The market currently has progressed to about 72%. The weekly chart shows a bullish candle, and the monthly chart is pulling back from the beginning of 94, then again forms a bullish doji with a large body, indicating that the bulls have the upper hand.
When will we enter the eighth wave? It is expected that on the 22nd of this month there will be a false signal to attract more buyers, with high consolidation from December 23rd to 24th, and a major pullback on the 25th.
Currently in the seventh wave, there was a pullback in the first few days; buying and holding altcoins during the pullback is currently safe. Pay attention to the major pullback on the 23rd to 25th of this month.
During the Christmas period, the market will pull back, and altcoins will also pull back, but the altcoins have just started moving from the bottom, so the pullback time will be shorter than that of the market.
Why? During the eighth wave pullback of the market, funds from the big coin will spill out and flow into undervalued application altcoins. The market will experience a consolidation during the eighth wave pullback, while altcoins will flourish! This is easy to understand; funds from the big coin in the eighth wave pullback have already flowed into the newly launched altcoins!
The tortoise and the hare; on the 25th of this month, the big coin will pull back in the eighth wave waiting for altcoins. Altcoins will soar after a brief pullback!
Does the altcoin in your hand have an application market? Is there heat? Did it just recently start to soar? Is the main currency a poor performer that has plummeted, while the market rises and it remains stagnant or even declines? Is it ranked around the top 50?
Self-check to avoid buying into a doomed star.
