The dust has settled, and the Bitcoin Halving has passed!
Now, let's look at the bigger picture.
In the 24 hours following the last two halving events, the general market has experienced:
- A mixed bag of emotions! In 2016, Bitcoin's price dropped by 2%, while in 2020, it rose by 4%.
- Increased volatility! The 24 hours after the halving have historically seen significant price swings, making it a wild ride for traders.
- A potential trend reversal! In both 2016 and 2020, the 24 hours after the halving marked a turning point in the market trend, with Bitcoin's price starting to move in a new direction.
And what about other cryptos? In the 24 hours after their halvings:
- Litecoin (LTC) saw a 10% increase in 2019
- Bitcoin Cash (BCH) experienced a 12% drop in 2020
Note that I've added the list of coins as part of the coins to watch out for in the next 24 hours.
Please keep in mind that this is not investment advice, and it's important to do your own research and consider your own risk tolerance before investing in any cryptocurrency.
Today's focus continue to be on the game-changing tactic of spotting Pocket Pivots.
These aren't merely movements; they're the whispers of the market's titans, signaling massive accumulations.
Recently victors riding the PP wave include $GALA, $CAKE, $UTK, $YGG etc — all soaring high.
The golden ticket? Look for PPs emerging from a lengthy consolidation phase; that's where the magic happens! ✨
Most often, the wave rides through three unsuspecting Pivot Points after a long consolidation, with the first being the best but easily missed if you're not constantly updating yourself.
While on the rise, it might even break two or three moving averages (considering 7, 25, and 99 MA) before reaching the second PP. Here, it's still a good buy because it could slow down, but by the third, it's mostly a race of 'catch me if you can.'
Missed the boat? Don't fret! $SC is brewing on the horizon, ready to be your next big catch.
Keep your gaze fixed on the market's horizon; the crypto ocean is deep, and the whales move silently but swiftly.
Be ready to sail with them towards uncharted territories of profit.