Warning: Currently with this data, I can only give a 50:50 ratio for my prediction, I do not focus too much on technical analysis but focus more on crowd psychology because this season has the participation of ETF funds.
The cup and handle pattern has formed on the extremely large time frame of both total 2 and total 3. We can easily see that this pattern will definitely be completed and BTC will have an uptrend phase according to the textbook. But the question is will it start in December or February?
As I said, I cannot know exactly at the moment, the number given is 50:50 but personally I am leaning towards the option of February 2025. Why?
The reason I give is quite simple, CROWD PSYCHOLOGY You can contact yourself directly while reading this article. Your goal is to invest long term until 2025, everyone will say that. But think about it, do you want to withdraw a part of your profits at the end of the year to shop and take care of your family? I think most of you do! You will withdraw.
So what happens if we get trapped like that? Altcoin will have a new bottom when investors are too fed up with the market, Crypto news will be overshadowed by Noel, New Year cooldown, Luna new year and billions of other news that you care about on New Year's. Investors who are holding coins want to cut losses to withdraw money, while investors who are holding cash do not have time to follow the market.
For me, this will be a textbook sell-off and if it happens, that will be the time I buy 100% of the cash I am holding.
You swing a few prices total 2 red, just like going up then sweeping down swing a bit to crush altcoin like this, you guys are still standing at the foot of the uptrend season. Why do I only look at total 2 and total 3 to play this season? It's because the ETF game injects a lot of capital into the market but only revolves around BTC, ETH gets a little sniff So BTC creates a strong bullish candle but you guys are still at the foot of the uptrend season, this season I don't know how crazy BTC can run, but if it really releases doom and has more policies to loosen Crypto, when BTC releases doom, alt will definitely go really crazy . At first, I also thought that this season altseason is only x5 x10, at most x20 only, but when I see kols all saying that there are too many coins, the market is too big so it can't x100 like previous seasons, I think differently . When BTC releases doom this season, it will be really crazy, not just stopping at x100 but maybe 200 300 But there will also be x3 x5 phases and then the line will be split into 2 or 3 So if you have entered the line with a good entry point, hold firmly, if you have full cash, start calculating to buy about 30-50% of your account for mid caps!
The information will be updated but please look at the chart I took, if you play the weekly chart (today I took the daily chart and zoomed it out so you can easily see how BTC presses alt), it is impossible to call you to buy the next day x5 x10 right away, so try to be patient!
If you can't be patient, just stand outside and watch, don't invest, guys, buy and place a TP and go to work to earn DCA money, if it splits :))
In November, if 1 of the remaining 3 weekly candles of total 2 closes above 1.18T, it will confirm the pattern breaking into an uptrend. At present, it is still quite 50:50. Yesterday, after announcing the index, it seemed quite good, so the market bounced back, BTC broke 90k and the possibility of going up to 99k in the next few days because the RSI frame W1 is still quite low, but alt is a bit breathless except for the memes that are being pumped :)) Next week, close the candle and update again, guys. Do you think the uptrend will continue from here or will there still be a correction phase?
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Bearish
How we can be trapped
Warning: Currently with this data, I can only give a 50:50 ratio for my prediction, I do not focus too much on technical analysis but focus more on crowd psychology because this season has the participation of ETF funds.
The cup and handle pattern has formed on the extremely large time frame of both total 2 and total 3. We can easily see that this pattern will definitely be completed and BTC will have an uptrend phase according to the textbook. But the question is will it start in December or February?
As I said, I cannot know exactly at the moment, the number given is 50:50 but personally I am leaning towards the option of February 2025. Why?
The reason I give is quite simple, CROWD PSYCHOLOGY You can contact yourself directly while reading this article. Your goal is to invest long term until 2025, everyone will say that. But think about it, do you want to withdraw a part of your profits at the end of the year to shop and take care of your family? I think most of you do! You will withdraw.
So what happens if we get trapped like that? Altcoin will have a new bottom when investors are too fed up with the market, Crypto news will be overshadowed by Noel, New Year cooldown, Luna new year and billions of other news that you care about on New Year's. Investors who are holding coins want to cut losses to withdraw money, while investors who are holding cash do not have time to follow the market.
