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1. Explain The overall market trends 2. Why we witnessed a big drop in market 3. Add your prediction 4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness. Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2) if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions: Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven When situations are this bad charts are least likely to work. The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down) you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
Join the conversation now and share your insights for a chance to win!
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TA: Solid growth, not much of TA here but we are still below 1$ so good buy IMO
4. #LTONetwork $LTO | Market Cap $110mln
LTO Network is a Layer 1 blockchain with a Public and Private layer to bridge the gap between real-world and digital ownership, decentralized identities, and privacy.
TA: Broke out of double bottom accumulation, but we are yet to see a breakout of the bigger range
5. #Opulous $OPUL | Market Cap $110mln
Home of Real World Assets for Music on Blockchain. Unlock the music industry with AI-driven transparency.
TA: Breakout of Double Bottom accumulation
6. #Polymesh $POLYX | Market Cap $600mln
Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.
TA: Breakout of 518 Days accumulation - iH&S. Still a lot of potential for upside
7. #HIFIFinance $HIFI | Market Cap $152mln
Fixed-rate borrowing against digital and real-world assets on Ethereum.
Crypto will make you live poor, while you're rich in dollars.
Crypto traders are the only traders that are always looking for more money to invest.
No one has hope like crypto traders... They will tell you it's just a dip, it will rise again.
Crypto traders hardly sleep at night.
Finally, crypto traders don't easily fall into depression after heartbreaks. You want to break a heart that has been rugged, dipped and battered with dumps? It's too late.
With these few points of mine, hope I've convinced you to become a crypto trader/investor.
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