Cryptocurrencies: 12,698
Markets: 724
Marketcap: $ 1,741,181,196,544(1.47%)
24h Vol: $ 141,960,119,932
BTC Dominance: 38.76%
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Sunday, January 23, 2022

Altcoins December 4, 2021 – BNB, SOL, ADA, XRP… a prevalent crash!

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Index of fear and greed

This Saturday, December 4, the fear and greed index reached values ​​of extreme greed. This means that the general mood of market participants is now “short”. At the same time, such times are perfect for selecting new assets and averaging positions over those already in the portfolio.

Based on the fact that bitcoin is in strong global support and the index has reached record highs, we can assume that the next move should be a pump. The likelihood of such an outcome is small, but it is. If the bulls take the initiative and protect the support level, then an attempt to “shave the shorts” can be expected, due to the elimination of which bitcoin will regain its strength. But such a scenario will only be possible if buyers engage in activities that are not yet visible. We therefore advise you to hedge your positions and wait for confirmation of one or the other outcome.

Starting at $ 52,000 or less was a natural outcome. We tried to break through the resistance at $ 60,000 for a very long time and after a series of failures we went to test support. This is a common occurrence, the meaning of which is to find an area from which buyers will begin to manifest buying activity. It can also be called the definition of the current “real asset value”. The fact that we have not been able to return to values ​​above $ 60,000 indicates that market participants view the current price of the first cryptocurrency as very high.

This Saturday, December 4, the fear and greed index reached values ​​of extreme greed. This means that the general mood of market participants is now “short”. At the same time, such times are perfect for selecting new assets and averaging positions over those already in the portfolio.

Based on the fact that bitcoin is in strong global support and the index has reached record highs, we can assume that the next move should be a pump. The likelihood of such an outcome is small, but it is. If the bulls take the initiative and protect the support level, then an attempt to “shave the shorts” can be expected, due to the elimination of which bitcoin will regain its strength. But such a scenario will only be possible if buyers engage in activities that are not yet visible. We therefore advise you to hedge your positions and wait for confirmation of one or the other outcome.

Starting at $ 52,000 or less was a natural outcome. We tried to break through the resistance at $ 60,000 for a very long time and after a series of failures we went to test support. This is a common occurrence, the meaning of which is to find an area from which buyers will begin to manifest buying activity. It can also be called the definition of the current “real asset value”. The fact that we have not been able to return to values ​​above $ 60,000 indicates that market participants view the current price of the first cryptocurrency as very high.

TOP 10 altcoins

The 10 most traded cryptocurrencies according to CoinMarketCap fell simultaneously. As of this writing, bitcoin continues to decline and as of yet, it has already managed to drop below the $ 50,000 mark. The fight for the level has begun, and we’re likely to see another slump ahead. We advise you to hedge your positions and be prepared to select digital assets with discounts.

Already coins like Solana (SOL) have lost around 15% of their value. 15%, which, once the market is calm, can turn into a bottom line.

Cosmos (ATOM)

Cosmos (ATOM) becomes the best performing token of this Saturday, December 4 among the 100 most traded cryptocurrencies. This asset earned its owners about 2% profit in the space of a single day. Simply because he falls slower than everyone else.

Kadena (KDA)

According to CoinMarketCap, Kadena (KDA) becomes the worst performing token of the day among the 100 most traded cryptocurrencies. The price of this asset fell about 25% in the space of a day.

The stock market crash has already started. The cost of the first cryptocurrency fell to $ 46,000, and currently $ 42,000. And at that rate, at the end of the day, we’ll be in the $ 36,000- $ 42,000 mark. Most likely, the crypto winter has just started.

In a market as volatile as cryptocurrency, you can never know what’s going to happen, which is why you should always think about risk management and use stop-loss orders.

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