Two common patterns. Even though there was a little bit of bullishness, I think there is going to be a big sell-off. If that happens, I'm afraid many people will lose all their money in their accounts.
🔥Another reason for it to be confirmed is that bitcoin has not yet fullback With that, this will also continue to decline.
What I said before is happening, place your limit order now.. Don't worry about getting pumped a little. Be patient when it comes to support.#btc #ICPCoin #apt
Due to the holiday on Saturday and Sunday, all bitcoin-based coins will go down a little more.. Short positions are safer than long positions at this time.
Also, since there is an unlock on ICP, the coin will drop significantly. Don't lose your money by trading against the market.
You think it's an altcoin season and buy at every resistance, right? If so, all your money will be gone before this year..Look at this chart, bitcoin is falling, falling, all other coins are falling..
They always fool people by calling it a bull run and taking buy orders, then they make a new path and take their money.. After they empty it, the market goes up.. They make up a reason for it and say it's a good deal.. But most people have finished this bull run by Christmas.
During a crypto market meltdown last week, Solana (SOL) lost 17.13%. based on CoinMarketCap.
This fall adds to the token's dramatic price movement after the November US Presidential elections, when it hit $263.83, a record high. Glassnode experts are optimistic about the token's capacity to recover despite three weeks without greater highs. The crypto bull cycle is still young.
about December 20, Glassnode, UkuriaOC, and CryptoVizArt published a blog post about the Solana market.
These market analysts found that Solana has had a positive net capital inflow since early September 2023, peaking at $776 million per day, using the Net Realized Profit/Loss indicator.
The SOL market saw minimal inflows, with most of the profit-taking activity coming from coins aged 1 day-1 week, 1 week-1 month, and 6 months-12 months, showing Solana's popularity among long- and short-term investors.
This MVRV ratio helps set price bands for investor profitability. Solana is moving sideways between the mean MVRV and +0.5 standard deviation, according to Glassnode.
This shows the Solana market is hot but not quite bullish. Because cryptocurrency MVRV breaks of +1 standard deviation have historically foreshadowed longer-term macro tops.
Solana has the ability to make a lot of money before entering an overheated zone that may precede a market downturn.
Glassnode states that cryptocurrency has been a lucrative crypto asset and provides additional Solana market information.
In the two years from its November 2022 price fall to $9.64, Solana has gained over 2,143%. Since the FTX exchange crashed, the cryptocurrency has surpassed Bitcoin and Ethereum on 344 of 727 trading days, suggesting market demand and interest.
Solana is now trading at $194.58, down 0.50% today. The asset is worth $9.94 billion and has an 18.94% trading volume increase.
When the market crashes like this and people lose their money like this, does it have any validity? After the crash, there is no point in justifying things.. This is all a plan they themselves have made to collect money.. They give us 50 and they take 150 from us.
My understanding is that this is just a business for some people and has no existence. They take money from ordinary people.
his is all a plan they themselves have made to collect money.. They give us 50 and they take 150 from us.
Zoina Shaikh
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Bullish
Stop Panicking: Alt Season Isn’t Over! Here’s All You Need to Know🚀
The crypto market often experiences a dump before the holidays, but this time it feels like more than just seasonal; it's pure manipulation. Remember, the crypto market is relatively new and easily manipulated. 😨 I've warned before about not over-leveraging because market makers and operators are out there to capitalize on your losses. 🎭 So, what should you do now?
✅Avoid Checking Your Portfolio:🔒 It's going to run back up; there's no need to worry.
✅Don't Shift Your Position: 🚫 Especially not from alts to BTC. That's precisely what market makers want you to do. Bitcoin dominance has retested, and I expect it to decrease until mid-January or early February, which means altcoins will soon pick up. 📉📈
✅Keep Emotions in Check: 😌 Letting emotions drive your decisions will only burn you. Stay calm.
✅Avoid Leverage: ⚖️ Wait for a clear breakout before you consider leveraging again.
✅Invest if You Have Liquidity:💧 If you have the cash, buy into coins that are following the Bitcoin trend.
✅Remember: 🧠 These corrections are normal between bull runs. They clear out leverage and set the stage for further gains. There's been no significant bad news in the crypto space recently. All leverage has been cleared, and liquidity is up, signaling that we'll head up soon. 🙌 Take profits when you can but stay the course.
Stay informed, stay patient, and remember, the alt season isn't over yet. 🙏🏻
When the market crashes like this and people lose their money like this, does it have any validity? After the crash, there is no point in justifying things.. T
Zoina Shaikh
--
Bullish
Stop Panicking: Alt Season Isn’t Over! Here’s All You Need to Know🚀
The crypto market often experiences a dump before the holidays, but this time it feels like more than just seasonal; it's pure manipulation. Remember, the crypto market is relatively new and easily manipulated. 😨 I've warned before about not over-leveraging because market makers and operators are out there to capitalize on your losses. 🎭 So, what should you do now?
✅Avoid Checking Your Portfolio:🔒 It's going to run back up; there's no need to worry.
✅Don't Shift Your Position: 🚫 Especially not from alts to BTC. That's precisely what market makers want you to do. Bitcoin dominance has retested, and I expect it to decrease until mid-January or early February, which means altcoins will soon pick up. 📉📈
✅Keep Emotions in Check: 😌 Letting emotions drive your decisions will only burn you. Stay calm.
✅Avoid Leverage: ⚖️ Wait for a clear breakout before you consider leveraging again.
✅Invest if You Have Liquidity:💧 If you have the cash, buy into coins that are following the Bitcoin trend.
✅Remember: 🧠 These corrections are normal between bull runs. They clear out leverage and set the stage for further gains. There's been no significant bad news in the crypto space recently. All leverage has been cleared, and liquidity is up, signaling that we'll head up soon. 🙌 Take profits when you can but stay the course.
Stay informed, stay patient, and remember, the alt season isn't over yet. 🙏🏻
These 2 weeks are bearish as the number of buy orders has increased.. Get your money in. It is not what we think, it is moving in the opposite direction at the moment.