The reason for the Panic Sell partly comes from the fear of a new virus in China similar to Covid 2020. This is compounded by news that the U.S. Justice Department has allowed the sale of 6.5 trillion $ #BTC , leading to a sharp decline.
One should be cautious as there may be a massacre in the market because the second half of January still has a series of macroeconomic news regarding inflation, the presidential inauguration, and Fed interest rates.
My position right now is fully in USDT since December 20th. Saying this, I fear 90% of you will be sad, but I hope for a strong massacre to end the pain; a significant drop would multiply x times to get this year over with, it's just too exhausting.
2025 is optimistic but not complacent, always cautious step by step.!
Just gradually guessing the dealer's intentions to play this year.!
Many of you may wonder, according to the Chart, where do I expect Altcoin SS to happen?
The answer is that I most expect the Altcoin SS to occur in the green wave 5. As long as MM wants to push it up, the price can increase from the range of 85-92K back to the red peak range of 108-130K, which is more than enough for Altcoin to multiply several times. The important thing is the dealer's intentions to release Dom and push Altcoin up or not.
Although trying very hard, it is impossible to make the 1M candle of #BTC turn green.
Facing the fear that there will still be a decrease, it cannot enter a Bear Market just yet; it is merely completing wave 4 in order to await a more brilliant wave 5 ahead.
So, where do you think this decrease in wave 4 will stop so that it can turn around and continue running wave 5?
Why is this season hard to play? Because this season has not yet reached the Fomo level, so we can't just dive in right away. It's similar to the 2020-221 Trend Defi, where GameFi activated the Fomo for the Market.
The Fomo level this season I've mentioned before, it is when #ETH Breakout ATH 4900$ that it might trigger Fomo 😎
This time I was also lucky and determined to save money to bargain with the Market. After the STL break-even and the Market quickly surged on December 9, I was also determined to bargain without FOMO, either Full USDT for the Tet holiday, or only buy if it drops by 30%.
Fortunately, I have now waited to buy at a good price. Assuming I invest 100K$ and can negotiate a 20-30% discount, that would save me 20-30K$ .
Coming up, there are signs of an increase again, so I'll go Full Margin for a historic life-changing moment =))) Or back to the cow pen =))
This season, I feel quite different from 2021. There are too many coins, making it overwhelming, and each project covers multiple areas. I have consulted many well-known researchers, and each one follows a different direction, and even those directions vary greatly, with too many names. So this season, my viewpoint is to enjoy the rain as long as it lasts; x3 x4 is happiness. Setting targets too high that are not achievable will lead to disappointment.
Currently, I also feel that it is no longer suitable to call for purchases based on the general trend of 70-80% of the market, as we have already passed the wave of calls like that in October-November 2024. Now, each Altcoin will begin to separate and run its own wave until the market signals a distribution phase and reverses, ending the Altcoin season.
After careful consideration, I have filtered out a list of 14 codes that fit the trend but also align with the current technical analysis as it is still close to entry. I will share specific entry points privately later, while the list below includes the codes I will closely monitor and not pay attention to other external codes, as in an uptrend, any code can rise; the difference lies in timing and entry.
The first 7 codes in the list are already on Binance and are at a safer level, with entry points needing to be separate for each code. The remaining 7 codes are not yet on Binance or their prices are quite high compared to entry, but they are trending codes. I keep them in the list to closely follow and wait for a good entry point to enter.
One keyword I highly value this season is AI Agent. Closely following this keyword will provide significant opportunities.
I predict that Altcoin will enter a strong upward wave when #ETH breaks the ATH of $4900. Let's wait for #ETH to surge and break the ATH, leading the entire market.
Feel free to share and save for further reference.
After 2 days of News for the Market to run according to its own will, I have a bit of an update about #BTC as follows:
News #CPI, #PPI, and unemployment all came out not good, but the price did not act according to the News. Perhaps the drop from 102K to 94K was already a preemptive move for the 2 News. Therefore, a new model is forming here. The model is running an additional wave 5. Wave 5 can stop at any position, but at a minimum, it is the old peak of 104xxx$, with a maximum of 116-130K for wave 5.
