will $LTC pump hard? halving in 2hrs #ltc #ltchalving | TheCryptoDegen on Binance Square

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will $LTC pump hard?
halving
in 2hrs
#ltc #ltchalving

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#Bitcoin Parallels to 2020. The Fair value gap (FVG) has been filled. In most cases, panic selling is not a good idea. Within the next 8 weeks, we expect a rally that is similar to the 2020 post covid / post halving period. Stay tuned (or "buckle up" as chat gpt would say #MarketDownturn #BinanceLaunchpoolTON

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August has already been a exceptionally eventful month across both equity and digital asset markets, after a “correlation-1” event sparked a major market sell-off. #Bitcoin has been no exception, recording its largest drawdown of the cycle, causing capitulation amongst Short-Term Holders.

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#Bitcoin The 12 month SMA is the "golden band" for the bull market - we frequently see retests or wicks below that line during bull markets. Monthly close will be important - a "green" close would mean we close above the SMA #US_Job_Market_Slowdown #BTC_MarketPanic_Dip

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#Bitcoin Most people fail to see the patterns and get discouraged. On days like this one, it often helps to put the phone away, take a breath and take a step back to look at the big picture: 1. Cycle Bottom is followed by a strong ramp up until halving (green to yellow box) 2. Around halving, there is a longer correction period (around 4-6 months) 3. This resistance is one of the fibs (0.382, 0.5, 0.618 or 1.0) 4. after this (usually in Q4) we see a massive pump. We hodl and enjoy the summer #July_NonFarmPayrolls_Shock

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#Bitcoin Update: We are now at the level of support and our first short-term target. A daily / weekly close above 61.8k would likely initiate a short term reversal. If not, short-term direction is south with a target of 56.8k. Note: this is all short-term... We believe in a massive reversal in late Q3/early Q4

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