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Just noticed $ADA broke that 10-Jun-23 bottom recently. Back in August 2021, it ranked #3 in crypto with a market cap of $91.6B and is now at $6B. If this can happen to the #3 coin, I wonder what will happen to others when BTC does a real correction. I bet 95% of altcoins will not survive. I stayed away from altcoins for a long time as most looked like shit to me. I only trade BTC in crypto. I might look at alts again during a real crypto bull run, not now during BTC vertical correction.
$BTC Zoomed IN possibilities:
(1) Impulse completed
(2) Wave 4 in larger triangle Or
(3) Expanded FLAT.
Personally I am not convinced that Wave 5 ended due to the time less taken by Wave 4, but I have been wrong before and can always :)
$BTC Fear & Greed Index just hit 12
Extreme fear doesn't guarantee a bottom - but it often signals opportunity.
ZEC dumped 40% in the last 11 hours, erasing $3.5 billion in market cap.
The drop came after Zcash revealed a critical bug that could have let attackers create unlimited counterfeit $ZEC.
The bug has been fixed, but it’s still unclear whether any fake ZEC was created before the fix.
A little bit of optimism for you guys..
If $BTC follows the 2022 bottom formation.
We bounce for weeks at the 63-65K region.
🚨 TODAY: Grayscale’s Chairman Barry Silbert says, “The "privacy" era in crypto has officially begun.”
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