It looks good to see crypto making green candles everyday these days. Today it was not so formidable to see a huge red candle. It has to be folks taking a little profit on the top providing more crypto for the #hodlers. From now on depending on your mindset you realize it is part of the equation. #halvening is not even there and you could see the effort put in place for #BTC to lead the space.
Yesterday another #meme token was giving beef everywhere like you missed something.
Where money is wasting somewhere profit is coming.
I have to say it seems easy to pinpoint the market direction since #ETF took over the sphere. I have to say #microstrategy is adding fuel to the fire. Apart from sidelines taking profit, weak hand did make a move where they are playing the system. Less BTC day by day is living the market pushing the price upward. Fortunately there will always BTC available for sale. Even if #MTSR will accumulate more due to demand and price hikes, someone will take profit providing more crypto for sale.
CORRECTIONS
In the realm of financial market, a price correction refers toa short-term decline in the market price of an asset. It will follow a significant upward trend. This is a natural market reaction. This is why it makes sense to see in a few days another rally toward green candles. A price drop around 10%, 20% typically signals a price correction. They occur in a any market. Due to volatility, cryptocurrency is prone to show you many corrections.
Let's not mix up price correction with bear market trend. #BTC is still trading around $60k+ so we all can be sure it will fly high very soon. It is welcome to have correction to avoid the formation of asset bubbles.
You can see for a moment a steady rise where investors are rushing with timely manner building resistance that cannot be broken.
I can be sure #ETF is a reason where resistance will be build. Due to crypto love affair with volatility, more corrections are needed to clean up the weak hands.
In 2024 anything can happen. For the past 5 years, there is something coming up that can be worrisome for the financial world, somehow we manage to kick the can down the road.
We have crypto for many to understand the effect of inflation with #fiat losing all their value.
Glad that we will always have crypto around. We have more than Bitcoin to worry about. A rise for BTC is a rise for all crypto with a clear agenda. Believe you cannot ignore #meme token even though they stand to do more damage than restore confidence. This is where information is prime.
If there is one thing crypto is providing humanity, it is possible for everyone to be your own bank. It is possible to be anywhere and use you digital currency. I am not sure about the moon yet.
NB: both pics are ai generated by me.
Posted Using InLeo Alpha
Posted Using InLeo Alpha
If we look at the times after the last bitcoin halving, we can see that bitcoin suddenly takes a big correction and at that time btc goes down a lot.
it will happen many times before reaching the highs dumping quite a few.
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Seems that the correction is already falling behind. We could see another ATH by the end of the week.
That's why we have to ziz-zag lines. I was expecting a correction. There is high possibility of a bounce back.
After two and a half years the time has come back that we are seeing green candles within crypto and it is the patience of those who have been patient. We will see prices go higher in the near term.
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