Hi inleo community.
Today's post is going to be very special if you are also doing crypto trading then I will share with you my experience which I have gained from last six years now the big question is market ETF. Why is it continuously going down after, as we know that every time it happens in this industry that every event that happens becomes a sell the news event and this time it is exactly the same people.
Did not do anything wise here but the big guys here who have more money and who control the market have done exactly the same thing this time also the market went up on ETF day but again immediately. After some time it went down, then the market stood at a good support of 43 thousand, but we all know that if we want to be successful in this market, we need to be on top of every little news.
We will have to keep an eye and the way the news was going that the gray scale Bitcoin is selling itself, due to which the market has seen us down, but here I have one thing for everyone. Let me tell you that the market will definitely come down but it will immediately recover as long as it stands above 39800 because the support it has is very strong and it is also a fact that at this time we are entering the pull market.
And three months later, the industry's biggest event is coming, and history tells us that after this event, the market will be skirring and cut, and prices will go up a lot.
Now there is only one question running in people's minds that what will be the next move of the market so here I will tell you one thing that as long as the market is above 39800 then we cannot say that the market is over.
35 thousand then there was a special opportunity for those who had money and the altcoins that were there came down a lot and the way we also saw that Salana which is 89 When the dollar went up, it was a good time to buy it and now the market has once again broken above its support above 41500 if it stays there and closes its candles.
If yes then the chances of recovery will increase from here if it comes again to 40200 from here then again the chances of market crash will increase from here so you all have to remember these levels. And the second thing I would like to say here is that if you have money at this time, you should put 70% of your money into the good altcoins that you have done your research on.
Here, if we look at Ethereum, we haven't seen as much of a dump in it as we've seen in Bitcoin since ETFs so far because they're still like that. Talks are going on in the market that after some time Ethereum ETFs will also be approved, so here we can say that due to this news, people who are there are not withdrawing money from it yet.
And it is the world's second-ranked currency, so it can be trusted and if we see here, it is currently standing above one of its supports and if it breaks its resistance, which is time is from 2720 to 50 so we will see that within the next few time we can see it increase in price by 800 dollars so it is still a good opportunity for us at this time.
It is 24 and a half days, so we can buy it here too and it is also a fact that these two are the only coins in this market that recover and if we all are patient, we will see both of them in this market. We can never lose inside and the coming time is the bull market anyway so the stories are very simple if we understand, if we don't understand then we will never be able to get profit from this market.
One of the most asked questions here now is when will the altcoin season come, so if I take you back a little bit again, within 2021 we saw that Bitcoin broke its all-time high and after that we saw that it stayed above the same place for quite some time and moved up and down a little bit but its dominance was constantly going down.
So then a We had a good altcoin season so this time things are going exactly the same we have to add a little bit of our history knowledge and this time also we have seen that its dominance has increased a lot. has been within the last few months and it still has a particular support at 51.
It has not yet broken it. In the last few months it has even moved back up, so this shows that When bitcoin breaks its all-time high again, by then its dominance will be above 60. This time also it can come back from 60 or 70, so we should be ready for all these things. If its dominance continues to increase in the same way, we will see prices drop once again within altcoins.
I have shared my experience with you, the rest of you can do your own research and if all of us at these levels will trade by watching, I hope we won't lose much, if money in crypto. If we want to invest and earn profit, then we will have to keep an eye on Twitter for every news, then only we will be able to become a successful person in this industry. Everyone should must his own research.
Note-:
(I have shared my experience with all of you, everyone else should invest in their own research)
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