МТ
16 Posts
МТ
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BTC Holder
Frequent Trader
6.4 Years
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$BTC Could the hardest period for the crypto market be ahead? 🥲
Historically, August and September have been some of the weakest months for BTC and altcoins. In some years, the market lost 20–30%.
This year, in addition to seasonality, politics is also coming into play. There are midterm elections in the US ahead, and such events increase uncertainty in the markets.
Whether history will repeat itself—no one knows. But this scenario is worth keeping in mind.
Will we be falling 👍 or rising 👎?
Historically, August and September have been some of the weakest months for BTC and altcoins. In some years, the market lost 20–30%.
This year, in addition to seasonality, politics is also coming into play. There are midterm elections in the US ahead, and such events increase uncertainty in the markets.
Whether history will repeat itself—no one knows. But this scenario is worth keeping in mind.
Will we be falling 👍 or rising 👎?
$M short - capitalization of 2 billion, fall and fall, the truth may not come in immediately, but if you grow - I'll make up for it
$CL - I keep the buy order until the price is 75 or lower. If it rises above 88$, I'll add to the position #CLU
I've just made a new trade! Click here to copy my portfolio👇
Mamkin T
Close Position
ZECUSDT
PNL(USDT)
+3.89
Close Price
572.8329138
Bitcoin Dominance Index 🕯
Bitcoin's dominance reached a 2-year high of 49.5% amid a strong selloff in altcoins.
The Dominance Index is the percentage that BTC takes of the total crypto market capitalization, showing the demand for Bitcoin compared to altcoins.
That is, it helps investors assess the market trend and distribution of crypto industry finances to calculate the best entry points to buy or sell.
Bitcoin's dominance reached a 2-year high of 49.5% amid a strong selloff in altcoins.
The Dominance Index is the percentage that BTC takes of the total crypto market capitalization, showing the demand for Bitcoin compared to altcoins.
That is, it helps investors assess the market trend and distribution of crypto industry finances to calculate the best entry points to buy or sell.
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