How to create a super altcoin in an uptrend market
When BTC increases in price, almost 90% of altcoins increase in price following BTC, so when BTC pushes up in price, do all other altcoins enter a price push cycle following BTC? The answer is yes, but only increases in price following BTC, but entering a price push cycle of altcoins requires an important signal that we will analyze together in today's article. As we know, the price of a coin increases when all 3 factors of the law converge: First, the law of supply and demand when demand overwhelms supply causes the price to increase and when supply equals demand, the price goes sideways with no clear trend.
$BTC signal from red light to yellow light appeared! Currently, BTC this morning touched the 92k support zone and immediately bounced back to the 95k zone with low average volume. Like the periods on 12-6-2024 or 12-20-2024 when BTC returned to the 92k zone with sudden volume, BTC almost bounced back to the resistance level and moved to a new phase (possibly bull trap or re-accumulation). However, at the current phase, we see that the volume did not suddenly increase but was almost similar to the period of 12-30-2024, and at that stage, the BTC price still returned to the 98k resistance level. At the current phase, do you think BTC will return to the same resistance level as the period of 12-30-2024? 1. The characteristics of the top coin drivers such as ETH, SOL, BNB, DOGE in the market always foresee positive scenarios of BTC, if BTC has the ability to increase in price, the big drivers of the top coins above will push the price before BTC to distribute goods at the highest price. For example, in the period of January 5, 2025, when BTC was hovering around the 98k mark, we saw that ETH, SOL, DOGE drivers pushed the price (there was an article on January 5, 2025).
So if in the current period, the top coins have a pure consensus to push the price before BTC, the possibility of BTC returning to the 98k mark is high, but if not, the most positive scenario is to re-accumulate around the 92k -95k area or worse, a bull trap phase from the 95k mark back to the 89k price area!
Let's look at the top coins like ETH, DOGE, SOL, BNB, XRP, they are almost all in the support zone and have not had any uptrend before BTC plus the demand at the low average support level of 92k, so the scenario....? Guys, please give me your opinion!
$BTC The game continues to delay! As we analyzed at the 102k area yesterday, if the cash flow continues to maintain with large volume and there is no sell-off force, then in reality, it has turned 180 degrees with the appearance of a sudden decrease in volume followed by 2 consecutive sessions of sell-off force causing BTC to turn the 102k area from an area preparing to enter an uptrend into a bull trap area (UTAD according to WICKOFF). And when looking at the top coins on the market such as ETH, SOL, DOGE in yesterday's session, there was no sell-off force and they were in the process of pushing up the price, however, the top coins such as BNB, XRP appeared in a re-accumulation area, causing the market to have a lack of consensus among organizations, so the most positive scenario is that re-accumulation for BTC does not happen. And in the next period when BTC fails to enter the price push phase at the 102k area, if there is any signal to recover to the 98k-99k area, this is an opportunity for you to escape from the stuck area. And there is a possibility that there will be a phase of abandonment that can cause the price to return to the 90k-91k price range like the session of failure to mobilize cash flow at the 64k area in the period of August 25, 2024. Therefore, in the next period, you need to observe and stay out of the market. You should not buy early at the current stage, but need to wait for BTC and top coins to show signs of collecting goods again in price areas with exhausted volume, creating a higher bottom than the previous bottom, similar to the sessions creating a bottom in the 90k - 92k area in the period of January 4, 2025 to January 6, 2025, guys! And currently, top coins like ETH, DOGE, SOL, BNB, XRP are affected by BTC, so they also move according to BTC's movement, but in the re-accumulation zone, there are no large distribution zones yet!
We have now seen BTC at 102k with not too much volume and breaking out of the psychological resistance zone of 99k - 100k. And it is in an extremely important cash flow mobilization phase (SOS phase according to WICKOFF) at 102k. There will be 2 scenarios here: Scenario 1: With this signal, smart money organizations will agree and continue to put money in to push up the price of BTC and the volume at the 102k price mark is continuously maintained with large volume and the price does not break out of the 101k zone.
