$BTC Dom has turned around after reaching the first hard resistance zone!
However, considering the Asian New Year culture and comparing it with previous cycles, it is very likely that $BTC DOm will have another recovery phase. I really can't predict how far this recovery phase will go!
It may reach the 61-62% peak zone if $BTC increases strongly, leaving altcoins alone
It may also only reach the 59% zone if BTC starts sideways from now on and altcoins grow stronger!
If you still have money to collect, the next collection point will be January 16-22, 23, 2025
Honestly, I really hope the prices of altcoins like $TAO, $WLD, $ME, $EIGEN,... stay here for 2 weeks, but it's likely to be very difficult, my friends!
The festival is coming, and anyone who wants to sell should sell everything now.
So during this debt collection period, I have to save up to wait for a dip on 15-21/1/2025.
Actually, I still have more than 15% USDT, but this part is reserved for black swan events or trading when the market is greedy.
The debt situation is uncertain, and I don't know how much I can recover, so I can't take risks with my defensive funds.
🎯 Has the market finished correcting yet!!! A question that many of you have been asking me these past few days!!!
✍ I've told you quite a lot that when the market goes up, it must correct. And the simplest thing is that you just need to look at the current BTC.DOM, as I have mentioned to you multiple times about the DOM increasing at this time.
✍ And here, many of you who have invested for a long time will understand how the market will behave at the end of the year.
👉 Christmas and New Year's are coming very soon; I think those who want to sell have already sold off!
👉 The selling pressure currently will generally not be much, guys!
👉 After this holiday, a new financial year will begin. In the initial phase, everyone is always excited, and an upward trend is hard to avoid - especially when a promising new administration is about to emerge, the Trump-Biden administration.
👉 If you still have money and haven't bought yet, I think you should boldly buy in at this level and how to buy reasonably is something you need to know!!! ❤ ❤
💸 By the way, $ETH is currently near a pretty good buying zone, so consider entering 30% at the price of 3000-3100!!!
Altcoin, after 2 days of being red hot, has returned to a bright blue sky...
The uptrend and its dump cycles come and go very quickly; many times, we haven't even had a chance to react before it has already shot up. Anyone who has experienced at least one uptrend season surely knows this.
The uptrend season is also the time when many people lose their holdings and tend to buy at the peak, because there will be many newcomers who are inexperienced or do not have a target far enough for the asset they hold, so they will inevitably drop coins early at low price levels, during times when altcoins were red hot just 2 days ago... Many savvy traders want to optimize every wave, but there will be times they lose coins and fomo buy back at higher prices.
The uptrend will not lack dump cycles like the last 2 days and may even have harsher ones, so only those who have enough faith and a clear plan can withstand it... After the storm passes, holders will see a bright dawn again, while futures and margin traders will have scars that will take a long time to heal...
Congratulations to those who did not panic sell because of the red and bought more; now it's time to enjoy the honeymoon phase, right?
👉 This Layer2 has a small cute cap - there is a fud airdrop. When the market is in fomo, the rate of increase is very high. So make sure to have it in your wallet!
👉 This $SCR in the private spot group has been called for everyone and has already had a nice entry, currently making about 30% profit!!!
✍ Now if anyone wants to enter, just divide your capital a little and go in!!!
Microsoft is not buying $BTC because they are planning to wait for $BTC to dip in the next 2-3 years to accumulate like Blackrock and JP Morgan did!
Personally, I am very bullish and see $BTC this season at around 200k - with hundreds of billions of Microsoft's money, it is difficult to double it when it hits the top!
It seems like they have teased and waited for a 4-year cycle to collect!
The cycle is still the cycle, guys!
Don't think that my TP of 200k $BTC is a bear for altcoins!
Last season, when $BTC was 41k-44k, altcoins ran strongly - finally $BTC peaked at 70k!
Investing to get rich has never been easy, and the mindset of investors changes quickly whenever the market rises or falls!
Just a few days ago, everyone was still floating towards the shore, holding onto profits or dreaming of houses, cars,...
But within just 2 days, the market took away all those dreams, with BTC dropping to 95k$ and causing many Altcoins to plummet by 20-30%, and today many altcoins continue to show little promise as they slightly decline again.
Just a few days from a cheerful mindset, most people are now quite negative, sad, and regretful for the recent investment, wishing they had locked in profits at the peak so they could buy back now with whatever coins they have left...
And currently, there is still a strong fear that BTC will continue to decline because the candle patterns look quite unfavorable, fearing that Altcoins will continue to drop by 2-30% in one day...
In reality, if we have already passed August 5, there is nothing to be afraid of now, Altcoins still have a long way to go... If you feel too scared during this time, remember how we got through the storm back then?
Investing always has its ups and downs like that; how can we expect to reach the peak in one step? That's why the end of the victorious season is not meant for the majority?
The journey to the top will always be very difficult, so only a few people are able to conquer it?
During this time, if you feel too scared, turn off the app and focus on working, don't pay too much attention to the green and red candles..
When Tet comes, I think it will be joyful to celebrate Tet at that time. It goes down, then it goes up again, such moments want to make those who are inexperienced fall away or wipe out all the Future Margin leverage and continue to push the price...
