TRUECRYPTOTRADER

2022-06-20 13:33:25 The level of fear and greed.

The level is still in extreme fear. Even yesterday's rebound does not inspire confidence in people. A couple more months at such values, when the majority of the market will sell their portfolios - then we will see a real upward movement. Open / Comment

2022-06-19 17:11:00 Good afternoon!

Market for the last 24 hours:

BTC - $18638 (-2.1%)
ETH - $967 (-2.5%)
BNB - $195 (-2.1%)
SOL - $29.4 (+3.2%)
ADA - $0.45 (-0.9%)

TOP 3 in height:
BSV - $57.9 (+13.1%)
LEO - $5 (+12.3%)
QNT - $47.2 (+10%)

TOP 3 by fall:
TFUEL - $0.046 (-11.5%)
KCS - $9.4 (-10%)
MATIC - $0.33 (-7.5%)

Market capitalization - $0.82 trillion
Index of fear and greed - 6
Bitcoin dominance: 43%
Total liquidations in 24 hours: $414 million Open / Comment

2022-06-18 22:38:23 When Bitcoin was above 60 thousand, everyone was sure of further growth:

• Large funds, investors, companies and even countries bought BTC
• Politicians, famous personalities, representatives of banks spoke positively about crypto
• Analysts predicted further growth of BTC to 100,000 or even up to a million dollars
• Everything around grew, new crypto-startups and exchanges appeared daily

In other words, there was euphoria on the market, people did not even doubt further growth and continued to buy cryptocurrencies.

Now that the BTC rate has dropped below $20,000, the situation is reversed:

• Large crypto companies and funds on the verge of bankruptcy, whales in the red
• All around negative news and lack of faith in cryptocurrencies
• Analysts predict further decline
• Most of the largest cryptocurrencies have collapsed more than 90% from their highs

Investors are capitulating, while traders are short and confident of a further decline.

If we ignore the price, then the current situation mirrors what happened at the peak of the market.

In the first case, BTC did not live up to the expectations of most people and collapsed almost 3 times. As is usually the case, the "crowd" was wrong.

Will the "crowd" be right this time? Historically, this has been very rare. Here is a great quote from Buffett: “Be afraid when others are greedy. Be greedy when others are afraid."

It's hard to make money if you constantly follow the majority. Open / Comment

2022-06-18 18:16:58 And those people who now say that their trading strategy is correct, working and do not change it in any way, this will be a complete lie! I have more than 5 years of experience in the market and every few months I change my trading strategies, although the market is cyclical, you need to constantly work on them and learn new knowledge. Open / Comment

2022-06-18 18:07:39 Oh, how many analysts got out! Do not forget that technical analysis does not always work, there is such a thing as “fundamental analysis” and if global fucked up starts all over the world, then technical analysis, simpsons, Fibonacci squares and triangles it will not work in any scenario ! Open / Comment

2022-06-18 16:38:21 While the cue ball learns new "heights", DeFi does everything ...

Same thing

Amid the market crash, the total funds of the DeFi ecosystem decreased to $70.72 billion!
And this is considering the fact that at the beginning of December 2021 this figure was approximately at the level of $250 billion. It is scary to consider the percentage of losses (more than 70% )

Even the top DeFi tokens sank by 70-90%, and not just the middle and small players. Open / Comment

2022-06-18 13:55:49 The fear index fell to 6 points for the first time since August 2019

The market is panic, fear and liquidation. Open / Comment

2022-06-18 11:02:29 ETH.

No longer has a four-digit number.
I'm inclined that we can get a little more, where I will repay.
But, I think we are approaching the final capitulation, from where the price is likely to reverse. Open / Comment

2022-06-17 23:47:01 Against the background of "cheap" Ethereum, the NFT market revives

The day before yesterday, a token from the BAYC collection was sold for almost 1000 ETH

A new buyer can earn $1 million from his investment even if the price of his NFT does not change, but Ethereum itself will recover to $2200 Open / Comment

2022-06-17 15:29:02 Binance CEO: “During the last high, newcomers admired experienced holders who invested early and waited for new heights. Here's what it looks like in the other half of the cycle.

What you do now determines how you feel during your next high. Not financial advice

What did CZ mean?

Novice investors have a stereotype that it is easy for experienced holders to buy crypto at the bottom and wait for new heights. Or they just got lucky.

But in fact, buying during a correction or “crypto winter” is much more difficult than buying crypto during an increase. Because you have to overcome your emotions and buy with the knowledge that tomorrow the rate may be even lower.

In addition, everyone around is adding negativity, predicting a further decline and the “death” of the crypt – this is the most difficult time for investment, but such decisions can more than pay off in the future. Open / Comment