Case 2: Smart money organizations have not agreed to push up the price of BTC and do not agree to put money in at the 102k price zone, causing the volume to gradually decrease at this price level and there may be a re-accumulation phase in the 100k - 102k zone or worse, a very strong bull trap phase. And when looking at the top coins on the market when BTC was in the 98k zone (January 3-5, 2024), the SOL and ETH drivers foresaw a positive scenario for the market, so they pushed the prices of SOL, ETH, and DOGE beyond the accumulation zones. And at the present stage, when we look at the footprints of the SOL, ETH, and DOGE drivers, there has not been any sell-off force, however, the demand for SOL, ETH, and DOGE is not really interested in pushing the price further, so it needs time to re-accumulate before going up. At the same time, top coins like BNB and XRP are still re-accumulating in the sideways zone. Because the teams driving the top coins (ETH, SOL, DOGE, BNB) in the market always sniff out the good and bad scenarios of BTC, BTC will re-accumulate in the 100k-102k range, which is extremely high. Therefore, at the present stage, we do not need to rush but wait for BTC's adjustment zones to buy gradually!
Currently, BTC is in an extremely important area, the 98k - 99k area, which is the psychological resistance level where small traders start to take profits extremely much at this stage. And currently, BTC is having an extremely obvious behavior of collecting goods by organizations in this price area when at this 98-99k level, there is no supply or demand force from organizations, but the price only trades without fluctuating in this area. You can see this phenomenon in the period before the uptrend of December 5, 2024, when BTC also only traded around the price of 42k-43k, below the psychological resistance level similar to the current period. And if this scenario really happens, in today's session, if we see any supply force overflowing but the price does not go beyond the 96.3k zone (the capital price of the organization), then we will step one more foot into an uptrend of BTC. And according to WICKOFF, this is the final rejection phase in the process of pushing the price of BTC beyond the 99k-100k mark.
And after this period, we must see BTC continue to fluctuate extremely narrowly in the 97.3 - 98k zone and the cash flow begins to absorb all the supply (profit-taking force) of small traders with increasing volume, then we can start to gradually buy BTC in price zones after the volume is exhausted, similar to the bottoming phase at the 92.3k or 93.6k zone in the period from December 31, 2024 to January 1, 2025. Because the current drop is very likely to happen, you should stay out and wait for a better entry point similar to the session on December 31, 2024 or January 1, 2025. And also to limit the risk when BTC can continue to re-accumulate and return to the price zone of 92k!
$BTC The phenomenon of once a year has appeared, has the cash flow started to return???
Currently, BTC is at an extremely important price zone, which is the psychological resistance level of 99k-100k, where it will be decided whether the organization's battle will start at this price zone or whether it will be a short-term sell-off to return to the important support level of 92k-93k and continue the accumulation process as in the period from November 24, 2024 to present.
At this price range, we see an extremely strange phenomenon when there is a differentiation between top coins such as SOL (entered the price push phase), DOGE (entered the price push phase), ETH (price push) with BTC similar to the differentiation phase before the BTC bull trap in the period of 12-25-2024 when top coins such as SOL (was abandoned in the accumulation pattern), DOGE (supply pattern), ETH (has not completed the accumulation pattern). So similar to the previous period, the driving teams, the large cash flow of the top coins foresee the risk of BTC when at the important resistance zone of 99k on 12-25-2024, there were sell-off signals to limit the risk in advance. The current period is the opposite of the period of 12-25-2024, organizations have started to gradually put money in to push up the price of top coins such as ETH, SOL, DOGE without the appearance of a sell-off process. And this is a positive signal when the cash flow does not leave the market similar to the period of 12-25-2024 but has stayed at this period. Therefore, it is likely that at the price point of 99k-100k, large cash flow will likely return to BTC and if the cash flow continues to maintain with large volume at the 99k-100k mark similar to the session of 11-6-2024 and the top coins on the market start to push up the price, we can start to confidently hold BTC and altcoins!
