Btc will always find a way to make us work for it! Just few weeks ago.it was all fun and cruise with memes, metaverse ,Gamies and shitty coins ..and for a while i was so glad and wished these groupies can at least take back some huge market strength from Btc and its coven of defi witches (Lmao)... Alas! Btc will always win for now. Dude got a PhD on how to mess things up.
As i always say TA, On-chain metrics etc. are all predictive tools. As long as crypto market stays wild and unregulated, always expect extreme times like what is happening right now reason i don't regret taking profits and exiting trades as they come.
If you are on long term projects...breathe and relax! What is happening today shouldn't bother you at all...in fact! it doesn't concern you.
Right now, i am keeping that trend line that way cos it looks like it is just following the trend line( at least that is what i see for now) on the Weekly. It will definitely get better and BTC is still bullish (see Monthly )because we are still having a HL and HH... So it might actually take the market like about one more month or 2 to get out of this phase and continue up.
ATM..a whole lot of Alts are atdiscount..some looking over sold on RSi, if you can EP in... with little moves from btc, they can 100x .
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Come to think of it now....that looks like a bearish "M"...by a missed spike..hmmmm.
It is a blood bath. Brought on by Louis Navallier’s comments on the Fed tapering down and bitcoin going down to US 10k. Which coins would you back for the 100x recovery? I do think the metaverse coins are here to stay.. its where the world is moving FB as well as a number of nasdaq listed tech companies are focusing on the metaverse.. not only in crypto But in every aspect of life.
I think most cryptos are really just speculative and one needs to adopt that mindset otherwise u experience heavy losses. There are only a few coins with real utility and actual use cases coins like xrp. I think the metaverse coins like Sand will also be big given its actual use case in line with where the world is moving in terms of alternate reality
Syl-Crypt
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@FFG2501, I am watching all Tron based tokens ATM....They seem to be holding their positions so well... Also bnb,Luna,Avax,sol,bepro,xtz,mbox,Alice,Trias,Dag,sylo,front...i mean there is a whole bunch of them
Sand,and Mana are also holding out well. Cwar,Hero,gal..dipped...I Am kinda expecting more down before I go in