Bitcoin today fell to the level of $29,000 and thus provoked a wave of panic in the market. Many alts are seriously ill, most of them fall by 20-30 percent. But even among them there is an absolute champion #LUNA. Despite all the prospects of the project, the coin lost 90% of its value in a day, and if you count from ATN - 99.5%. It is clear that there is a whole story revolving around the dump with its undercover games, but for us this is a great reminder that you need to diversify your portfolio wisely and how powerfully to put adequate stops more often.
The fear and greed index is already showing extremely low values, from which we have very often reversed before. Therefore, if you believe Buffett, then buying when blood is shed in the markets can already be partially begun.
The fear and greed index is already showing extremely low values, from which we have very often reversed before. Therefore, if you believe Buffett, then buying when blood is shed in the markets can already be partially begun.
Meanwhile, the bitcoin hash rate continues to update all-time highs (cryptoquant). At the same time, the BTC price is still in correction, usually such a divergence led to an increase in the cost of the main cryptocurrency. Against the background of eight closed unprofitable weeks in a row, such a scenario looks very plausible. A rebound should definitely happen in the next couple of weeks.
But globally, the time is not right now for optimism. The tightening of monetary policy in the US is pulling many markets down, including cryptocurrency.
But globally, the time is not right now for optimism. The tightening of monetary policy in the US is pulling many markets down, including cryptocurrency.
Already soon a month as the index of fear and greed will be in the zone of extreme fear. Exactly the same thing happened in March 2020 and the end of 2018, when the crypto market hit the bottom. Subsequently, both times we received uptrends with X's. The only question is whether history will repeat itself.
But according to the index, now is one of the best moments to buy before rising🚀
But according to the index, now is one of the best moments to buy before rising🚀
The level of capitulation of long-term BTC investors has reached the extreme zone (SOPR metric from CryptoQuant). This is where the final phase of the bear market and the reversal historically took place. This, of course, does not exclude the possibility of a further fall and a new stage of accumulation several months long, but globally the sign is positive.
According to Peter Brandt, the worst-case scenario for Bitcoin would be a fall to $13,000. This will be a full-fledged development of the double top pattern.
However, these are already obvious things. The chances of seeing a good rebound from $20,000 are very high, but getting a full reversal is doubtful.
However, these are already obvious things. The chances of seeing a good rebound from $20,000 are very high, but getting a full reversal is doubtful.
Authoritative trader Peter Brandt believes that Ethereum may fall to the $300 area if the Head and Shoulders reversal pattern is fully worked out. At least for the current ones, he definitely does not want to buy.
Recently, all forecasts are like a selection - all pessimistic and one is worse than the other. But the simple truth that you need to buy when blood is shed in the markets and everyone is scared, has always worked flawlessly and brought excellent profits 🚀
Recently, all forecasts are like a selection - all pessimistic and one is worse than the other. But the simple truth that you need to buy when blood is shed in the markets and everyone is scared, has always worked flawlessly and brought excellent profits 🚀
Plan B Analyst:
The reason most people don't buy at 20k is the same reason they didn't sell at 60k. Fear and greed. The first is because they are afraid of a further fall, the second is because they want to catch the very bottom.
But let's be honest, it's almost impossible to catch extremes perfectly. But everyone can follow the strategy of buying on the decline and selling on the growth.
And yes, the majority will still do the opposite, because. in the markets they are ruled by emotion, not logic.
The reason most people don't buy at 20k is the same reason they didn't sell at 60k. Fear and greed. The first is because they are afraid of a further fall, the second is because they want to catch the very bottom.
But let's be honest, it's almost impossible to catch extremes perfectly. But everyone can follow the strategy of buying on the decline and selling on the growth.
And yes, the majority will still do the opposite, because. in the markets they are ruled by emotion, not logic.
Tether has reduced the volume of commercial notes among reserves from $45 billion to $8.4 billion and plans to reduce them to zero in the near future. CTO Tether said that the company's balance sheet is now stronger than ever.
At the same time, USDT remains the leader of the stablecoin market with a capitalization of $66.8 billion and a daily trading volume of $13.69 billion. In second place is the USDC stable. (Cryptorank)
At the same time, USDT remains the leader of the stablecoin market with a capitalization of $66.8 billion and a daily trading volume of $13.69 billion. In second place is the USDC stable. (Cryptorank)
The situation in the military-technical cooperation is still frankly not encouraging. According to CryptoQuant, the level of leverage is still very high.
Taking into account the hopeless situation in macroeconomics and the fixation of the MA below 200 during the week, there is still room to go down and take out the strongest hodlers.
At the same time, I don’t expect a frank drain either. Chatter with small breaks and drawing divers, as a rule, completes the correction cycle.
Taking into account the hopeless situation in macroeconomics and the fixation of the MA below 200 during the week, there is still room to go down and take out the strongest hodlers.
At the same time, I don’t expect a frank drain either. Chatter with small breaks and drawing divers, as a rule, completes the correction cycle.
While the volume of sales in the NFT sector has been falling for a long time and has already reached a minimum for the last year, a very interesting trend has emerged. Sales on the Solana network began to significantly exceed trading on the Ethereum network. For Ethereum investors, this is a serious wake-up call that it is time to diversify.
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Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX.
Equilibrium runs money market with collateralization requirements as low as 105%! Also they’re building the first orderbook DEX on Polkadot with leverage up to 20X.
🎁 They offer HUGE benefits for the participants:
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https://equilibrium.io/en/republic-offering
https://equilibrium.io/en/eq-token
https://republic.com/equilibrium-disclaimer
Binance CEO Faces Flak Over “Irresponsible” Uniswap Tweet, Here’s Why
https://bit.ly/3nRPBbb
https://bit.ly/3nRPBbb