Now that was unexpected, at least for some people trading with leverage. A lot of people got liquidated, which explains the huge candle as Bitcoins dumps 7k in value (around 11% drop). A short term correction was expected, maybe not of this scale though.
Price now trades at 46k$, which is a solid base on the 4 hours chart.
█ Why you should look into Altcoins
From the very beginning, most of the value was stored in Bitcoin, and with time, it started flowing to other projects. To a point where the Bitcoin dominance has never been back above 70% since 2018. The trend in Bitcoin dominance is to the downside, which lower highs and lower lows being created in dominance %. (I am not saying that Bitcoin price is trending bearish. I am just comparing the total crypto cap and where it is going.)
However, looking at altcoins, the trend is rather bullish, and we can expect a 3T $ market cap by 2022. The total capital put into altcoins never quit growing, creating new highs every time.
Altcoins themselves have all a smaller market cap than Bitcoin, which means they are less safe, but they are also showing much bigger returns than Bitcoin.
This is why, in my strategy, I will be splitting my capital in both Bitcoin and Altcoins, allowing security with Bitcoin, and a higher risk for a higher rewards with Altcoins. The split is about 50% each, but we could go 40% bitcoin and 60% altcoins since from all the market cap put into crypto, 40% is into bitcoin.
Just today, if you were looking for an entry, it might be the right time:
DOGEUSDT
LINKUSDT
XRPUSDT
LTCUSDT
DASHUSDT
TRXUSDT
UNIUSDT
EOSUSDT
NEOUSDT
DOTUSDT
MATICUSDT
ADAUSDT
The list goes on...
Disclaimer: This is NOT a financial advice
Price now trades at 46k$, which is a solid base on the 4 hours chart.
█ Why you should look into Altcoins
From the very beginning, most of the value was stored in Bitcoin, and with time, it started flowing to other projects. To a point where the Bitcoin dominance has never been back above 70% since 2018. The trend in Bitcoin dominance is to the downside, which lower highs and lower lows being created in dominance %. (I am not saying that Bitcoin price is trending bearish. I am just comparing the total crypto cap and where it is going.)
However, looking at altcoins, the trend is rather bullish, and we can expect a 3T $ market cap by 2022. The total capital put into altcoins never quit growing, creating new highs every time.
Altcoins themselves have all a smaller market cap than Bitcoin, which means they are less safe, but they are also showing much bigger returns than Bitcoin.
This is why, in my strategy, I will be splitting my capital in both Bitcoin and Altcoins, allowing security with Bitcoin, and a higher risk for a higher rewards with Altcoins. The split is about 50% each, but we could go 40% bitcoin and 60% altcoins since from all the market cap put into crypto, 40% is into bitcoin.
Just today, if you were looking for an entry, it might be the right time:
DOGEUSDT
LINKUSDT
XRPUSDT
LTCUSDT
DASHUSDT
TRXUSDT
UNIUSDT
EOSUSDT
NEOUSDT
DOTUSDT
MATICUSDT
ADAUSDT
The list goes on...
Disclaimer: This is NOT a financial advice
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.