Most people are too worried or anxious to see that we are forming a double BOTTOM here at #BTC , and before that we have already formed at some good #altcoin .
I know that MOST people are still calling for CHAOS, but let's be honest here, most Analysts change their opinion with every movement on the chart, so we are not going to take that into consideration.
Remember that the crowd is usually wrong!
We are very close to Christmas and Powell may have taken us out of the Christmas RALLY, but that doesn't mean we won't have some upside to improve things. So, I am particularly interested in the NY session tomorrow.
If you are still holding your coins, keep holding on and you will have great profits in the coming months. Remember that you invested waiting for the 2025 bull market, so... stick to the plan and trust the process, let's go together!
In a market correction, the rule is clear: buy and hold.
Take advantage of the market drop to increase your position in the cryptocurrencies you like. Improve your average price. Many cryptocurrencies are still at rock bottom. Many cryptocurrencies are still offering opportunities.
Be very patient because the market moves in waves. And make no mistake, only those who are patient will surf this market.
Don't leverage yourself, don't go to the futures market if you have no experience or little experience in this market, because the chances of you being liquidated and losing your entire bankroll are high.
Futures don't offer a future for inexperienced traders.
Futures are the graveyard.
Money doesn't accept disrespect, never forget that. Invest your money wisely and responsibly.
If you don't have patience with the crypto market, if you despair every time you see a correction, maybe you're in the wrong place, maybe you should go back to investing your money in CDB, in fixed income.
Don't get upset when someone tells you this. It's for your own good!
Start studying the crypto market, because without knowledge you won't make it to the end of this cycle with money in your pocket. Either you will learn through love, or you will learn through pain. It is you who will choose the path. And the path, in turn, will determine your result.
I believe that#BTCcould reach the 120k level this month.
At the moment, the price of BTC is taking off. There is a lot of demand for little supply. BTC is increasingly scarce on exchanges.
On Wednesday, we could see another interest rate cut and this could trigger a new appreciation of the asset.
BTC is within a short-term rising channel. BTC has broken out of a consolidation and is now testing the top of the channel. We are heading towards 100% of the pivot (120k and 121k range).
December is marked by big increases.
History does not repeat itself, but it always rhymes.
Most people are still too inattentive to #altcoin , the vast majority don't realize what we are about to witness.
The next move upwards will be something really significant, I know that many think that these increases we had were something big, but in fact it is just a small movement compared to what we will see in the coming months.
I am particularly watching the Altcoins in the /BTC pair and what I see here is obviously an incredible devaluation, but it shouldn't last much longer.
This coming week is an incredible week, and even though I can't predict any result of the economic data we will have, I am really optimistic about ALTCOINS.
You don't need much, you just need to survive this week and you can make great profits.
We will have some volatility this week, so don't keep looking at the charts every 10 minutes, looking at them won't change the price at all, stick to the plan!
This market only recognizes those who are patient and do not panic, remember that!
Good luck to all of you, and let's go together...no matter the direction! ✊🏻🚀
To those who got desperate and sold all their positions at a loss 2 days ago, understand: drops are opportunities. Desperation will make you leave part of your crypto assets on the table of other players.
You either learn through love, or you will learn through pain. This market is alive. Be patient, calm and elegant to surf good valuations, otherwise, you will probably serve as liquidity for the market.
I hope you have learned your lesson. It is not too late to buy crypto. When the correction comes, or even a pullback, continue to do DCA (improve your average price).
Getting in and out of coins all the time will not bring you significant profits, it will make you miss the opportunity to surf the cycle in the best possible way.
#BTC is within a short-term rising channel, within an accumulation range. The indicator is easing. The Relative Strength Index is heading towards the 50% range. Completely normal movement. Nothing to worry about. BTC tested the bottom of the channel. If it breaks the top of the channel along with the 8-month average, we can test 107k - 108k with the aim of reaching 100% of the pivot, potentially testing 120k in the coming weeks. BTC movement corroborating with highs.
For a consistent rise in altcoins, we need to break today's high along with the 8-month average.
In times of great market uncertainty, you need to stand firm in the projects you believe in. Every dip can be a buying opportunity. Most people who profit from the market buy dips, buy risk, and then sell when they are extremely greedy.
In my opinion, not buying when you are extremely greedy and buying during times of fear and uncertainty is definitely the best strategy.
Never put all your capital in a single currency because diversification protects you from risk.
Do not invest all your capital in the crypto market; always have some cash for when these opportunities (dips) arise.
