Another argument in favor of further market growth is the powerful pump of SUI.
Over the last year, when SUI shot up more than 100% from a local bottom, it marked further growth of the entire altcoin market. But even in these cases, SUI corrected after about 20% before continuing its bull run.
This pattern is nothing more than my assumption, my fantasy. Perhaps I am wishful thinking. Never blindly believe the opinions of people on the Internet. Do your own research. The responsibility is only yours.
So far, everything is going according to my forecast-scenario. I have fixed a profit of 20% of the entire portfolio. In the future, I expect a correction. If there is no correction, then there is a high probability of a new bull rally, similar to the one in November-December 2024. But I see that we are in a strong overbought zone and the market needs a correction. #others #btc #eth
In my opinion, we have reached the values I wrote about earlier. We are already in the overbought zone. RSI on the daily chart is already 60, on the 4-hour chart it is around 80. When the market is growing, it is psychologically more difficult to take profits, because it seems that the price can go higher. Anything is possible. But it is critically important to follow risk management. Therefore, I am partially fixing the profit for yesterday and today. You must be aware that the cryptocurrency market carries increased volatility, and therefore increased risk. If it seems easy to make money on the cryptocurrency market, then you are mistaken. More than 95% of people in the market lose money, and you will definitely be among these 95% if you blindly believe someone's opinion on the Internet. Think exclusively with your own head, all responsibility is only yours. #OTHERS#BTC#ETH
Since the last publication, the market situation has been fully working out my forecast/picture for the near future, going exactly along the line. But this in no way means that everything will go the same way in the future. However, I will continue to act along the line of my expectations. And if the market continues to go up, I will gradually partially fix the positions.
Every time I will remind and write here that it is impossible to predict the market. Never blindly trust someone's analysis and the opinions of people on the Internet. Devote time to your education and your own analysis. Responsibility for your actions is solely yours. #others #BTC #ETH #dyor
Hello everyone! This is my first post. I am showing a picture of my expectations for the next months, according to OTHERS I allow such a picture. I am basing it on historical patterns, sentiment and expectations of the crowd. The market almost always goes against the crowd.
The next few days may pass in correction. After that we will get a rebound, which will last until the end of April. If these values are around 50-60 according to RSI, then part of the portfolio will need to be fixed.
The beginning of May will be red. On May 7, the Fed's decision on the rate, special attention will be paid to the rhetoric of Jerome Powell.
I am an ordinary user, I have little experience in this, I can be wrong, it is impossible to predict the market. Never blindly trust someone's analysis and the opinions of people on the Internet. Devote time to your education and your own analysis. Responsibility for your actions is solely yours. #dyor #others #bitcoin #Ethereum