 | Most of the time alts followed BTC/ETH unless there were some news dropped such as the recent DOGE hype. But the last hours are pretty crazy. Let me give you some examples: MATIC is currently up ~18% in less then 5h. chainlink up 7.25% the last 4h ATOM is also up +6% the last 5h LRC just jumped nearly 20% in the last hour Even ADA woke up & pumped +5% the last 4h Generally speaking a lot of crypto is getting sudden trust & lots of buying pressure right now. I've been trading the last hours and I'm not kidding when I say I trade a bullish strategy for the first time since march. Now don't get me wrong this is most likely not the start of a bullrun since we are still in a recession, still fight high inflation ( CPI numbers next week btw ) & the outlook after recent FED meeting, or Bank of England warns of the longest recession since 19 is yet clearly bearish. I'm curious if this is just another short lived bear market rally and It'll dump back down the next weeks if not next days already. But this kind of hopium & buying feels really refreshing. What are your thoughts? Just whales feeling more confident to throw some money into alts or is it yet another short-lived bull trap? [link] [comments] |
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