To confirm that wave 5 is running, a few H4 candles need to close above 102500$. Conversely, if a few H4 candles close below 94000$ , it will confirm a downward wave to a minimum of 90xxx$, with a maximum of 78-85K.
During the time this price confirmation runs, I will finish selecting the Altcoin list as well as my Limit buy entries. I will post for you after this Update post.
#BTC Update 9/25/2024#BTChas stopped at the relatively close level of 65,000, of course this is the previous resistance level that the price reached on 8/25 and then fell nearly 20% to 53K.
The price zone around 62,500 that I provided before is still doing a good job of supporting#BTCto maintain the Sideway uptrend so that Altcoins can continue to increase to the x2-x3 levels compared to the lowest point in August.
Currently#BTC64,500.
Short Term H1-H4: In my opinion, the 64,700-66,000 zone is the resistance that#BTCcannot overcome immediately, there will be a correction wave to the area with good buying power 60,500-62,500 for a few more beats to consolidate buying power, pushing#BTCto reach higher resistance at 68,000-69,000.
In this round, if the price can push through 68-69K, it will match my long-term plan and the ratio is 70-80% that the August bottom is the bottom of a long and strong Bullrun wave. Following this short-term adjustment, most Altcoins will also decrease to the areas where it breaks out 2-3 bottoms, Breakout Trend Line. (Except for Alts that have broken too far, they may not be able to return to the Break point)
Long-term D1: 2 long-term#BTCbuying price zones 5xK-3xK that I have mentioned quite a lot. If the D1 candle does not close below 50K, my black line is still completely effective, then the black line will change to red.
Up to now, the green line about 3xK has a very small occurrence rate, exceeding 69K, as I said above, the black line is 80% - the green line is 20%. Just yesterday, a QUITE IMPORTANT news about the Chinese government deciding to pump money will add another signal to Confirm, the more Confirm signals there are, the more it will gradually confirm whether the bottom has been reached or not.
I don't often use Binance Square, it's quite a pity because last September I had a view for a beautiful increase in September from the beginning of the month and posted it on the platforms but forgot to post it on Square.
Let's look back at the Plan I analyzed from the beginning of September until now:
- Short term is done#BTCreaches nearly 65K. Done✅
- Medium term is running, still maintaining the Sideway trend of the 62-65K uptrend to pump Altcoin. There have been many Altcoins x2-x3 compared to the lowest bottom of August as presented in the post. ✅
- Long term is the story of the next few months so take it slow.
In August, I also reminded you about the recovery wave with an average increase of x2 from the lowest bottom of August. But compared to the increase in August, I think this September wave is more sustainable, not pumping for about 2-3 days and then collapsing like in August.
For me, the August and September Plans just finished for the account are quite perfect and satisfactory, I can't control everything but it's about 80%. If you find this September analysis interesting and useful, I hope you will support 1 Like 👍 to get motivation to share more upcoming Views.
Among all Altcoins on @Binance, I see that#TAOhas all the criteria to enter a long-term uptrend in the next few months.
First, the price is Sideway in the consolidation zone for many months, then the beard is released through the consolidation zone to sweep like Wyckoff at the Spring point. After releasing the beard, it creates a bullish athlete model plus a bearish Breakout. #TAOneeds to surpass $350 in this wave to confirm the uptrend of this wave.
Anyone who follows the TA school and looks at this chart and says it's not beautiful?
Long surf Altcoin then close and return to Short#BTCat the top.
Just 2 orders a month is enough to live through the months of Altcoin Market torment.
Get into the habit of trading less and slowing down to catch longer waves instead of trading with a continuous frequency to catch small short-term waves.
Why do I say that if#BTChas a D1 candlestick closing below 50K, it will confirm the breakage of the D1 frame bullish structure?
On frame D of #BTC, both bullish and bearish patterns are forming and the decisive key point will be the daily candlestick closing below 50K.