The moment of seasonal transition has come, will spring arrive or will spring depart??? Currently, BTC is at a very important resistance level of the 99k-100k range, which is the psychological resistance level where many small investors are taking profits at this stage, similar to the profit-taking stage at the BTC 99-100k range on December 25, 2024. And if the institutional money does not actually hold the BTC price at the 99k-100k level to enter the next price push phase, then returning to the 92k-93k range is inevitable, as at this 99k-100k level, the supply force will outweigh the demand force. And to prevent the price from returning to the 92k-93k level in the coming days, we need to see one thing only: the money flow must be maintained with large volume similar to the trading sessions on November 6, 2024, or September 17, 2024. The money flow must be maintained at the 99k-100k level to accomplish two main tasks of the organization: First, to absorb all the profit-taking force of small investors at the 99k-100k level, where anyone selling at the 99k level will be immediately bought back by the organization. Second, to signal to other organizations at this 99k-100k level that we (the organization) are preparing to push the price, inviting you (other smart money) to join me in pushing the price to eliminate the short positions at this 99k-100k level. At that point, we will see an extremely high trading volume at the 99k-100k level, reflecting the struggle between the organization and small investors. And that is the important signal for BTC to enter a new uptrend cycle similar to the periods of November 6, 2024, or September 17, 2024. So in this phase, should we hold our positions or start taking profits at this stage? In my opinion, the scenario is 70:30 and nothing is clear yet, so you should take profits of 70-80% and stand aside to observe if there are signals as mentioned above?
BTC is bright, there may be light and moderate rain in the coming period! Yesterday, after the session of creating a bottom (93.4k) higher than the previous bottom (92.3k) in the exhausted volume areas, showing that demand is stronger than supply, BTC had a session last night to confirm the bottom area (93.4k) and is currently ready to go up to the 99-100k area. However, in this accumulation area, organizations will rarely participate in pushing prices up, but mainly small traders will trade with each other. If trading, it will only be in a small quantity to create a fomo mentality for small traders to cling to (shown in the small volume cluster when breaking out of the 93.4k area to the 97k area). So in the current period, if you hold the goods below the price zones at the support level of 92.3k - 93k, you can hold the goods to the 99k - 100k zone to start taking profits to avoid being fomo to the 99k zone. Continue holding the goods like the bottom confirmation phase on December 24, 2024 until April 26, 2024, when it will be sold off and return to the support zone of 92k. If you want to continue holding the goods, in the 99k - 100k zone, we need to see an extremely strong demand force similar to the session on December 5, 2024, breaking out of the 99k zone, then the cash flow is maintained (like the period of November 6, 2024) at the price of 100k-102k, then we can consider continuing to hold the goods. In case the demand is low in the 99k - 100k area, we should consider starting to take profits because the organization is not determined to put money in to absorb all the profit-taking force of small retailers in the 99 - 100k price area (resistance). Therefore, the trading strategy during the BTC accumulation period is still the same as yesterday. You can refer to my article or comment number 1. I will send you specific buying and selling points and choose the top 1 goods!
$BTC After the rain, the sky clears up! Currently, BTC is in a very wonderful accumulation zone with no sell-off appearing during the bottom phase of 92k in the sideways accumulation zone of 92k - 98k. And if the money flow truly returns in the upcoming phase and confirms with a large volume bar along with the price breaking out of the 99k zone, the opportunity will start to emerge for a new uptrend cycle of BTC. At the moment, BTC is in the accumulation zone (94k) reaching exhaustion in volume and is creating a higher low, indicating that retail demand is gradually becoming more active and buying more BTC, causing the price to continuously rise. During this tedious accumulation process, organizations will often create a positive sentiment for retail investors to FOMO by confirming an upward phase breaking out of the 94k zone, making it highly likely that the price will return to the 98k - 99k zone. Therefore, if trading at this stage, we can start to buy in, but we should only trade short and consider the behavior of organizations when the price of BTC returns to the 98-99k zone. And the characteristic of this accumulation market is that BTC will always move with unpredictable fluctuations when breaking out of the 94k zone up to the 97k - 98k zone and can return at any time to the 93-94k zone. And the altcoins that are accumulating will fluctuate along with BTC's movements; however, the altcoins that are in the price push phase will continue to push the price, while those in the distribution phase will continue to distribute. Therefore, to achieve the lowest risk ratio, we should choose to trade with altcoins that are in the price push preparation phase (XLM, IOTA,..), and distribution (AERGO, PHA,..). And if you want specific entry points, comment number 1 on my post.
