$DASH did really well in this week. those looking for quick profits can exit at this stage and re-enter when btc makes its next move. i'll hold for next few months and try to buy more 🤞
Milly Fram A7Xf
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buy $HIGH , $MOVR & $DASH (in spot) in this dip and hold for next 2-3 months 🤞
If you're holding altcoins in your spot portfolio, there's no need to panic despite the current market conditions, with altcoins down by an average of 40–48% from their recent peaks.
This decline does not signal that altcoins are heading to zero. The ongoing sell-off, characterized by minimal rebounds, bears a strong resemblance to the Wyckoff accumulation phase often seen in market cycles. A significant recovery bounce is likely on the horizon.
Once this phase concludes, the market could present excellent opportunities for the next upward movement.
Key Takeaways:
Avoid overleveraging your trades, as this can lead to unnecessary losses.
Exercise patience—it is a critical factor for navigating this stage effectively.
Stay focused, stay informed, and make calculated decisions as the market progresses.
Our previous call for an Altseason surge came on October 18—exactly two months ago. That prediction perfectly aligned with the start of the latest rally in the total crypto market cap (excluding the top 10 coins). The chart shows the uncanny similarities between the current cycle (2022–2025) and the 2014–2017 cycle, particularly during the transition from the bear market to the bull run.
Both cycles share nearly identical accumulation phases, marked by a pivot trendline initially acting as resistance and later transforming into support. This shift led to the first bull flag formation, where prices pulled back to the 0.382 Fibonacci retracement level. At the same time, the 2-week MA50 (blue trendline) was tested as solid support—a key signal that prompted our timely buy call two months ago. Furthermore, the RSI and MACD indicators mirror the same patterns: RSI bottomed on an identical structure, and the MACD transitioned from bearish to bullish with a significant cross, all while the market consolidated within the bull flag structure.
At this stage, we have officially entered the parabolic rally phase (green upward channel), where upward momentum dominates without significant pullbacks. The market's next target appears to be the -1.5 Fibonacci extension level, historically a critical point. As a precaution, observe two key indicators signaling a potential market top, as seen in January 2018: an RSI triple top formation and the MACD's third bearish cross. These markers can help you lock in profits before the rally exhausts.
If you find this analysis valuable, show your support by liking, following, sharing, and dropping your thoughts in the comments! Stay prepared and make the most of Altseason 2024—the opportunities are here.
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$BTC looking for much deeper correction but if you are a spot trader then you have nothing much to worry about. it's just post halving fluctuation. Sooner or later BTC will surely reach 100k. Keep buying your favourite coins with every dip, buy in parts, invest as much as you can and once it's done close the app and chill. Come back in mid-august-september . 👀