Markets looking good to go again. Let's see when it decides for certain
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Ongoing correction. Sentiment = a lot of fear. Most market participants expect either a bounce from right here or a drop, for 24k for BTC. What action to take depends on time frame and outlook. For longterm holders everything ok, though scary.
Very constructive price action from @BTC. Sentiment and on chain data support that a bottom could be in. We are going in with good coins once again ;)
Price action and fundamentals are looking encouraging from a longer term view @BTC. We could obviously still see another lower low in the nearterm, however after the coming pullback subsequent bullish action is becoming more likely IMO. This is the time to select the few projects with best potentials for the upcoming next bullish leg (if we indeed get it). ;) Could be time to sow the seeds for future profits soon..
Consolidation is going on, Sentiment for @BTC and Crypto in general is extreme fear (that's of course good for bulls). However, markets are trading at a fine line here, not much support left before another drop. At the same time, the bottom could be in. At a time of uncertainty it's best to be prepared either way and act accordingly.
Chart wise the picture is less clear, we might get another drop or sideways movement before bullish momentum returns. Upside targets for many altcoins are crazy high though.
Is the bottom in? There is fear everywhere, I feel it, too, it's human emotion. As far as facts go, 2 things are pointing to a bottoming process: 1,5 Billion US$ has been withdrawn from exchanges (typically into cold wallets, whales hoddling) AND 5 Billion US$ has been deposited in stable coins (typically for buying the dip). Those are outsized numbers as far as normal trading volume is concerned.