are normal between bull runs. They clear out leverage and set the stage for further gains. There's been no significant bad news in the crypto space recently. All leverage has been cleared, and liquidity is up, signaling that we'll head up soon. 🙌 Take profits when you can but stay the course.
Stay informed, stay patient, and remember, the alt season isn't over yet. 🙏🏻
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The market goes from bad to worse, it should have already fallen after fall, yes it even recovers but it doesn't go back to what it was before, in short a fall 📉
There had happened a strong manipulation to the buyside in order to get a new cycle. Just happened a inducement to the buyers,stopping the orders at 0,0011.This exercising as a perfect acumulation of Wyckoff. We are seeing strong volumes,meaning a increase of price soon.Maker is manipulating the buyers with FOMO, and we will see a Liquidity Sweep before the real movement happens. In the order book, there is a pending order of 1B orders to buy on the 0,00997.This will mean that most of the buyers will be taken out before the move actually happen. In the another instance,there are some sell orders being putten at the 0,0022.
🚨🚨 👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥 I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help. I appreciate your support!