The interesting thing is that a lot tend to forget about low price entry once we start seeing massive buys, I still feel that for spot trading it is best to capitalize on every possible move, but understanding price must get to $12k is KEY.
Understand that every market must ascend and descend ( which is known as impulse and retracement) right now BTC is currently in a minor down trend and we will see buys coming in at $28,191 region, donât miss the next move to $35,000.
Cryptocurrencies have a wide range of sentiments associated with them, depending on the context and the individual's perspective. Here are some common sentiments associated with cryptocurrencies:
Positive sentiments:
- Potential for high returns on investment
- Decentralization and independence from government control
- Security and anonymity of transactions
- Potential for disrupting traditional financial systems
- Technological innovation and advancement
- Community-driven development and governance
Negative sentiments:
- High volatility and risk of losses
- Lack of regulation and potential for fraud and scams
- Environmental concerns related to energy consumption in mining
- Perceived association with illegal activities
- Limited real-world adoption and acceptance
- Difficulty in understanding and using for non-technical users
It is important to note that the sentiments associated with cryptocurrencies are subject to change and can vary depending on the individual, the time period, and the specific cryptocurrency in question.
Rare Technical Hack đ±đł As seen in the image below, is a flip zone entry, the funny this is that this is used by all technical experts, the cool thing is due to fundamentals obvious demand & supply levels are been ignored but flip zones are still respected.
On the weekly Timeframe, XRP is on the third touch of the trend line, we are going to see massive buy indications after the break. Spot buys ($0.3540 - $0.4013 ), target at $1.9839 in coming months. Donât miss this move.
https://www.tradingview.com/x/r7zRJzuw/ ( for clear image)
With DXY (USD DOLLAR) suffering from different economical and fundamental factors, BTC has been performing great lately, today we tapped into $31k and the next major target is $35,000.
Major industries are investing tirelessly in bitcoin and recently there has been a lot of fundamental information favoring crypto at the moment and for me the major targets to watch is $35,000 and then we can also get to $40,000 before end of June 2023.
Does fundamentals affects crypto, the answer is YES. However, cryptocurrency markets can be highly volatile and influenced by a wide range of factors, such as speculative trading & market manipulation.
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