I've said it many times, don't enter BTC and ETH before August 22nd, unless you're scalping and prepared to lose your capital. This will continue to retest until August 20-21-22nd, after which BOOMMMMM. #tradingstrategy $MYX
THE COMPOUNDER
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Bullish
Some people ask, why specifically August 22nd?
Hereās the ANSWER :
Last big retest after last cycle low hehehe.. that's the formula..
The number could be above the current one or below the current one, but the point is it's around August 22, it could be August 21, it could also be August 23, but according to the formula it's August 22.
After printing a fresh ATH at 883.86, $BNB is now pulling back into a correction phase. Currently trading near 864.07, bears are eyeing a possible retest of the $845 zone. If momentum stays weak, sellers could extend the move lower.
Short-side targets to watch: ā $858 (first retest level) ā $852 ā $845 (final support zone)
This phase looks like a short opportunity if rejection holds below 872ā875. Watch the volume closely for confirmation.
As long as you get the bottom, if the coin is minus, you can still relax. But if it goes above before the 22nd, your heart will definitely be healthy š š¤š»
This is all just a prediction. My suggestion is to lower it to 20-30% of the target to avoid getting your hopes up, as we never know what the market happen in the future.
After August 22nd, $BTC , $ETH , and others will pump.
1st scenario : BTC will touch 125,000, possibly retesting briefly, then shooting up to 130,000++, possibly touching 140,000.
Then, a big dump is likely. It could drop below 130,000 (this is when everyone thinks the bull run is over), but it turns out there will be one big pump that could potentially reach 150,000 (hopefully 160,000-180,000).
After that, a real bear market will emerge. The numbers above will certainly differ, but the patterns will likely be similar.
2nd scenario : BTC pumps to 140-150k, then drops below 130k, then rises again slightly, after which a bear market occurs.
Notes : Big DUMP around october. Be careful in this month, play it safe.
After August 22nd, $BTC , $ETH , and others will pump.
1st scenario : BTC will touch 125,000, possibly retesting briefly, then shooting up to 130,000++, possibly touching 140,000.
Then, a big dump is likely. It could drop below 130,000 (this is when everyone thinks the bull run is over), but it turns out there will be one big pump that could potentially reach 150,000 (hopefully 160,000-180,000).
After that, a real bear market will emerge. The numbers above will certainly differ, but the patterns will likely be similar.
2nd scenario : BTC pumps to 140-150k, then drops below 130k, then rises again slightly, after which a bear market occurs.
Notes : Big DUMP around october. Be careful in this month, play it safe.
One final ETH dump will likely be at 4000-4150 or around that.
If it reaches that number, you can enter in preparation for after the 22nd.
Why does it have to be close to the 22nd? Because there's no time to dump again.
If you bought yesterday at 4060, there's still a high chance of it dropping because there are still a few days until the 22nd.
The point is, we have to buy close to the 22nd. It doesn't matter if the price is higher than the previous bottom, at least it's safer in terms of time.
Playing it safe is better than losing money or not being able to stand to see your portfolio burn. #tradingstrategy $ETH
Be careful fake bullish guys. I think at least ONE BIG DUMP will happen soon before 22 August. after that it should be BIG BIG BIG PUMP. #tradingstrategy $ETH