✴️ Binance Coin | New Money Enters The Market, BULLS Confirmed!

١٧ يناير ٢٠٢٣

We are having a small break after 10 days of sustained growth... This is true for Bitcoin and all the major Altcoins that we are tracking.

I also looked at several dozens of the smaller yet still big, medium-sized, Altcoins and they are moving ahead.

When we enter a classic correction or retrace after a strong bullish wave this tend to happen fast. We just see prices going back down, like when a rejection happens at resistance in the form of a moving average.

This is not what we are experiencing right now.

The cryptocurrency market moved up and stayed up, so far.

We see many of the altcoins trading above EMA100, EMA50, EMA21 and EMA10.

Within the consolidation the current price is staying even above EMA10, signaling lots of strength.

Instead of understanding that this wave is already over, what we are inferring from this price action is that there is more to come.

Notice that most of the pairs are already trading above MA200, which gives the upper hand to the bulls long-term.

We were looking for a close above EMA10/50 to confirm bullish potential.

We were looking for a close above EMA100 to confirm that yes, the bulls indeed win.

Now our beloved altcoins are trading above MA200... And consolidating before the next price increase.

Think of this... We had years of selling pressure.

Many pairs peaked November 2021, like Bitcoin, but others peaked August, May and even April 2021... That's a long time ago, specially here with crypto where everything moves fast.

After almost two years of selling non-stop... The bears are exhausted, the sellers are gone.

So even with this strong breakout we just had, this breakout happened because new money came... This new -billionaire/planet friends- money is not about to leave.

This new money just came in for the long-term.

They are not selling...
We are not selling...

We are looking to buy more and more and more for the long-term.

Only our leveraged trades open and close.
Our Bitcoins and Altcoins we hold for very long.

We buy at the bottom and hold, for years to come.

Namaste.