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First buy-zone approached.
Buy when there's blood on the streets.
$YFI and $ICX have weathered the storm relatively well.
$CHZ is a metaverse/NFT investment.
I expect $BTC to bottom out around its current price, at least temporarily. I will add on the next dump, or on confirmation of a reversal.
So what happened today?
We saw a big leverage flush.
Anyone who longed near the top with a leverage of 10 or higher got liquidated. Open interest (the entirety of long+short positions) decreased substantially. It was the biggest liquidation event in 2 months, and either shows what's to come or marks the bottom of this move.
I'm betting on the latter. Strong alts should continue to perform well, as long as $BTC holds its range. Identifying these altcoins is a tough challenge. $TOMO and $SXP held up pretty well during the drop. $ICX is recovering strongly. $LTC and $ONE showed strong performance before and are both resting on their respective support.
$BTC lost the 64k support. As long as we don't establish a new range or reclaim 64k, Bitcoin is in a pretty weak spot.
Alts have shown mixed performance lately. $ICX and $LTC though were two of the good performers.
