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Are you really sure that GMX is dead? $GMX #AltSeasonComing
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$ETH #altcoins #AltSeasonComing There are certain points that seem to have eluded what I call the "cycle analysts." They often perform a kind of copy-paste analysis without making the effort to track the critical movements and maneuvers of market makers, designed to obscure the correct path and lead you towards a point of no return. The fatal mistake made by most cycle analysts is considering Bitcoin's bottom at $15,000 and its peak at $69,000. The real bottom of Bitcoin, for accurate cycle calculations and comparisons, is actually $17,000, which is the same bottom that Ethereum reached. It is essential to include Total 3, Total 2, Bitcoin dominance, and many other indicators that assist in determining the market's overall direction. This helps you understand your position on the map and follow the correct direction. #ArtisticAnalysis
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$BTC When Bitcoin reached $25,000, I charted out a roadmap for Bitcoin, dividing each cycle into stages, each with its own rules and conditions. While the explanation is extensive, the chart speaks for itself. Having experienced two seasons of volatility in digital currencies, I understand the strong price fluctuations that often do not reflect the project's size or value. Price manipulation is easily achievable in the crypto world. Doubt creeps into your mind, making you hesitant to trust a project due to its declining market value. Consequently, all investors exit the project, allowing market makers to hoard the majority of coins, leading to significant price hikes. It's a journey that's far from easy, contrary to popular belief.
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$GMX #altcoins If we consider the Fibonacci tool from bottom to top, we observe that the price is currently pivoting around the golden ratio of 0.618. It's worth noting that the bottom is approximately at $11 and the peak at $98. We may notice some manipulation at the bottom, both upward and downward, amidst Bitcoin's volatility. The hour of decision approaches, and I advise vigilant monitoring and seizing opportunities.
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$ETH #AltSeasonComing Observing the similarity in Ethereum's price action, particularly during the critical test of the $2650 support level and its vicinity, is essential. Ethereum is often regarded as a benchmark for the cryptocurrency market. This similarity underscores the importance of monitoring these areas and considering reinforcement at the lowest possible prices. If the trend continues as depicted in the chart, it suggests that the correction phase may be nearing its end, ushering in a new phase for the cryptocurrency market towards higher levels.
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