Friends! It been some days I published. Seems like real world activities are taking my time much more. Together with the remembrance of the market red drops, gives me a burn. Who knows if we are still yet close to the bottom?
Before I proceed, I will love to make a review on Bitcoin market behaviour and to clear our head on what we have been perceiving from the market recent behaviours.
I acknowledged that, there be some acclaimed Bitcoin gurus who keep posting vexatious content on X to allure people into making unfavourable crypto investment for their personal greed.
Before I will touch this claims, I should first of all review Bitcoin market behaviour. I think I will proceed even further after Bitcoin review, to reassess the crypto market in general and investors sentiments.
BITCOIN MARKET REVIEW:
Going by 4hrs time frame, we can see that bitcoin dropped from $90k recent highs to about $77k, then a quick rejection from the downside indicating strong support within $77k price levels. Price slowly printed higher lows as we return to $82k. Currently we experiencing a strong sell off as bitcoin drops drastically, breaking 77k price level.
How Is The Entire Crypto Market Doing?
According to CMC, the total crypto market cap dropped from $2.8T to $2.6T in pass 24hrs with trading volume of about $92.9B.
As fear grip Investors' sentiments
Alt coins dropped totally losing about 60% of their values. With the current market sentiment and market behaviour, like a I said before, it likely that we might still go lower until the bottom is realized. You only need to get yourself involved rightly.
Speaking Of The X Post I Stumbled On:
My warning: memes tokens ( especially created from some quick memes tokens generating dec' protocols) are not investment rather, you are trying to gamble with your money. They are even worse than playing a live casino. Don't get lured by these X influencers promising 10,000% in returns. Stay away from them. All they so call; crypto callers, Bitcoin doublers, 10,000% pumpers; all they do are for personal greed, your investments are not guaranteed with this guys, don't get lured by them.
The best thing you have to do is; make a research on good and promising projects, considering the team involved in this project, the project use case, and your own personal reasons for investment.
Do You have A Crypto Winning Records?
It's possible to tell that a lot of crypto investors and traders hardly have a realistic winning streak. Especially when their expectations created by market hypers are failed, they can not hold to their bags until the market rebalances. This leading to always selling at the lost.
Ask yourself, "Am I Really Making Money?" Settle this question within you.
Crypto market has no place for impatient investors, crypto market has no rewards for investors and traders totally led by fear and greed.
You have to come mature to the understanding that a strategic approach to the market is what differentiate a winner from the loser, employing a true understanding of supply and demand strategies, knowing that these plays consistently in this space.
There will always be a cycle for accumulation, unfortunately this is when most uniformed investors and traders are becoming more fearful and fail to take advantage of wonder opportunities created by the market dips. The best time to creat wealth is while in the market dips, not in the bull season. You only reaped what you sowed during the bull market. You might want to liken this to seed times and harvest. So creat a strategic approach to the crypto market inorder to make the best out of your time and investment. See you again in my next publication.