$BTC is strongly bearish. It is in overbought state. It has to retest major supports before breakout. It is moving just with news. What about upcoming US elections? What about Japan interest rate? What about US stocks at peak in overbought state? What about Cup and Handle pattern forming on weekly and monthly chart?
$BTC All those who are predicting bear after FED rate cut. Let me explain a simple thing, FED will cut rate means more liquidity injection, more money in market circulation and more money in hands of people. Now decide yourself, whatever is the cut rate, itâs going to weaken USD and strengthening BTC, $ETH $SOL and other alt coins. BTC is alternative of avoiding inflation effects. It is digital gold. It is not something which breaks away with USD. #FOMC #FedRateDecisions #FedRateCut DYOR NFA
FED is going to cut interest rate which makes all risk assets including $BTC $ETH $BNB stronger and highly bullish. And the people are selling like doomâs day is coming. đ Whales always try to manipulate market sentiments to prevent you from right entry and you enter market late when there is greed.
As I mentioned in my previous post $BTC is bearish when everyone was calling it bullish. I am still bearish on $BTC because CPI or Core CPI data will again surprise and raise questions about FED rate cut.
$BTC âs recent gains are just a bullish trap for retailers. BTC has to visit $52000 before starting a bull-run. Marketâs sentiments show extreme fear, then how price has increased that far? Bollinger bands have been broken out which clearly shows correction is pending. Further, market is going to be highly volatile due to FED policy, CPI data and many other factors. Follow me for more analysis.
LTC market cap is continuously growing with RSI, EMA, MACD and other indicators showing highly bullish sentiments. Further a falling wedge pattern can be seen in day chart which is sign of upward movement. Daily chart has RSI 55.76 which has crossed signal line. Next target on few days is 77 USDT and then $89 and then $99 and then $113.19.
Alt coins season has not started yet. ETH has already followed the rally during last week. Now it is time for LTC to explode upwards.
Donât panic sell. Donât panic sell. Donât panic sell. Crypto market is going nowhere. Donât let the news and circumstances play with markets. Hold tight! $BTC $ETH $YFI
$YFI has circulating supply 33,434 whereas $BTC has circulating supply 19,639,856. Letâs see what goes up. Normally coins with less supply get pumped easily. #WritetoEarn #YFI #BTC #Trending #Comparison