When you thought the blood bath was over, it just got worse.
Bitcoin hit a six-month low of $38,000, down by almost 40% since the all-time high.
#Bitcoin#BTC#cryptocurrency#Crypto
Why I don’t buy the dip:
Most ppl like to pick bottoms but I think there’s easier way to buy trend reversal without picking the bottom.
In my opinion, buying dips is not the best strategy because it can KEEP dipping n we will be exposed to a lot of whip.
Take #BTC as example
A $VRA tier-1 listing is announced.. many more to come for 2022. Don't let #BTC bears dampen your enthusiasm.. $VRA is a LONG term hold for winners.. this product and team is dynamite 💥
#BTC up 4%, down 9% all in 12 hours. Welcome to #OptionsExpiry - bears are in control. They need #Bitcoin under $41,000 to pocket $132 million in gains. Seatbelts please💺 or this🚽! Welcome to Friday Expiry.
Overbought condition of #BTC has historically coincided with Mayer Multiple (MM) value of 0.8.
As MM= ~0.79, BTC is overbought. If MM is <=0.7 & rebound, it's likely a local bottom is in. This happened during the 2021 mid-cycle correction.
Definitely not time to sell BTC!
Join me and Keynote Presenter @jack at the 2nd Annual Bitcoin for Corporations Feb 1 & 2. This free, virtual conference is a must for any corporation considering integrating #Bitcoin with their products & services, or adding #BTC to their balance sheet.
https://t.co/V9fIkv633q
$BTC (1D); price is at demand zone & bulls would be looking to protect it.
If the zone is lost we see the price of $BTC selloff to range low around $29k & price will start another accumulation phase.
If the zone holds & break to upside the price will look to rally to $76k
#BTC
Crypto prices 📉
As the 10-year US Treasury yield spiked earlier this week, rising rates have caused investors to shed their positions in riskier assets. Yields move opposite to prices. The FR indicated plans to taper bonds and raise interest rates. #BTC#Bitcoin#Ethereum#crash
Today the crypto market is red but wait...
Take a look at $DICE from https://t.co/BH1Ew6rY8x
90day chart --> $DICE price is still up +45% 🤑😎
Get your $DICE on https://t.co/zwQnT7shGk or https://t.co/GQhpjSnnOy
#BTC#WINk#TRX#GameFi#PLAYTOEARNGAMES#winfluencers#NFTs