Good evening to all my friends. I hope you all are doing well. I am having a good day. Friday is always good to spend some time with friends or do night out 😁. I haven't planned anything yet but let's see how things will play. Btw let's talk about crypto market. Bitcoin is trading above 43k and i think Bitcoin will stable from now on for few days so we can see mini altseason 😁. Bitcoin's dominance is decreasing since last two days and that's why altcoins booming. As i said many times that whenever you see ether is outperforming Bitcoin then buy the good altcoins and take your profits home 🤩. We are only two weeks away from Christmas and from Christmas we may see downtrend till Bitcoin halving.
Bitcoin's spot etf approval news could be a sell the news events because so many big whales and institutions are holding tons of Bitcoin and they always want to ahead of retailers. That's why i think that Bitcoin's spot etf news will be sell the news event for the crypto market. Historically if you see whenever any major events came on any coin, before news that particular pumps alot but when news comes out then a big wick to upside then downtrend starts. Btw i am not going to sell my long term holdings. I'll hold them until the middle of bullrun. Take profit on those coins which pumped a lot. You can take profit to buy other coins. INJ did almost 20x from it's bottom. Funding rates are positive and possible scenario is dump on the way. Longs are more than shorts. That's it for today. Enjoy your weekend and don't forget to watch this informative video of crytpo market. Thanks & have a good day!!
@abfarhan