$BTC The Bitcoin Effect 🔄 Have you ever wondered why altcoins often follow Bitcoin's price movements 📊? Whether BTC dumps ⬇️ or pumps 🚀, many altcoins seem to follow suit 🤔.
But, have you noticed some coins that defy this trend? 🚫 Some altcoins barely flinch when Bitcoin's price swings wildly 🌪️. What's behind this phenomenon? 🤔
*The Reason Behind the Mystery 🤫* “WRITE IN COMMENT SECTION”
Stay tuned! I'll reveal the real reason behind this trend in my next post 📄. Follow along to learn more about the fascinating world of cryptocurrencies 🌐! #MarketPullback #Bitcoin
You're thinking of buying more now that the market is pumping, but you've already bought at a high price and are in loss 🤦♂️. My advice? 🛑 *NO* 🛑
*Why?* 🤔
1️⃣ *Risky Move* 🚨: Investing now is a gamble, and the pullback you're seeing isn't supported by a strong bullish signal (engulfing candle). 📊 2️⃣ *80% Chance of Downturn* ⬇️: The market might still go down, so it's better to wait. 3️⃣ *Short-term Stability* ⏱️: This could just be a temporary stabilization to calm down the RSI index.
*What to Do?* 🤔
1️⃣ *Wait for Breakout* 🔓: If BTC breaks the $104,000 zone 🚀, we can consider it a potential entry point. 2️⃣ *Hold and Wait* ⏱️: Otherwise, hold on and wait for the market to hit the previous supply zone at $97,000 📊.
This is what we call a fakeout. This is done for liquidate your assets. Panic buy then dumping. Whales are the major reasons behind this. Market will go down and when you most unexpect it will pump high. #fakeout