When you see me taking pictures of any altcoin or I buy spot or short that altcoin, it is certain that: around the W (weekly) frame will quickly correct, at the latest on the M (monthly) frame it will adjust again.
This is thanks to a set of formulas determining the peak and bottom thresholds. Note: never make a buy or sell decision based on a single factor or indicator.
In this formula, there is one important criterion:
- The price range where 95% of buyers in the last 2 years have made a profit with the altcoin.
- The price range where 98% of buyers in the last 4 years have made a profit with Bitcoin.
Imagine when an altcoin is profitable, 100% of its buyers are in profit. How to redistribute that coin, take over it and increase the amount in the hands of the market maker before the price soars?
- Must sell, and whoever sells faster will be the winner.
Draw the story.
Because usually the selling time is much shorter than the buying time.
This formula has been applied to both altcoins and Bitcoin.