Hello everyone,
How are you all? I hope everyone is fine.
A lot of buzz is there around the market for a massive crash this month because of what the history tells us about this month. I will discuss about whether it should happen this time as well or we should stay calm and expect something different this time compared to other times.
First of all let us have a look at the Fear and greed Index and understand what it says about the market sentiments. I am sharing that from official Binance website. It is showing Fear at the time of writing this blog and last week it said we were neutral as you can see in the screenshot below.
The time when we actually have to put some money in the market is the time when the sentiment shows fear or extreme fear so right now I think it is the time where people have to hold on to their tokens and at best they can accumulate some good tokens for their future returns.
Let us look at the screenshot below where the Bitcoin price is being seen above the major support 109.5k dollars.
The resistance for now is not being tested but unless and until we are above that support we are good and I am not going to get bearish on the market for long run. We have seen some liquidation below that support in last few days but all this are leading towards a better thing, believe that.
Let us zoom and see the chart more clearly!
From the chart above we can see that the major resistance for bitcoin right now is 112k dollars and after we break it we should see the entire market getting back on track though the btc dominance is already seeing a downtrend. That is the reason why Alts are still surviving the market.
So base on the Fear and greed index and the market analysis of bitcoin and the events that might happen near FOMC, I think the market will shock us by performing opposite by going up and it will not be a normal pump, I think that will be a massive pump. I am buying ENA!
This section is for my terracore base profile and if you are not interested in games then you can ignore this one as I just share my activities from terracore base which is one of the game I play everyday on hive. I used 7 attacks and the results are shared below.
Thank You and make sure to check Crypto Company services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
