Important clarification for this stage of the market.
Technical analysis is always wrong at times of momentum bottoms and momentum tops due to mixed emotions of traders.
Technical analysis is a key factor in determining the general direction of the markets, which is what brought us to this stage now by using technical analysis to determine the direction after confirming the bottom by breaching 25,000 for Bitcoin.
This is the peak stage now, which requires more use of portfolio management and risk management using technical analysis as an auxiliary factor only and not a main factor. The main factor now at this stage is to prefer portfolio management and risk management and try to reduce risks as much as possible.
The current stage of the market is the final stage and is referred to as the stage of disposal or redistribution of wealth and usually takes from two to three months and this stage started in mid-November.
One of the most important signals of disposal, as I mentioned more than once.
1- Bitcoin records a new peak, which is what happened at 99,000 so far.
2- Bitcoin correction below the recorded peak by a correction of 5% to 8%, then it fluctuates in a narrow sideways range. This is what happened
3- Acquisition correction, which is what happened
4- Currencies exploded with a strong rise, which is what happened in classic currencies with a billion market cap, and it happened.
5- Usually, liquidity exits Bitcoin to billion market cap currencies
large market cap
Then liquidity is taken out of it to medium and small million market cap currencies, and this is the final stage, and I think we have started it, and it may extend from this month, December, to the beginning of January, and usually when liquidity is transferred from one sector to another or from a market cap segment to a lower-degree market cap segment,
It is accompanied by quick sub-corrections to transfer liquidity.
And God knows best.