@Sykodelic_ Theres no way Crypto is in a vacuum. Nothing is in a vacuum. Think about it, theres no other asset that acts on its own. This liquidation sucks, but we get through this and it will be ok!
@Sykodelic_ Give it time. Charts are representing people. IGV and BTC share the same investor base, hence why they are correlated and will always be. There are times where IGV performs better and vice versa with BTC. Just look at the recent low, IGV made a lower low, BTC didn't.
#Altcoins
Friendly Reminder:
No time to be bearish here. Totalmarketcap is turning 2024 resistance level into support.
In a few weeks, you’ll see that it was all just a big fakeout designed to shake off the majority before the big run starts.
🫡
“There will be no rotation from GOLD to BTC.”
“There will be no rotation from GOLD to BTC.”
They were so drunk on Gold’s euphoria back in January that they were just parroting all sorts of nonsense. So what has been happening with Gold and #Bitcoin since February is called what?
The rotation was always going to happen after a true top formed in Gold, which finally happened in January. And as I said a few months back, rotation would happen once Gold experienced a true top and started a sideways and down PA. It was only a matter of time. It was never going to happen instantly, as most people expected.
@Coins_Kid Yeah I've been looking at this correction as a wave 4 expanded flat. Not corrective wave after a wave 5. We got no blow off top and markets typically end wave 5s in those. We're just finding the bottom of wave 4, which may already be in or not.
@AtRealBen I was born in 97. I love watching old movies just so I can experience the 90s in some way. Wish I grew up then, no smart phones, no internet.