Do not invest money that you will need in the short term. Invest an amount that is comfortable and that you will not need to touch (at least for 2 to 6 months); after all, we are talking about an investment.
Another strategy is to do DCA (dollar cost average), the famous average price, both in cryptocurrencies and in dollars.
Sometimes you think you are at a loss in relation to your invested capital, because you see the negative PNL, but if the dollar is higher than its average price, if you multiply the dollar by its market value, you will see that your "momentary loss" is sometimes not even a loss.
Example: You invested R$$ 3,000.00 (530.03 USDT) and your dollar's P.M is R$$ 5.66 But now your PNL is negative and you only have 510 USDT, but the value of the Dollar is R$$ 5.90 Would you be at a loss in relation to your invested capital? Not necessarily... 510 x 5.90 = R$$ 3,009.00.
That is why I reinforce the importance of doing DCA in dollars as well.
What many people see as something negative, I see as an opportunity to invest more in the coins I like.
The more you invest, the greater the variation in PNL.
Dropouts are opportunities (if you are investing in good projects).
Therefore, this "drop" doesn't scare me. I haven't lost anything, because I'll never realize at a loss. My focus is on the next 6 to 8 months.
"Wow, but you lost 500 USD", I didn't lose anything because I didn't sell. Drops and devaluations are part of this market. I'm still holding the same number of tokens. I don't care about the price now, I care about the value I'll be trading at in 6 months.
Ps: even with this correction and with a negative PNL, I'm still in profit, considering my initial investment.
BTC was already showing signs that it would move sideways or correct, so this respite is normal 🙏🏼 the market needs to correct to provide more opportunities and rise in a healthy way.
LIVE
Ualifi Araújo
--
Bullish
Analysis $BTC 12/09/2024
BTC, The weekend was quite predictable and went as planned, however, the weekly opening was disastrous for Bitcoin and Altcoins. Of course, this was not what we would have liked, but we can't say that this was unthinkable either, right? After all, we were expecting a pullback at some point here, remember? Okay, so now that you remember that, let's clarify one more thing.
In all previous markets we had a pullback in prices before Christmas and then had a good Christmas rally, so we are probably doing the same here, so relax.
Right now the price is working here in the blue band, since the BULLS were not able to sustain the price above $99K. I had mentioned this in the last analysis.
This is where things get really dangerous for the BULLS, see that we are literally working on top of the 100 EMA (4h). Which is quite risky for the BULLS, since a weakness here and we will be heading to $92K very quickly.
Gentlemen, I don't think this is a correction, after all we would have to talk about -25% at least, but I don't see that now. So I think the drop should end soon.
I know it may seem like the end of the world on a day like today, but this is exactly when you want to buy if you can, if you can't do that, make sure you hold your coins. DON'T SELL!
The RSI will soon be at 30 (4h), so the drop should stop, so we should have some FALSE upward movement, in order to liquidate the most hasty ones, make sure to wait for a good buy setup if you are going to trade FUTURES, don't be in a hurry here.
BUY SPOT good Altcoins!
STAY TIGHT MY FRIENDS!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
A festa está só começando. A festa irá se extender até 2025. A temporada de Altcoins vai realmente começar quando a dominância do BTC derreter. Faz pouco tempo que a dominância perdeu sua tendência de alta e vem corrigindo, e isso é ótimo. Estou impressionada com meus resultados até agora, mas sei que não devo me iludir com pequenas altas, pois a verdadeira alta ainda não chegou.
Estou holdando 26 criptomoedas: PENDLE AAVE SOL LINK NEAR UNI LDO FET JUP ENA AVAX INJ SUI ETHFI BONK TURBO REZ ALT RUNE IO APT IMX PORTAL MANTA BNB BTC
BTC is still beautiful! I believe it will soon surpass 100k, and then make a correction. As I always tell you, the biggest risk is that you will miss out on this party. Invest in BTC and Altcoins wisely. Don't keep going in and out of coins all the time, hunting for trades every time, because you will most likely lose a good part of your crypto assets and will not surf a good appreciation.
The crypto market will always give you opportunities. But these opportunities won't come every day.
Not trading is also trading! Have a good strategy, buy good projects and have a lot, but a lot of patience.
We'll soon change levels again. I always say this, and I'll keep repeating it: the biggest risk is that you're not positioned when BTC dominance drops and altcoins start to explode.
Stop entering and exiting coins every time you see a 3% correction. Do DCA and always enter with a management system. Corrections and drops are normal, they're part of the cycle. Drops are an opportunity!
The market moves in waves. No coin will give you 10x, 20x, 50x, 100x in a straight line.