BTC outpaced DXY today (relative to March 13, 2022 start)!
The whole market’s status is still ‘’Risk On’’ ( since March 13th, 2022, based on Fib R. TA ) although we are facing a Nasdaq correction and an increasing DXY environment. BTC has performed well today following previous crab-walking days during the weekend and a significant fall yesterday, April 26, 2022. The remaining Altcoins have not performed as well with a significant decrease in the total their total MC value hitting an all-time low on April 8, 2022. Crypto market (Altcoins) are currently only 5,45% above BTC's relative 24 hours performance gain (normal range between 18%-22%). UTC 01:09
The smart BTC and Altcoins holders do not sell their coins once acquired. The whales are also buying everything at these prices! The remaining active traders in the Crypto market are day traders and weak ''retail'' players trying to make money fast (i.e. momentum and emotional trading!). This insane volatility will only end once ''retail'' investors understand the real value of the protocols they are buying. Because right now, who can keep reading the White Papers on 13 260 coins, as this is an overwhelming task to stay current?.
The Bulls are back in town! This Crypto bullish run since March 13, 2022, which is considered a retracement by the biased bear traders, remains a bullish environment for medium and long-term investors to keep accumulating BTC and quality Altcoins (this unless BTC USD 38295 level is broken, which would then confirm these price action as retracements).
Bulls keep calm.
The smart BTC and Altcoins holders do not sell their coins once acquired. The whales are also buying everything at these prices! The remaining active traders in the Crypto market are day traders and weak ''retail'' players trying to make money fast (i.e. momentum and emotional trading!). This insane volatility will only end once ''retail'' investors understand the real value of the protocols they are buying. Because right now, who can keep reading the White Papers on 13 260 coins, as this is an overwhelming task to stay current?.
The Bulls are back in town! This Crypto bullish run since March 13, 2022, which is considered a retracement by the biased bear traders, remains a bullish environment for medium and long-term investors to keep accumulating BTC and quality Altcoins (this unless BTC USD 38295 level is broken, which would then confirm these price action as retracements).
Bulls keep calm.