“There are weekends when we just watch Netflix and eat chips. And then they were last weekend when the cryptocurrency market decided to play a Greek tragedy. For those who were not fortunate enough to check their portfolios on Friday, the scene was worthy of Goya’s picture: panic covered the market, which led to the greatest liquidation in history. A real tidal wave where even altcoin, such […]”, – WRITE: Businessua.com.ua
There are weekends when we just watch Netflix and eat chips. And then they were last weekend when the cryptocurrency market decided to play a Greek tragedy. For those who were not lucky enough to check their portfolio on Friday, the scene was worthy of Goya’s picture: Panic swept the market which led to the greatest elimination in history. A real tidal wave, where even Altcoin, such as Atom, was played with oblivion, devastating their orders, as if the apocalypse was inevitable.
Away from hysteria, straight The broadcast from our girlfriend of punishment, a professional trader on Steady Lads, spilled a little light for this gloom. A surgical, practical analysis that reminds us that “zigzags” is a new norm. There have been times of price explosions worthy of the Big Bang 2017 and 2021! From now on, the market is a complex maze where caution is the only compass that matters.
The key points of this article:
- Last weekend, historical panic occurred in the cryptocurrency market, which led to the greatest liquidation in history.
- Despite the chaos, the total market index remained higher than the level of 2024, which gives hope for the restoration of cryptocurrencies.
Cryptoric in search of meaning The irony of this story It is that, despite the horrible show, not everything is lost for cryptocurrency. Just as someone survives rises after falling, the total market index remains above the level of 2024.
Light broadcast also illuminates An important indicator : dominance of steiblcoins. Their growth is often a signal of the inevitable fall in cryptocurrencies. But strangely enough, this dominance can also serve as a desirable cryptocurrency recovery area.
Friday collapse had a cleansing effect, clearing the market from the boldest (or reckless) traders. Required cleaning that, according to Max Pain’s philosophy can pave the way to a new “Altsson”, in which a company with low capitalization, those who have lost the funds can be very recovered. Bitcoin and Solana have experienced a storm better, once again proving their status as a fortress.
So, will the ashes market rise like a phoenix? Is this the beginning of the end? The straight broadcast of the punishment will give you all the keys to understanding this waltz trend. A date for all experienced strategists!
Source: Journalducoin.com
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