In real life, the trading world does not require your hard work! If hard work leads to wealth, then the richest should be workers and farmers! The trading world is the same! You only need to wait for the pattern! The pattern is like a person's temperament, just as there is talent and beauty within.
What capitalists and those in the inner circle fear the most is ordinary people completing capital accumulation. Real life is filled with various pitfalls 🕳. In the crypto world, you can see coins other than Bitcoin as scythes or pits. Some may ask, does ETH have value? After ETH transitioned to POS, its viewpoint aligns with other public chains like TRX, SUI... with very low costs, but it has fan sentiment and speculative trading demand.
The previous bearish logic for Bitcoin being in the 7th wave and ETH being in a downward arc wave has been validated by the drop of the second Bitcoin after the publication! You might think it's over, but on November 1st, the monthly opening is expected to rebound and oscillate until November 2nd. On the afternoon of November 3rd, between 16:15 and 16:30, Bitcoin and the second Bitcoin will crash! The reason for the crash is easy to understand: after finding the monthly line, it will look for the weekly low point! That is, ETH needs to break the previous spike of 3400, and Bitcoin needs to break the previous spike of 101516 (note that the crash on the 3rd is a quick downward spike, and the market makers will quickly collect it back).
On November 3rd, Bitcoin broke the position of 101516 with a downward spike, and ETH broke 3400 with a downward spike. The monthly line for Bitcoin has turned into a V-shaped bottom; the monthly line for ETH has turned into a three-spike bottom V-shape, with the recent low in August being 3353. The price of ETH on November 3rd with the three spikes is around 3353 +/- 30 points.
After ETH opens with a quick downward spike on November 3rd, the reversal long position will be set with orders below 3353.
After entering November, based on the V shape, the downward price for ETH is expected to be below around 3353. Once the downward spike occurs, it will enter a rising trend on the right side of the V; the downward price for Bitcoin is expected to be below 100,000 USD. After the downward spike, it will also enter a monthly V trend for a rise.
The right side is the double top! According to the previous ratio, the double top for Bitcoin is projected to be between 10000 and 15000 points; the double top for ETH is expected to be around 4956 USD, with an increase of about 200 to 300 points, predicting the double top for ETH to be 5156 USD!
Will the double top lead to a bear market? The region holds reservations! According to the long bull control trend, even if the double top does not enter a bear market, it will still be halved!
