CKB JUST RIPPED 38 PERCENT AND BITCOIN LAYER TWOS ARE WAKING UP
Bitcoin is flat at 83K and doing nothing
Almost 900 coins are red on the day
But money is not leaving the market it is rotating into a handful of names
And CKB just became the loudest one
CKB is the token of Nervos Network
A Bitcoin layer two built on the RGB++ protocol that brings smart contracts to BTC
It trades for a fraction of a cent which makes these violent moves possible
This coin has a history of exploding when Asian volume shows up
My take as an analyst?
This is a momentum trade not a marriage
Chasing a 38 percent green candle is how accounts get destroyed
I would wait for the first red day and watch if buyers defend
If volume holds above the breakout the second leg could be even bigger
Are Bitcoin layer twos about to have their season or is this a one day rotation
$CKB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance 2
Bitcoin is flat at 83K and doing nothing
Almost 900 coins are red on the day
But money is not leaving the market it is rotating into a handful of names
And CKB just became the loudest one
CKB is the token of Nervos Network
A Bitcoin layer two built on the RGB++ protocol that brings smart contracts to BTC
It trades for a fraction of a cent which makes these violent moves possible
This coin has a history of exploding when Asian volume shows up
My take as an analyst?
This is a momentum trade not a marriage
Chasing a 38 percent green candle is how accounts get destroyed
I would wait for the first red day and watch if buyers defend
If volume holds above the breakout the second leg could be even bigger
Are Bitcoin layer twos about to have their season or is this a one day rotation
$CKB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Binance 2