$BTC The accumulation without strong fluctuations is a prerequisite for the upcoming uptrend! As we know, every uptrend cycle must start from the cause of accumulation according to the law of cause and effect. And currently, we are witnessing a truly wonderful accumulation consensus of BTC and top coins like ETH, XRP, and SOL. During this phase, looking back at the period when BTC was at 15-16k, many were extremely frustrated and many believed that this market was a scam and that it's impossible to make money until BTC uptrends to 30k and then 70k. Only then did we start to fomo and return to the market. And those moments of fomo are the perfect opportunities for institutions to distribute their holdings to retail investors like us. Then we start cursing and continue to think that this market is a scam and that it's impossible to make money. In the current phase, many are buying without making profits or making very little, leading to a sense of frustration and leaving the market, similar to BTC during the bottom periods of 15-16k. So why not look back at those frustrating periods to see this as an opportunity to prepare for a new uptrend cycle instead of leaving at this moment? The evidence is that the current top coins are showing a very good consensus on accumulation and there have been no signs of distribution during this period, indicating that institutions are very eager in preparation for an upcoming fomo phase. Therefore, you should prepare to analyze the market very carefully during this period to get ready for an uptrend in 2025! Happy new year 2025!
$BTC continues to see consensus with top coins, the process of shedding individual investors is always lurking! As we have analyzed in previous articles, BTC is primarily in the accumulation phase by institutions, without significant large capital from institutions actively participating in the price push of BTC. During this stage, large capital flows will be less active, mainly accumulating quietly to prepare for pushing BTC's price in the upcoming phase, which according to WICKOFF is the phase B of BTC (the accumulation process). At the same time, it's not just BTC that is quietly accumulating; other top coins like ETH, SOL, and BNB are also starting to accumulate based on the fluctuations of BTC during the accumulation process. However, each team behind each top coin will have a different way of accumulating, as shown in the charts; for example, BNB's accumulation process is not being sold off to lower price zones like SOL and ETH. The accumulation process of ETH and SOL has some differences in terms of patterns because the supply and demand of each coin are different, but looking at the overall picture, they are still in phase B of accumulation according to WICKOFF. Doge also has a similar accumulation process to ETH and SOL, but when looking at specific charts, we will see that each top coin has its own unique pattern, which can confuse us during the analysis, but ultimately they are all in the accumulation process. Because large capital has not truly participated in pushing the prices of BTC and other top coins in the market, the upcoming market phase will lack demand force, causing prices to only move sideways or worse, be distributed during the ranging process. So, what scenario do you think will happen in the upcoming phase???
Giving the brothers the end-of-year bet for a similar buying point at the GMT bet yesterday! Buy at the break point BU, okay? Brothers should note that after this session, if the money does not come in to continue pushing the price up, then after 2 PM you must exit the order because the organization has not really put money in to push the price, this is just a bull trap! Every buying point is a bet for SSV in phase E, if wrong, we withdraw capital to minimize losses, otherwise, if correct, we will gain a similar move as GMT at the current stage.
$BTC : Accumulation phase to seek opportunities in the extremely bearish market at the current stage! Currently, BTC is in a phase of re-accumulation, gathering assets, so large cash flows are not appearing in BTC and top coins, causing BTC to rise sharply but only fluctuate around the range of 92k - 99k in this extremely uncomfortable phase, making it very difficult for many traders to earn profits during this period. However, taking advantage of the frustration of retail investors during this phase, small-cap altcoin teams will often push prices to create interest in this market's dull phase. Specifically, yesterday we saw BTC and top coins not trading with much volatility, but $GMT made a very strong price push, increasing by 30% since breaking out from the last supply-demand crucial test area before entering the price push phase (0.167). However, the altcoin ZEN continues its distribution cycle, continuously decreasing from a peak of 44 to 28 without any signs of recovery, while other altcoins are also in a re-accumulation phase similar to BTC to prepare for a new cycle. Therefore, it can be concluded that during this BTC re-accumulation phase, small-cap altcoins preparing for a price push will enter the price push phase, altcoins that are accumulating will continue to accumulate alongside BTC, and altcoins that are distributing will continue to distribute. Thus, in the last two days of the weekend, the trading of large organizations will be very limited, so it is highly likely that BTC will continue to re-accumulate, and this is precisely our opportunity to hunt for altcoins that are preparing to enter the price push phase, such as GMT at the current stage. And you can check the buying point in the image below!
