Market Analysis 10.21
Hello, brothers, a new week has begun.
BTC is stronger than expected. It was predicted to fall by about $1,000 a few days ago.
But it only fell by $500 and continued to rise.
From the on-chain data, since the large-scale inflow of stablecoins in the exchange at the end of August,
there is no sign of decline at present.
And BTC in the exchange continues to flow out.
There are more people shorting than longing,
so it will continue to rise.
When will the altcoin season come?
According to historical rules, seven months after each halving, the altcoin season begins, and Bitcoin's dominance begins to collapse. This halving is in April, so seven months later it will be November-December. The altcoins are rising violently, but also fast. Many brothers who missed the opportunity did not make arrangements in advance to catch up, so they can only hang on the top of the mountain. Another point is that the altcoin season usually occurs in the last stage of each cycle. Last week, we said that the US election results will definitely rise before they are announced. But after the election, whether Trump wins or loses, there will be a correction and a drop of 10%. Because if Trump wins, then all the good news will be bad news. If Trump loses, it will also be bad news, so there will be a drop. So this time we have to reduce our positions and stop profits between the big rises in the US election. There is also a black swan about to take off. The THAAD missile defense system has been put into use in Israel. Israel has recently been perfecting its plan to attack Iran. The attack on Iran is certain. Gold is rising sharply. If a war breaks out, BTC will fall by 5%.
So the current position is critical.
If you don't buy, you're afraid of rising prices. If you buy, you're afraid of falling prices.
Investment is like this. There is no guaranteed profit.
You can only watch the general trend rise and take the risk to avoid missing out.
We always recommend holding FTM. It's about to break through. Sell it after breaking $1.
DOT, CHR, and AR can also be ambushed.
STX is about to explode.