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Everything Is Red - This Is Not A Code Red Though Apparently

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cryptoandcoffee
@cryptoandcoffee
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2 min read

Hive did rather well tonight during the brief correction.

According to many analysts who I follow this is precisely what was expected to happen as this was mentioned last week already. According to them this is not a Bear market and simply a changeover as Bitcoin is about to pump again after a small correction. Unfortunately our precious alts follow Bitcoin's every move and we are all punished at the same time.

What I find warming tonight is how well Hive has done considering what carnage is happening everywhere else. Just don't look at the USDT as looking in dollars makes no sense as we are here to earn more Bitcoin and Ethereum plus everything else. Hive against the USDT is down nearly 9% and against BTC only 4% which compared to others shows we dodged a bullet for now.

The likes of Chainlink are down 11% against USDT and nearly 7% against BTC so Hive is holding up well. ADA is also doing remarkably well almost down 0% to BTC. The one coin I have no sympathy with however is Doge and after being hammered on Saturday night is taking another pounding today down 16% against USDT and 12% against BTC. What happened to selling green and buying red as obviously panic has set in yet again with this crowd. If You are a whale what fun they must be having manipulating this lot.

Sometimes it is best to go for a walk or watch some television just to get away as this will play out and am not worried as it brings us closer to alt season. Ethereum didn't take a hit so this is still a Bull market and with everything in a dip possibly another opportunity to grab some more.

I haven't even finished writing this post and everything is turning green again or rather many are slowly bouncing back. I am learning every day with this trading stuff and it is still above my paygrade yet fascinated to watch how the markets are manipulated as that is what it looks like when this type of stuff happens. I am off to buy some bargain buys before it is too late again.

Posted Using LeoFinance Beta