Simple analysis but looking at trading volumes of bitcoin and alt coins, the SEC lawsuit and impending regulation will see the golden age of pump and dump to be officially over.
Over longer term Bitcoin should be the number 1 crypto coin, many of the alt coins will unfortunately die off as investors will move away from meme coins due to lack of volume leaving the retail traders to HODL as per norm.
Should the SEC filing subside and/or resolve in favour of crypto, we can expect a major rally at the end of 2023, so have stop losses and be very careful.
Over longer term Bitcoin should be the number 1 crypto coin, many of the alt coins will unfortunately die off as investors will move away from meme coins due to lack of volume leaving the retail traders to HODL as per norm.
Should the SEC filing subside and/or resolve in favour of crypto, we can expect a major rally at the end of 2023, so have stop losses and be very careful.
Comment:
Beautiful play out on the pair. Now to retrace back to 28's or push toward 32k
Comment:
Pair played out perfectly towards 32k where we can see a clear retracement back down to the supply zone of 28 - 29k