Sol weekly chart is still fine though. Nothing changed. | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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Sol weekly chart is still fine though. Nothing changed. 

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A few days ago, i was live and we discussed how gold is trending everywhere right now even the common person is talking about it. On social media, people who usually post about crypto are also talking about gold. Then we compared that to Bitcoin how people are calling it “dead” and shifting their focus towards gold. We talked about how the market top doesn’t seem to be with Bitcoin right now. As you know, many were calling for Bitcoin’s top last week and the week before, while saying that gold still has more room to go up. What we pointed out is that the real market top happens when everyone becomes greedy and starts chasing it when every social media platform is full of that hype. That’s when the top forms, not when people are saying “this is the top” and the market is being ignored. There’s always euphoria at the top of the market. We used gold as an example that gold is everywhere on social media, which could signal that it’s at or near a top. Bitcoin, on the other hand, doesn’t have that same hype everyone’s calling it topped out, but it’s not showing the signs of a euphoric top. Emotions play a big role in the market. They tell you whether there’s fear or greed, and they can help you understand if the market is likely headed up or down. I just wanted to share this because it’s something important to keep in mind. I hope you guys find it helpful.

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Gold down BTC up. Honestly not surprised.

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BNB chain Burned 1,441,281 $BNB and that is worth $1.65 billion 😬 BNB is deflationary.

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I’m more focused on Bitcoin and Ethereum right now Once these two start to catch a bid, other alts will eventually begin to move as well. I want to see Bitcoin especially lead the market first. Once that scenario starts to play out, I’ll probably look into other alts. For now, most daily charts are still bearish, which is why I don’t want to focus on everything until Bitcoin and Ethereum shift their structure and take the lead.

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The Bulls Are Back?

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