Blue River Dark Sky
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Everyone's eyes are glued on $ETH but I think $SOL will steal the show. Lets witness it within the next few weeks. Yes there will be dips but most probably they will be bought up really quick. Look out for those coins which bounce really well after BTC crash. My pic is $SOL while everyone is running towards ETH.
#ETHMarketWatch
#ETHMarketWatch
Trump recommends 50% tariff on EU from June 1st.
To me it seems like another move to manipulate world markets by the big boss, given if you look at his history, its just all talk. He'll threaten as a show of power but this drama will go on for a week or two then he'll sign a trade deal with them it happened with China and others and will most probably happen with EU.
But what does it mean for you? It means that market is pricing in the tariff volatility because market does not know what will happen is these tariffs are put and market does not like uncertainty. So whatever you see happening in the near short term that is 4 days to a week or 2 has a very good chance to reverse, if it dips then it will pump even harder.
Personally my plan is to go long, don't follow me I am just giving you my opinion.
To me it seems like another move to manipulate world markets by the big boss, given if you look at his history, its just all talk. He'll threaten as a show of power but this drama will go on for a week or two then he'll sign a trade deal with them it happened with China and others and will most probably happen with EU.
But what does it mean for you? It means that market is pricing in the tariff volatility because market does not know what will happen is these tariffs are put and market does not like uncertainty. So whatever you see happening in the near short term that is 4 days to a week or 2 has a very good chance to reverse, if it dips then it will pump even harder.
Personally my plan is to go long, don't follow me I am just giving you my opinion.
This BTC upside is far from over, look at the weekly RSI it still has some room to move up, the ALT's are just getting started. Zoom out and you will be able to calm your nerves. I am taking a long bet on $SOL $PEPE for now. SOL to me seems the best bet to take right now for various reasons:
1. It shows strength in the recent mini crash, that was a fantastic buying opportunity.
2. Look at the MA weekly, it heavily supports it.
3. BTC broke ATH but SOL still is too far away from its recent ATH, it has a lot of room to move up when BTC dominance drops.
At last remember, its you who makes the choice. I am just giving my opinion. I would just like to say don't panic think long term, if you ask me then any dip that we get is just a potential buying opportunity!
1. It shows strength in the recent mini crash, that was a fantastic buying opportunity.
2. Look at the MA weekly, it heavily supports it.
3. BTC broke ATH but SOL still is too far away from its recent ATH, it has a lot of room to move up when BTC dominance drops.
At last remember, its you who makes the choice. I am just giving my opinion. I would just like to say don't panic think long term, if you ask me then any dip that we get is just a potential buying opportunity!
I don't know about others, but $SOL is cooking something in this flash crash which to be honest has yet to be decided if it was one. $SOL rose the fastest and bounced the hardest from its MA.
If I had to take a bet, I'd choose SOL.
If I had to take a bet, I'd choose SOL.
Potential reason for the small dump in Bitcoin.
There is a very old exchange in the USA called the Chicago Mercantile Exchange(CME). It was founded in 1898 and currently has one of the highest derivatives trading volumes in the world. So it is very natural for Bitcoin to be also listed and traded in it. Remember traditional markets are closed on the weekends so whenever there is a pump on the weekend there is a gap that is created in CME Bitcoin. The crux of the issue is whenever this gap is created 60-70% of the times it gets filled, in short you will see Bitcoin coming back to the level it was on the day before the weekend. That just happens to be $68100 level for Bitcoin right now, so don't be surprised if Bitcoin stays there for a while and starts its way up again. It is highly probable. So what does it signify? It means if this is an actual CME gap that we are currently seeing in Bitcoin. Then all the dips that you are seeing currently in Altcoins are by the dip opportunities. Again there is a big if, I am just expressing my opinions don't take me as your financial adviser. If you can afford to take the risk then you should, the risk to reward is great right now. Some coins whose charts are looking good are $ENA $BEL $NEO and FTM again DYOR, I just think their chart looks good and I can be absolutely wrong.
There is a very old exchange in the USA called the Chicago Mercantile Exchange(CME). It was founded in 1898 and currently has one of the highest derivatives trading volumes in the world. So it is very natural for Bitcoin to be also listed and traded in it. Remember traditional markets are closed on the weekends so whenever there is a pump on the weekend there is a gap that is created in CME Bitcoin. The crux of the issue is whenever this gap is created 60-70% of the times it gets filled, in short you will see Bitcoin coming back to the level it was on the day before the weekend. That just happens to be $68100 level for Bitcoin right now, so don't be surprised if Bitcoin stays there for a while and starts its way up again. It is highly probable. So what does it signify? It means if this is an actual CME gap that we are currently seeing in Bitcoin. Then all the dips that you are seeing currently in Altcoins are by the dip opportunities. Again there is a big if, I am just expressing my opinions don't take me as your financial adviser. If you can afford to take the risk then you should, the risk to reward is great right now. Some coins whose charts are looking good are $ENA $BEL $NEO and FTM again DYOR, I just think their chart looks good and I can be absolutely wrong.
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