Good evening to all my friends. I hope you all are having a good day. I am aslo doing fine. Had a fantastic weekend and now we are heading towards Monday. Let's talk about crypto market. Bitcoin is trading above 48k and there's key resistance around 48.5. Everyone seems bullish which why i am not going to open any trade weither it's spot or leverage. Why i am saying this because Everybody on Twitter is bullish about Bitcoin and calling for a new ATH within weeks. I am not someone who against crypto but in the past whenever CT is bullish on Bitcoin market always took heavy dump. Few intresting things i have found on Twitter- 1st one is As of now, 95% of all the Bitcoin wallets are in profit. Which is huge number. 2nd one is Retailers have also started to feel FOMO.
How to know about fomo, very simple whenever your friends who are not in crypto space will call you for buying crypto then you understand that this is fomo 😁. 3rd one is BITCOIN'S Funding Rate is highly Positive, which means that people are getting paid for opening short positions. Which is not good. You will only understand about this if you have been here from atleast 2021.
Btw few coins which i bought at dip are now in huge profit and all my friends are so happy not new ones 😁. XAI broke the resistance and now trading above 1$. I feel this coin will go around 2$ in upcoming days. Another one is welsh which memecoins based on stacks blockchain, pumped 25% after our buying. Sharing few charts which i took from telegram. That's it for today. Here's the latest update video of crytpo market. Thanks & have a good day!!
@abfarhan