NFA: But It Seems To Me That The Bottom Is In For $Btc & $Leo

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The fact that Bitcoin is the very first cryptocurrency in the space, it has one way or the other dominated every angle of the Blockchain. Whenever Blockchain or cryptocurrency topic is being discussed anywhere in this world, it’s of higher chance that Bitcoin is being mentioned. This is how it has always been to this day and not sure if it’ll ever change.

Apart from Bitcoin, there are other coins on the block that are generally categorized as alts. Altcoins are also known as alternative coins such as Eth, Hive, Leo, Hbd, and so on…
If I was asked about Bitcoin’s impact, I’d say Bitcoin has a big market influence on these alts and we’ll see an example soon.

Lately, I have been looking for gems to grab in the current bear market that we are in. I was shocked to see that one of the top Layer2 tokens $Leo is sitting right on a juicy spot. The last time I viewed the piece of Leo, it was around $0.15. So, seeing it at $0.08 was shocking and enticing at the same time.

However, In one of my previous blogs, I stated that I don’t usually jump on alt tokens without checking out what would be Bitcoin’s next move. So, I looked straight at the bitcoin chart and noticed the followings;

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  • The recent drop started on the 5th of May 2022 at a price of $39,835
  • It printed a 5 days red candles consecutively since then
  • It touched $24,500 on the 12th of May 2022 for the first time since it last touched it on the 26th of December 2020
  • The bulls stepped in and have been securing the $30k spot since 9 days ago as I pen this.
  • RSI is heading to 40 from the dust

After noticing all of the above facts, it seemed that Btc is almost at the bottom if not at the bottom already.

Also, I looked at Leo’s chart and then noticed how Leo is starting to print green candles. For Leo;

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  • It traded at $0.0000175 on the 24th of April 2022
  • Bears tried dumping it again on the 16th & 17th of May 2022
  • But it started printing green candles again from the day before yesterday through today which is sure it’s closing green again.

The above facts gave me confidence that BTC and most alts are bottomed already.

Leo is currently trading at $0.09 which is a price that I never came across for Leo. It’s really a beautiful opportunity for anyone willing to buy. Recalling the max supply of Leo, I’d it’s the current price might be difficult to see again.

I’m not a professional in financial services and the market will always do whatever regardless of my view. Always do your own research before investing thanks.

Posted Using LeoFinance Beta

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