I find it quite funny how the same patterns occur five times so far. I find it even funnier that I haven't been able to capitalize on them 😂
No no, for real though, there's a high chance we witness increased #BTC dominance until the king reaches new all time highs. On contrary, it might be wise to exit some alt positions and wait for a better opportunity. I'll probably sell something just in case my thesis proves right - tired of not listening to my own advice.
We almost reached $60K.
The round number psychological barrier proved to be the case once again. Btc reached $59 999,96 before a small decline and if I had to guess, next stop will be $70K.
Jeez, I went to exercise and #Hive went down 10%, crypto volatility at its finest haha.
Sure nothing can be compared to the latest market crash where the whole market got wiped out for 40% - bad old days haha.
Buckle up lads, volatility will be fucking huge and this may be the best time to start thinking of taking some profits during the pump cycles.
Don't get left behind.
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The volume is significant, there are people who believe that the fact that there is more volume moving in the last 24 hours is negative but it is quite opposite, the more volume the more buying force enters the market, on the contrary, the less volume. ..possible disaster. What you also have to control is the greed and fear index since we are in "Greed" mood and that is positive although it could lead to the bulls taking some profit (60k is an extremely strong psychological level). Today we have quickly touched the 60k to retest the 58.3 area, a great support in my opinion, if we manage to stay above it it is very likely that we will see high volatility and BTC coming back to its ATH, probably sooner than people expect.
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Sorry for a late response but I was quite busy yesterday.
Sure, the volume is important and most of my trades are based on the trading volume.
#BTC bulls are back.
Presently the Bitcoin market is one that has been filled with many speculations that have actually lead many people to loss . However for long term investors, Bitcoin will surely live up to it's expectations. Patience is all that can help investors benefit very well from it.