Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
The market situation right now is really vulnerable. We are seeing portfolios making lower lows, especially in altcoins, while Bitcoin seems to be maintaining itself in the 85k to 90k range for quite some time. Ethereum looks slightly stronger than Bitcoin and is performing a bit better, but most altcoins are bleeding and moving further down.
While this is not a good sign and most people are seeing their portfolios go lower because they hold a majority of altcoins, the truth is that we are still trading above some important support levels. Because of this, I think it is still too early to say that we have already entered a bear cycle. In my opinion, the bear market is still far away, and the market might recover a bit in the coming weeks.
Even though a lot of good news has failed to impact the market positively, I believe the month of January might show us a different picture. We should not forget that December is a holiday month, and many people tend to cash out during this period.
This is one of the reasons why the market usually faces pressure and corrections during this time, something I have observed over the past few years.
Recently, BlackRock sold a Bitcoin ETF worth millions of dollars, which can create panic among sellers. However, retail investors often fail to understand that while BlackRock may sell ETFs, they can easily buy back at lower levels if panic selling causes the market to crash. This is how big institutions operate.
There is also news of a rate cut, which should ideally support the market and help it move in a better direction. This is not the time to sell, in my opinion. That said, I am being honest when I say that my patience is being tested. I do not know how long I will be able to hold on with this mindset of not giving up.
I truly hope things improve soon, because if the situation does not get better, I might also consider exiting the market in the coming weeks.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base and we used 5 attacks and the results are from battle log so we won 200+ and 300+ scraps in these attacks.
The battle log win to lose ratio is also looking bad, My win ratio is getting low and now I am at 87% and this is something I was not expecting. I wanted this to be above 90% soon but looks like we are heading towards to 85% already.
That is all from my terracore base.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