#2024withBinance Thank you all for supporting my channel. Next year, I will try to release new content according to your requests to provide you with useful knowledge to fight long-term in this money-smelling cryptocurrency market!
Wishing you all a prosperous new year and a prosperous new year 2025 with another extremely brilliant BTC uptrend cycle!
$BTC characteristics of the market when the leader is re-accumulating! Currently, we are witnessing the extremely difficult upward process of BTC when it rises to the upper boundary of 98k, it is immediately pushed down to the 92k range. Why is this process happening??? According to the WICKOFF method, this is the re-accumulation process of organizations after a phase of injecting money to push prices up strongly with three objectives: 1. Continue to eliminate individual investors during the next price push to reduce costs in the price push process (not allowing retail investors to take too much profit) 2. Continue to mobilize other smart money flows to participate in the price push to reduce costs (to avoid situations where large organizations sell large quantities causing difficulties in pushing prices) 3. Avoid future risks if black swan events occur (COVID-19, wars, ...) and be able to sell quickly at high prices in the re-accumulation range. Currently, organizations are implementing the first objective, which is to eliminate individual investors in two ways: 1. Create a feeling of frustration by keeping BTC's price trading around the 92-98k range, causing retail investors to drop out. 2. Create a sense of panic by possibly pushing BTC to break the 92k support level in the upcoming sessions, leading to lower price ranges like 89k or 87k. The second method has not occurred yet, but it is likely to appear soon: Currently, the second objective in the re-accumulation process has not appeared as the top coins do not have the consensus of smart money flows participating in the price push such as: ETH (starting to form a bottom), SOL, DOGE (currently in the testing range of phase C according to WICKOFF), XRP (in phase B similar to BTC),.. (read more in the comments)
$BTC The process of eliminating investors is getting more and more severe!
Currently, BTC is creating a horizontal boundary of 92k - 98k in the final abandonment process without any strong cash flow signals after the supply and demand testing zones similar to the uptrend periods of 11-2024, 9-2024, 1-2024. That proves that the current institutional cash flow is still hesitant to put money in to continue pushing up the price of BTC or the organization wants to continue eliminating investors to prepare for entering a new cycle.
And the horizontal boundary in the current 92k - 98k area is very similar to the horizontal boundary of BTC in the period of July - 2023. And the price characteristic when moving in the boundary zone, when going up to the upper boundary (98k) will return to the lower boundary of 92k.
However, in the period of July 2023, when BTC moves in the same border area as in the current period, the top coins such as XRP, SOL in that period are in the distribution phase, proving that the market is not favorable for the top coins above to push the price. And after the distribution phase of that top coin, BTC has had a break out of the lower border to start distributing. However, the border process in the current period is different from the period of July 2024 when XRP is in the re-accumulation zone, SOL is in the final phase of abandonment to prepare for a price push cycle and no top coin is in the distribution process but mainly in the re-accumulation process. So in the coming period, if BTC does not have cash flow coming in and returning to the border area below 92k, the possibility of falling further and breaking out of the 92k area is quite low when the top coins do not show signs of distribution like in the period of July 2023.And the price re-accumulation scenario will be in the 92-98k range in the coming period....
$BTC has shown a continuous supply overflow, the process of torturing investors continues! Currently, we are in a short-term downtrend phase of BTC with supply overwhelming demand, causing the price of BTC today to continuously drop from the 97k mark to the 94k mark without any recovery. This behavior is reflected through a downward accumulation pattern at the current stage with gradually decreasing liquidity and no signs of any institutional behavior at this time to halt the price decline of BTC. Additionally, currently in the market, top coins like ETH and SOL are in an extremely heavy downtrend, and there are no signs of any recovery zones, indicating that institutions have no demand to catch the bottom at this stage for major top coins in the market. Therefore, from a technical perspective, with the downward accumulation pattern and the lack of consensus from institutions in starting to catch the bottom of the top coins, the likelihood of BTC breaking out of the 92k zone tonight or tomorrow is extremely high. If this breakout process occurs with a spike in volume similar to the early October 2024 phase, we can start to confirm the bottom formation process. Thus, at this current stage, it is advisable for you to prioritize shorting rather than longing on altcoins that are in the distribution phase like AAVE, COW, etc.!
