About the crazy altcoin season, you must be incredibly firm that it will come (future trend of Bitcoin)
The market has started to pull back, and I really don’t want to talk about my judgment anymore. Of course, it’s just a pullback in the altcoins; the drop in Bitcoin isn’t much of a pullback.
So the purpose of the pullback is only one: the altcoins are about to rally, and we must wash out some people first. Everyone is waiting for the altcoin season. In fact, if you review historical market trends, it’s not hard to find that before every wave of explosive growth, there’s always a pullback. This means the pullback occurs between the body of the fish and the tail of the fish in market trends.
Therefore, the real fish tail market is what we need to seize, but the recent pullback is likely to wash out many people. Of course, this is in line with market trends, because only when the vehicle is light can the market rally.
You must be incredibly firm that the fish tail market will come.
Only by being incredibly firm can you withstand the short-term adjustments in between. In fact, adjustments during a bull market are not uncommon; there will be multiple adjustments, but ultimately, the market will continue to rise. We have waited four years for this wave of market; if missed, one aspect is incredibly painful, and the other is that the time cost is too high. For small retail investors, missing a bull market is really not worth it, so don’t die before dawn.
Let’s briefly talk about the current market situation.
The reason for seeing the bull market is the monthly chart of the cloud chart.
Because the monthly chart has just started to rise, this trend makes me incredibly firm that the market will enter a bull phase. It also confirms that the altcoin season will come.
Chart 1
Cloud Chart Weekly
The weekly chart is currently at a top, with pullback risks, but it won’t go to the bottom. It’s likely to form a second top, and the adjustment cycle is about 2-4 weeks.
Chart 2
Daily chart tops should not be referenced much during a bull market, but the daily chart bottom is definitely a position to add to your holdings. Therefore, if the daily chart drops to the bottom, you must add to your holdings, or ignore the daily chart pullback and patiently wait for the big bull to arrive.
Chart 3
In fact, I personally believe that market analysis can be ignored; the most important thing is that you can withstand the adjustments at this position.