If ETH maintains stability above $3420, the next target on the 4-hour chart could be $3680, based on technical analysis. An increase in volume and favorable market conditions may support this upward move. However, losing the support level could pose downside risks.
We are experiencing another interesting day. #BTC is dropping alongside BTC.D, while OTHERS.D is rising, and altcoins are holding up well, with some even showing gains. Hopefully, they won't mess it up... Short liquidations are waiting above, while the market is heading toward newly formed long liquidations below.
All coins have clearly reacted from their bottom levels. About a month ago, a coin you bought at its lowest point might have gained 100% in value. However, it recently returned to the same level where you first bought it, forming a "double bottom" pattern on the weekly charts. If Bitcoin and Ethereum don’t show unexpected movements, it’s likely that we’ll see peak levels on the monthly charts.
They need to attract investors to the market to attract the victims of the next bear, these declines will last then the bull will come in full force until the victims of the bear make money in the market
don't miss the train It reveals technical analysis, fundamental analysis and trend. You can catch the train even if you don't know the news flow by looking at technical analysis
With each sudden decline and correction, the "big crash could happen at any moment" trauma acquired during the Bear Season will recur.
Because of this trauma, it will be difficult to accept that the Moon is over before it is too late and to wait patiently without becoming a victim of petty calculations.
Don't expect to be entirely cash friends, make sure you have coins in your hand, no one knows what will happen in this legendary market.
BEAR trap occurs when the market, which has been in a downward trend for a long time, enters an upward period! It rises for a certain period of time and then correction comes. The investor, who has been experiencing a continuous decline for 2 years, sold his property in full, thinking that the decline would continue, and the market went up.
Although not as painful as the BULL trap, the BEAR trap is also painful in terms of missing a profit or missing the opportunity to replace previously lost money.
#Bitcoin If today's rise is the intermediate rise before the Bull, the first quarter of 2024 may be bloody as it is said that "the Bull Season before the halving has begun". Yes, it does not have to be an intermediate rise followed by a bloody fall, but $52000 must be crossed in order to say that the bull has started. Consider both possibilities, avoid being all-cash or all-coin
#Bitcoin New investors who entered the market during the 2021 Bull season;
Looking back, they realized that the people who made the most money were not the people who looked at the charts day and night, but the people who bought during the Bear Season and waited patiently until the Bull season.
When #Bitcoin goes Bullish, we will see sudden drops of 20% As Bitcoin continues to rise after sudden declines and this cycle repeats several times, the perception that "every sudden decline is a buying opportunity" will arise. This perception will make it impossible for us to exit the stock market at the beginning of the next month.