Today is Friday, 12th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! If you’d like to read the previous instalment, please follow the link. Off we go!
Yesterday came out mostly bearish. The fear and greed index got updated with a slight retreat to greed.
Greed and extreme greed zones have actually been prevailing for quite a while. Now the indicator simply can’t get lower, since crucial zones like $60,000 always imply buying off.
A mere manipulation may have brought about today’s issues. The thing is, every time Bitcoin (BTC) reaches another ATH, whales immediately start selling. However, soon after further climbing stops, purchase volumes decrease, forcing whales to renounce sales and provoking retail players to purchase.
Top-10 altcoins are still striving to recover from the latest collapse.
If Bitcoin’s flat positions turn into a long-term perspective, the altcoins will start to cut off their part of the market cap. Until then, all that’s left is to hold their breath and wait. The end of 2021 may possibly bring us a true altseason.
Decentraland becomes the gainer of the day. The asset has climbed 17%, slightly bypassing Algorand (ALGO).
IoTeX, the recent leader, becomes the loser of the day, with a loss of nearly 30%.
Don’t neglect risk management and don’t forget about stop losses. Remember about whales, who are now trying to manipulate the market and fix their profits. Do your research to secure your savings!
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
|BITCOIN (BTCUSD) ₿||$19,213.42||-0.14%|
|ETHEREUM (ETHUSD) Ξ||$1,050.00||-0.78%|
|IMM. US (REIT)||$2,435.01||1.8%|
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