Hello everyone,
How are you all? In today's blog we are going to talk about the current market situation.
A lot of people are in Fomo that bitcoin bull run is over but that is now how it is. If you have witnessed the previous market cycles then you will know that whatever is happening right now is just normal.
Let us look at the top 10 tokens, you can ignore USDT.
Bitcoin has dumped from 99k to 92k and that is a healthy correction and at the end of the day we all want the floating of money from bitcoin to Ethereum and then large cap and then alts.
For those who are new, know that bitcoin dominance is at peak and when dominance decreases it is good for the rest of the market.
So enjoy the bull season and consider this normal, the parabolic move means that the pattern will be parabolic.
Let us look at the steem now as I shared the analysis for that two days ago where I told how the steem broke its accumulation zone and I am happy to see that steem is maintaining the price above that zone even when most of the tokens are down.
Have a look below.
My brother bought steem and he is really happy about it, he was lucky to buy them below 20 cents and so his profit is already at 25+%.
What are your thoughts on the current market situation?
Thank You