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Wanna put some ALT in your bag? BE PATIENCE!As I mentioned in my previous post "Bitcoin to the Moon?", we definitely have not yet reached the bull run. AND YOU KNOW WHAT'S WORSE THAN THAT? It's the sorrowful state of altcoins! As we saw in mid-January, Bitcoin's price finally reacted strongly after a long period of sideways movement at the bottom, with a brave roar of a 50% price rise. At that time, the entire crypto market responded positively to "Big Brother," ( interestingly enough, the most successful gainer was Aptos (APT). ) However, things took an abnormal turn with recent events. Bitcoin retraced to 19.5K and then quickly pumped over 20% in mere three days, reaching a new (hourly) all-time high of 2023. While Bitcoin's price jumped up and down enthusiastically, what happened to other altcoins? 🤔🤔 They only weakly gained a few percent and seemed to have exhausted their steam. They got too tired to jump another single rope. They’re not ready, man! I'm pessimistic about the situation, even though there are some alts I really want to add to my portfolio. As traders, it's our duty to keep a cool head. While others blindly jump on the train, we see through the reality, calm our greed and fear, and look for a better seat. It may be altcoin's era next month, next quarter, or even next year, idw What I do know is: IT'S NOT TODAY!
SShort
by vietthien2
$CGC bout to be "coming down" I believe...CGC Has run into multiple resistance trendlines coming into their ER release. I look for this to break it out of the current mini bear flag it's currently riding in, and send down toward support in the 27's area. At that point this stock is a long term add in my opinion. The industry will continue to grow, and this company will continue to find ways to grow with it. Short term I think it's "coming down", but after it does buy the hell out of the dip and get high along with Canopy Growth. Happy hunting and GLTA!!
CShort
by UnknownUnicorn1314136