For me, this will be a textbook sell-off and if it happens, that will be the time I buy 100% of the cash I am holding.
If a strong correction occurs, where is the problem for investors?
A lesson that MM has performed continuously and will continue to perform again for a simple reason - The psychology of the majority never changes
During the period of price decline, we all see that every time BTC drops a few prices, altcoins immediately create a new bottom. But the adjustments in the uptrend are different, it is designed to make you impatient to keep the tokens that you have accumulated for a long time.
Specifically, if BTC has strong corrections in the coming time, most of the market will be red but there will always be bright stars like AGLD today, it will make you doubt whether your investment choice is correct when every time you open the app, your account is negative while the top increase is +50% +100% +200%. And then you give up the token that you have a good buying position, choose to ride the top of a random token in the top increase
And BOOMMMM!
MM and the market say goodbye to you and your account :)
Btw if you miss the Pnut train, buy COW, brothers, every x2 from this price, cut the principal, hold profit x10, then you choose to cut or continue holding
How will BTC ETFs in particular or crypto ETFs in general make a difference in this uptrend season?
First, we need to clarify the concept of ETFs. Unlike investments from investment funds, ETFs are generally an organization that trades BTC on behalf of users, similar to buying gold certificates but not holding a single gold bar.
So what difference does this make?
In my personal opinion, this uptrend season will be easier for those who have been in the market for a long time (having experienced 1-2 uptrend seasons) because the high volatility of the cryptocurrency market is completely different from the traditional financial market that is familiar to those who use ETFs.
Looking at the chart, we can see that the volume of ETFs goes exactly the way the market wants us to participate - Buy at the top and sell at the bottom.
So what should we pay attention to with this new uptrend season?
BTC may not run straight like previous seasons but may be sluggish and every 2-3 weeks there will be strong fluctuating candles (Both up and down) to shake off ETF funds.
With the mentality of new investors coming to Crypto through ETFs, buying at a price > $85k for 1 $BTC , just a swing price of $80-85k within 2 weeks is enough for them to cut losses or close the deal before btc pumps
So always observe the volume of the BTC ETF market to predict the bullish candle. BTC is likely to pump strongly after the volume of this market decreases and then will make dump and swing candles for ETF investors to sell to cut losses. Based on that factor, we will create a difference in our investment style in the 2024-2025 uptrend season
A small tip to share with you guys. Why is my favorite portfolio red these days, btc slipping, except for ml Neiro x10 since the listing (with ml $PNUT , I guess it will be x10 in 2 months), the rest are almost around the entry The reason is that I have been around the bottom of the ones that have the ability to increase strongly, along with this ability, there will definitely be a phase of selling that makes you guys can't stand it anymore and quit. Then when pushing, these will be the ones with 1 D1 candle that can multiply 3 or 5 times. For those who are interested, at this time I recommend People at 0.055 to 0.02. The tp in February 2025 will be around 1-1.5$ . In particular, $PDA is classified as a lottery. Should be in wallet but buy less, it's okay to split 5 from here but if it slips then $AXS last season might lose $PEOPLE
What could happen next? In the recent period, the economy has clearly lost steam, but through the indicators always showing the optimism of the Biden administration as well as the confidence of the FED So what could happen if this confidence and optimism is built to cover up the possibility of an economic recession. Everything will gradually become clear after the election has been decided, the announcement of indicators this week could cause a shock to investors if that is true and the Biden administration no longer wants to cover up the economic difficulties through optimistic numbers.
Instead, on January 20, 2025, the old administration will leave Trump with nothing more than a pile of trash.
Prices often run ahead of news and it is possible that if the above assessment is correct, we could witness a stronger market fluctuation this week.
Remember that the uptrend season will definitely come, what we need is a reasonable buying point and patience. But until now, BTC has not been able to completely separate itself from the influence of the traditional financial market as the goal for which it was created. . Allocate your investment reasonably and always keep a USDT amount to deal with the market correction. This correction may last until January 2025 or if everything is as the FED said, a soft landing will help BTC enter an uptrend from now until the third quarter of next year.