The crypto market is not going to crash or be destroyed by the veto threat of the head of any country. Many rumors are circulating that Biden has told his allies that if Biden comes back to power, he will take stronger action against the crypto market. And the word veto is being compared to thread.
But there is nothing in Biden's hands because if we look at the current administration of Biden, Bitcoin ETF has been approved during this administration and BTC has reached its all time high just a few weeks ago. What Crypto market has destroyed by Biden in his current administration. These are just statements and are made by those who seek power to gain public attention.
The crypto market has entered a web3 decentralized system and now it is not easy for any powerful country to harm the crypto market because the crypto market has seen many difficulties and ups and downs and new milestones ahead. If you are crypto trader then, don't take Biden's statement seriously.
Many new investors are worried and they don't understand whether the crypto market is bullish or bearish in current situation. It is true that the behavior of the crypto market at this time is completely incomprehensible because this time the environment after and before the halving was very confusing because we saw that during the days of the halving BTC comfortably touched its ATH and thus many New and old altcoins were also pumping but shrewd investors were making profit at that time and new and greedy investors were focused on going higher more higher in the market and they could not book profit and the market came down.
I always say in the related articles of trading that if you are a new trader, you must withdraw your profit when the trade is giving profit and adopt the reinvest strategy because the market is not the same every day and it is not bullish or bearish every day.
That is why I say divide your capital into three to four parts and invest 25% in daily trade, 25% make a weekly trade plan and use 50% for long term and this is the strategy of a successful trader.
I would suggest to the new investor that always do not be afraid during the trade, always trust yourself and enter the trade with full confidence keeping in mind all the basic elements, but make sure that once on the trade After placing your order, don't look at the trade line again and again, but time your trade like a dignified and brave hunter and wait for your profit in the market.
There are three basic tips that you must keep in mind while trading. First of all, it is necessary to see the support line weekly and monthly and thus also the resistance because we do not pay attention to the support and resistance of two days or one week. Keep important trading trend in mind and never go against trending trade.
The third important thing is always to see the heatmap on coinmakert cap in short period trade because the heatmap is a summary that shows the market fluctuations and which coin is showing dominance in all altcoins including BTC.
Currently the heatmap is giving very positive signals especially for scalping traders and ETH's dominance is 15.41% and BTC's dominance is 54.26% and almost all Altcoins are green.
Finally a good news all new investors don't worry because this time crypto market is showing bullish pattern of 2016-17 and very soon all altcoin will touch ATH. Hold your assets with patience. Thank you all very much for reading my article.i published the article on inleo blockchain but was not there after publishing , so i am now Republishing on hive blockchain