Market Update | Bitcoin, Alts and Bitcoin Dominance
Hello traders,
- there is something interesting happened !!
- It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !!
- Bitcoin dominance is going down as expected before and we are already started a mini alt season.
- TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there.
- this retracement will give us a chance to fill our bags in lower prices before another up rally.
- in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops.
- it's important to keep in mind that the crypto market may experience significant drops at any given time.
- While these drops can provide opportunities to make money, it's crucial to approach them with caution.
- To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise.
- As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively.
Really thanks !!
leaving like and comment is appreciated !!
- there is something interesting happened !!
- It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !!
- Bitcoin dominance is going down as expected before and we are already started a mini alt season.
- TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there.
- this retracement will give us a chance to fill our bags in lower prices before another up rally.
- in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops.
- it's important to keep in mind that the crypto market may experience significant drops at any given time.
- While these drops can provide opportunities to make money, it's crucial to approach them with caution.
- To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise.
- As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively.
Really thanks !!
leaving like and comment is appreciated !!
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