+ Bullish price pattern: as I said before, it is a Flag Pattern that should increase in the up wave, it is trying to Sideway 5xK to create 2 bottoms at 5xK to retest 66K, surpass 66K, the path to 72K is wide open. to continue breaking 72K with stronger bullish force than last time. + Bearish model: is a double top model, meaning the D1 candle closes below 50K to confirm this model and at the same time the above bullish model is also invalid. At the same time, the price needs to decrease to 42-35K at the green number 4 before it can increase sharply.
Thus, the 1D candlestick key closing below 50K is the decisive key for the above two models.
I myself have divided into two cases of green and red waves since March. As time goes by, the price movement will gradually become clearer by now. Even though there are two directions, I chose to bet on one of them. My opinion is that the price trend will be Sideway 5xk and then continue to increase to break the peak.
Provide feasible cases early, then when the price runs with more data, choose a feasible case. PTKT is just that much, but it doesn't explain to the guys who always shout about drawing like this, the price is right. When asked such a question, I assume that I don't know PTKT, but I also don't have the attitude of wanting to learn, so I ignore it and don't explain questions like that.
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From the post on March 14 until now, it's been 3 months. I have presented and confirmed a few Notes:
- The price fell from 73500 to 60xxx for the first time, I see that it is not the bottom there, Altcoin buying quickly falls because it is distributing the peak of Altcoin. Don't be foolish to hold Altcoin there for long, it's not the buying zone for #HODL2425 - There are only 2 regions with a concentration of bulls buying strongly to push the price to break the ATH, which are 52-58K and 35-42K. -> Result:#BTCran back to 56K and pulled Altcoin into a 2-3 division from the peak.
- On March 14, 3 months ago, I gave a price trend that would run if the wave reached the two strong bull zones 52-58K and 42-35K. Each price zone makes a prediction about how the price will go if it encounters the above two zones. Along with that, the buying zone#HODL2425for the Altcoins you are interested in will mostly be in the area between the two lowest bottoms on April 13-14 with 60-70% of the total account.
->> Result: 12 consecutive correct strokes for small waves from the peak of 73500 until now converging will equal only 1 black line from the peak of 73500, which is also the case of the first price reaction on the large frame chart. D1 is the price from the peak to the 52-58K area. The reaction will continue like a black arrow.
Why must it be divided into 12 small strokes? Because waves form from small frames to large frames, the second candlestick gradually forms into the monthly candlestick. Therefore, in the case of frame D1, which is a large frame, the price runs for several months to complete one stroke. We cannot wait like that, but must divide and analyze the smaller frames H1-H4 with small strokes, then synthesize and find showing signs of where#BTCwants to go and what to do, it will gradually become clear.
For me, I think the assembly is very nice, complete and neat in 12 strokes. As for the rest, now that it has touched the TP of stroke 12, which is 71-73K, I think you all can predict where#BTCwill go next, right?
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The uptrend continues from the Golden Entry area of 63500-65000. The target city is the red zone 70-73K. If there is a D1 candle that closes above 75K, the TP will extend to 80-90K. If you do not have a Long order yet, you can wait in the yellow zone in the coming days. Good Luck.
Just open it and see Caption Because BTC.Dom is high, Altcoin is stagnant and cannot increase??
High BTC.Dom is a result of money accumulating in #BTC holdings. Since when did the effect become the cause?
Let's say it correctly: Money is pouring into #BTC, so Altcoin has no cash flow, leading to a price drop as shown by the increase in #BTCDom.
And next, the#BTCDomCaption decreases, then Altcoin will be pumped. Another effect turned into a cause? =)))
Let's say it correctly: Money is being released from #BTC to buy Altcoins, causing Altcoins to increase in price as shown by the decrease in #BTCDom.
It is still possible to look at the#BTCDomChart to analyze and predict the increase or decrease of Dom, thereby predicting the price increase of Altcoin.
But nature is still nature, don't bring such deviation to F0 newcomers due to lack of understanding! Pls 🙏🙏
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