2021-06-29 13:14:31
Market Update - 28t June 2021
BTC broke off with a good weekly candle close at 34.7K. Long buyout wick below shows massive bullish sign. In order to continue the upward movement it needs to break off 35.7K resistance. Upcoming days might mean accumulation in this region
BTC Dominance falling big time today, this gave other Altcoins room to grow - currently at 46.6% and in downtrend.
Remember that so far BTC has established 30-42K zone for accumulation, which is preety wide. Use it wisely. Don't be a bear or a bull, play the levels, cap those gains and just enjoy the market.
If you are holding some projects in loss, just keep in mind that market will rebuild, but BTC -> ETH - > Large Cap & Strong Fundamental Altcoins will go first before Mid & Low Caps. Very often its best to switch-over to another alt with stronger fundamentals if it has lost similar value to your project that you hold
Do not invest more than 15-20% of your portfolio into Low Caps / Uprising projects unless you are a strong believer and you are willing to loose that money. A lot of Altcoins you see now will not be present anymore after the Bear Market season. Most of the Alts from 2017 never rose back up in price.
Market is looking healthy so far, but be aware that currently due to large institutions coming in play, the rules are changing abit, and we must adapt. Stop losses must be set near entry or slightly below if you are willing to take the risk. Remember to set your take profits too (Using OCO function is best for having Stop Loss and Take Profit in place)
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