#ThanksgivingBTCMoves
Most have returned to shore or are slightly negative
A very small number are making profits, those who started entering positions, DCA from July/August.
The market is fluctuating and hard to predict in the short term, but I will target a few factors to follow the market, helping everyone to have a plan to hold and control themselves when everything is excessive:
1/ The price of BTC this season we will witness at least 6 digits
2/ The price of ETH has approved the ETF. At least it will break the peak. Below ETH there is a whole chain of assets needing liquidity, so first ETH must rise.
3/ The price of $LINK, a tech coin that serves as a good indicator along with ETH. LINK will fly when the market is extremely good
4/ Total 3 index: the peak of 2021 was 1100B, 3 times that of 2018, currently only 900B. At least it must hold up to 1500 - 2000B. More dreamily, we can look towards the 3000B mark
5/ The altcoin season index, when it occurs is when it's time to exit. Currently at 63, meaning 63% of the top 50 coins are running faster than BTC. When it reaches 80-90, the market is about to crash. The increase cycle is ready. It will run for at most 1-2 more months
6/ Regarding time/cycles:
- The year following the U.S. presidential election is a good year
- The year following Halving is a good year
- Q1 is usually the quarter of altcoins
- ETH often increases crazily at the beginning of the following year of when Bitcoin increases crazily
7/ The new trend of the market: I think there will be another ponzi trend to attract money. Previous seasons had ICO, Staking, GameFi, Movetoearn. This season has memes, but I still hope for another trend.
8/ Market psychology: when the peak of greed occurs, excessively inviting relatives and friends to participate. Everyone can no longer control themselves
Another important thing is when making profits, do you know when to be satisfied or sell this one to buy another. When entering a downtrend, just jump into DCA.