If you check my previous ideas (can't remember if here or on a social I can't mention here because "rules" but you can figure it out) there was a small support which has been cleaned multiple times by BTC, so now next target is the 24-24.8K area. BTC is forming a bullish DIV but I think it's still too weak
Both
BTC.D
(check this chart:
)and
USDT.D
(check this chart: www.tradingview.com/x/Si4QKCGt/) are going up showing that people are selling altcoins and moving money into Bitcoin and stablecoins. I don't show it here but even USDC.D is going up although it has a smaller share of the market.
Meaning: despite what the crypto twitter influencers told you altseason is FAR, new lows has to be expected and I feel that my bearishness is now justified.
However, by experience I can tell you that you'll recognize the bottom when it'll be too late so the only reasonable thing you can do is to follow this list:
1) identify the crypto you think have a good potential ROI;
2) start DCA;
3) don't throw insane amount of money in every buy, just be consistent, don't bet
4) JOLLY: buy more only if you've decent TA capability and recognize market reaches a point that it's likely to be the bottom
Good luck
Both
BTC.D
(check this chart:
USDT.D
(check this chart: www.tradingview.com/x/Si4QKCGt/) are going up showing that people are selling altcoins and moving money into Bitcoin and stablecoins. I don't show it here but even USDC.D is going up although it has a smaller share of the market. Meaning: despite what the crypto twitter influencers told you altseason is FAR, new lows has to be expected and I feel that my bearishness is now justified.
However, by experience I can tell you that you'll recognize the bottom when it'll be too late so the only reasonable thing you can do is to follow this list:
1) identify the crypto you think have a good potential ROI;
2) start DCA;
3) don't throw insane amount of money in every buy, just be consistent, don't bet
4) JOLLY: buy more only if you've decent TA capability and recognize market reaches a point that it's likely to be the bottom
Good luck