In 2016 - 2017, when Trump won the elections in the USA, we observed an identical situation in the market. A month before the inauguration itself, the market reacted with a fairly significant correction (just like now) and only after the inauguration did the market continue its vigorous growth, both in Bitcoin and across the entire altcoin sector.
As we can see, this year's situation is similar, so the story of growth should also repeat itself. Once Trump is in power, the real fun in the market should begin. The inauguration will take place on January 20.
Fear in the market today is at an all-time high — 10!
These are record values, which are reached either in a Bear market or when hitting a local bottom in a rising market. The current values should be taken literally as the end of a corrective movement, as in practice we have never observed a significant correction from these current values. The onset of such a state of fear has always led to a swift reversal. If you were planning to short the current market (especially altcoins), you should think twice.
$BTC Reminder that everything is within the trend 🙌
The bull market in 2017 (which mimics the current cycle) had several drops of around 30% on the way to the alt season.
As last time, before the long-anticipated growth begins, it takes a long time to get rid of the "passengers". Considering that this time there are many more investors in the market, it will take correspondingly longer for this unloading.
Bitcoin fell another 9% overnight and reached the mark of $87,700!
As a result: we were dropped significantly below the main liquidity block, which was around $93,000. As a result, all long positions were simply liquidated from the market, totaling $1.1 billion!
The price was brought down to the extreme level of key local support ($87,000). Technically, with an 80% probability, we should expect a bounce from the current level, as we had a strong pullback without any bounces, fear in the market reached extreme levels (25), and market sentiment has significantly changed to negative. All these factors should lead to a change in market direction upwards.
At the moment, the expectations are as follows: the focus should be on a reversal from the level of $88,000 - $87,000. If this does not happen, unfortunately, we are expecting a stronger drop and a decline down to $80,000 – $75,000, as we have no other nearby supports.
$MDT This coin will lose its fans and supporters in more than three months Down, down, down. Why? What's wrong with it? Is it a scam or a collection? 😒😒😒😒
The number of large transactions on the PEPE coin over the past three months has decreased from 1520 to only 155!
This asset is almost completely uninteresting to large market players. I believe that PEPE has already shown its peak time and it will no longer surprise its holders with violent growth impulses.
Local rebounds are acceptable, but I would not expect strong growth from this asset anymore. It is better to take a closer look at more recent memes that are just beginning to show themselves.
One of the largest marker makers of the market "WinterMute" today added $5.06 million to its portfolio with the KAITO coin.
The asset itself has only recently entered the market and does not yet have any history, but apparently MM has already planned some actions for it, thanks to which it is now accumulating volumes. Given this accumulation process, there is a fairly high probability of seeing significant growth impulses for this asset in the near future.
Over the past week, $13.5 billion has left the market, indicating a decrease in capital inflow.
All this is due to the fact that the market is heavily oversold, both in the alt sector and in bitcoin, we have already reached the extreme values in terms of oversold levels. People are simply afraid to buy now. There are few new investments, since even if new volumes enter the market, these are usually only whales. Small players are now mainly just fixing and withdrawing funds from the market, but as practice shows, it is at such moments that the most profitable entry points for gaining a position appear. We mean.
Every time LINK dropped below -16% on the MVRV indicator, it responded with increases of 312%, 64%, 61%, 25%, and 52%. Significant growth of the asset always followed!
Currently, this indicator has again reached values of -16.3%, signaling a new bounce on the horizon!
The market looks like it will continue to go in only one direction.
Everything is red, the market is either marking time or showing downward movements, traders have already changed their direction on the market and now everyone is shorting en masse. They are already starting to talk everywhere that the correction will only continue and we will not see a reversal anytime soon. Well, at the same time, we are seeing open shorts for tens of billions of dollars, which greatly predominate in the current market.
Do you think the majority will let them earn on their open positions? As practice shows, such happiness happens extremely rarely. Since feeding the majority of people with profit is simply not according to the rules of the market itself. And in this case, we also have a record for open short positions, which further casts doubt on the further move lower.
We have reached a key support level on the daily chart, from which we have previously received a reversal of the local trend multiple times.
Considering the technical condition of the market and the current buybacks of the asset, which are actively starting to increase, we should also expect a rebound from the marked level this time.
During the weekend, as usual, we do not observe any volatility in the market.
We only have sideways trading and insignificant pullbacks. This time, there seems to be a stronger reluctance to bounce back, but there is a clear explanation for this...
Many clearly see that the entire funding is currently downward, and the market is already at a strong level of fear, which means very favorable conditions for a reversal. Consequently, a large number of traders are trying to catch the upcoming growth impulses, but as we know, the market cannot just move in the direction of mass expectations, so we are currently obliged to observe a longer sideways trading period for a partial change in the local sentiment in the market. Sooner or later, we will confidently receive our expected impulses, without a doubt. The main thing is not to change your expectations during this sideways movement, or you will regret it later.