13/12/2024

I am free right now, so I’m writing a few lines to share; it might be helpful for you. #BTC☀

1/ Is the market in an uptrend or not?

I can confirm this; in fact, the market has ended its downtrend since August 2023. The past year has been a time for the Alt market to test the bottom, while BTC and top coins have been growing.

2/ What is the current market trend going to be like?

We will have a period that people often call Altseason, a time when quite a few projects achieve significant growth.

3/ What should we do at this moment?

Certainly, we should not use Futures/Margin; we should only hold spot at this time. If you use futures or margin, you could wipe out your account before reaching the threshold of paradise. Just having a not-so-good position means that even if you only use 2X leverage, you could still get liquidated. You will find that Fibo or any technical analysis you have won’t apply because trading pairs depend on the Alt/BTC pair. Therefore, during growth, it can resonate beyond imagination, and corrections will also be beyond imagination; no Fibo chart can calculate that resonance. Thus, the best advice is to avoid using leveraged debt.

4/ How long will the growth last?

Only within a year; if you don’t know how to seize the opportunity, you might have to wait another 4 years. What needs to be done is not to wait for holding coins to reach x10 or x100. Set reasonable profit-taking targets and exit the market, continue with work and life. Do not use all your assets to bet on something you are not sure about.