$BTC The process of rising will encounter many difficulties! We are currently in an extremely difficult stage for retail investors as BTC, according to technical analysis, is in the final capitulation phase (phase C) according to WICKOFF. And the characteristic of phase C according to WICKOFF is that during the upward process, there will continuously be resistance forces taking profits that will cause the price to fluctuate up and down extremely uncomfortably, but usually will create higher lows with gradually increasing volume (indicating that institutions are starting to put in some money to absorb the selling pressure from retail investors until there is no more selling pressure from retail investors, then it will enter phase D - calling for funds from other institutions to participate in pushing the price). Because of the characteristic of a constant appearance of supply when BTC is in phase C according to WICKOFF, if there is capital flow starting to enter and pushing BTC prices to the ranges of 98-99k, we will continuously see BTC being pushed back immediately to support areas of 94-95k. However, the subsequent lows will usually be gradually raised until all retail investors are shaken out, then institutions will actually put a large amount of money in to enter phase D - the phase of capital raising. Due to the characteristic of phase C continuously appearing with sell-offs, we will wait for BTC to drop to support areas to start buying ALTCOINS that are in the BU phase (phase D - according to WICKOFF) to start buying up and shorting in the current phase like KOMA. Currently, almost all altcoins and topcoins in this phase are experiencing fierce sell-off processes, so around the market, there are hardly any altcoins or topcoins set up for price pushing. #ChrismastMarketAnalysis
$BTC how to create a bottom when falling out of the accumulation zone! Currently, many people in the market are confused with their accounts burning brightly. However, don't worry too much because the process of institutional investors shedding is always very fierce to start a new cycle, and there are only 2 ways for us to leave: creating a panic mentality (accounts going negative quickly) and creating an extremely discouraged mentality (when holding a significant loss while the account is in the red for a long time). And we are at the first stage of the process of shedding individual investors from institutions, which is creating an extremely fearful mentality in the market as the price of BTC has dropped by 15% (from 107k down to 92k) in just 2 days. The next stage of this process is to create a discouraged mentality among institutions by allowing BTC to move in the range of 96k - 97k for a similar duration as the falling cycles out of the accumulation zone at the second falling phase in stages like January 24, 2024, June 11, 2023, March 10, 2024. At these second falling phases, we may witness another fierce drop from institutions, falling into a third drop, but this case is less likely to occur if and only if the top coins are simultaneously distributed; however, at the moment, top coins like BNB and XRP are still in a tightly held accumulation zone. Therefore, on Saturday, this Sunday, the market is highly likely to remain stable and create a tight support zone around 96-97.8k to create a discouraged mentality for the small retail investors, and that is the crucial moment for us to observe whether the money flow can come back to enter a new cycle or not! #BTCNextMove
The market is experiencing a tremendous consensus among top coins and BTC, ready for an upcoming price push! As of December 17, 2024, BTC is at the price level of 107k, showing significant divergence between BTC and top coins like SOL, DOGE, XRP (analyzed in detail in the article dated December 13, 2024), causing the price of BTC to drop straight to 101k today. So can this drop recover back to 107k or possibly go further so that we can start accumulating? We need to have two confirmation conditions: 1. There must be consensus among top coins ready for a price push with BTC similar to BTC at the moment on December 10, 2024. At that time, top coins like SOL, ETH, BNB, DOGE, after BTC dropped to the support area and created a spring area (according to WICKOFF), also dropped to the support area and created a similar spring phase to BTC. After that, BTC and the top coins agreed to rise to the upper resistance area on December 11. And currently, looking at the chart, we see SOL, DOGE, XRP, ETH all in a spring area in consensus with BTC, ready to recover to the resistance area or go further similar to BTC in the previous drop phase. 2. After the supply and demand check process (testing area according to WICKOFF in phase C) at the price level of 101k, we need to see capital flow in and break out of the supply and demand testing area (the narrow price fluctuation area with low volume - similar to the BTC range on December 10 to 11, 2024), causing the price to hover around 103k - 105k. This testing process may occur tonight, causing the price to drop back to 98k and then rise back to 101k with low volume, and note at the area ..... #MarketCorrectionBuyOrHODL?