This is sincere advice from an experienced trader. For beginners.
🔑 The reason I often talk about CAPITAL MANAGEMENT is that I know many of you have not experienced the feeling of 'bankruptcy' in your account, losing money without understanding why, losing faith in the market...
👉 Therefore, my advice is: Divide your money into 5 parts when participating in the market. Take 1 part and see it as the only amount of money to participate in the market. (Forget about the other 4 parts)
✍ Do you want to earn 10k, 100k? It's completely possible!
✔ But the core issue is not to rush. Consider profit as the ultimate goal, and remember that you don't have to push yourself beyond your limits.
✔ If you haven't achieved your goal in 10 days, try for 1 month. If you don't succeed in 1 month, be patient and extend it to 1 year. Why put pressure on yourself to win in just one day? For what purpose?
Just started uptrend - Altcoin has just slightly increased, and many opinions suggest that the market has reached wave 5 and it’s time to take profits because it will soon downtrend.
But in my personal opinion, if I evaluate the peak level of the uptrend from 1-10, I see it is currently at level 3-4.
Why?
- Most are still just recovering a little or have just reached the shore. There isn’t enough craziness to pull in greedy gamblers who forget the exit.
- Everyone is cautious about holding and switching to trading based on waves. The cautious mentality still lingers.
- Most altcoin charts have not yet entered the Bull Cycle. When viewing the old coins’ chart in W frame, it will show a W chart with many consecutive candles. At least it will run in waves for 2-3 months for a basic altcoin chart.
- The TOTAL indicators have just surpassed the peak or are close to it. In reality, a large amount of money flowing directly in has not been seen yet. This season has more coins than the previous one, but the total stopping here or increasing by 30-50% as most discussions suggest seems unreasonable.
- Only a few old coins have surpassed their previous peaks. The rest are still entering the bull wave but have not attracted FOMO. Especially for new coins, those with large games from whales have not created any ponzi waves yet.
- The wave after Halving, after the elections, still cannot really be called strong. If anyone claims this season is different from the last, the overall difference is only in the large-cap coins and having more coins, while in terms of mechanisms and regulations, there hasn’t been any significant management intervention; it still resembles the previous season.
In general, everyone has different perspectives and capital. Taking profits is never wrong.
In short: "TAKE RISKS TO GAIN MORE, IF YOU DON'T TAKE RISKS, YOU GAIN LESS."
As long as you see others profiting a lot, don’t harbor ill will. Money will come according to your capabilities.
I myself have also experienced the Uptrend season of 2021, and what I fear the most is not the coins that haven't increased or the fear of choosing the wrong coin.
What I fear the most is selling too early, when the market is just starting to grow after so many days of hard work. Because in this market, the craziest part of altcoin growth often happens at the end of a wave before entering a correction.
🔥 Continuous printing of money on the $ETH network
🔥 Coming soon, $ETH and the ecosystem are sure to continue to rise strongly.
🔥 ETH is pushed by a huge ecosystem; by itself, it increases nearly half of the number of tokens on the market, so the market needs a certain amount of F0 fomo to push it.
🔥 Those holding should be patient. The opportunity to buy coins at a low price is no longer abundant, don't jump ship just because it hasn't increased yet.
The current DOM is creating a reversal candle pair in the M frame similar to 2021!
Uptrend - The Altcoin season has truly confirmed and is currently happening.
3 touch points of the DOM I expect:
- Blue point ~51% I expect to touch before Lunar New Year and slightly bounce back then decrease further.
- Green point - Red point ~47-40% I have 2 plans
+ Cut losses + 1 part of the main coin holding to switch to play new trends because the period from mid Q1 to early Q2 could be the phase to create a ponzi to pull crazy liquidity from new investors.
+ Cut everything clean when DOM is closer to 40% +-2% or if FOMO, only allocate a moderate amount of capital and accept losses to participate in patterns similar to gamefi 2021 or whatever is hot happening in the market at that time.
That's for the long term, for the short term just HOLD on, friends - Being poor takes a long time but being rich can happen in 2 W candles:))))
How the results of 4 long years depend on whether we can patiently wait for the fruit to ripen?
4 years correspond to 4 seasons in an agricultural cycle!
Don't jump around randomly, only to accidentally ruin the results of your hard work over the past 3 years when it's time for harvest!
The midcaps we are still holding on to
$LINK $ONDO $TAO $ARKM $WLD,....
Everything is just starting, my friends, a lot of money is flowing into the market through the top bigcap coins!
At this point, the "smart" ones haven't entered yet, only a few new folks are confusedly coming in, waiting for the "smart" ones to jump in and trust the technology, then everything will get even crazier
The total for these 3 seasons seems to still have very crazy growth ahead
Every morning when you wake up, you must be feeling quite happy and warm when you see your account gradually increasing a little bit...
The previous few months, our account was losing a little bit more each day. At that time, many people who held coins just hit the top felt not much different from the Downtrend?
At this point, we have felt the Uptrend, it has come and is still running gradually when we see coins taking turns to push waves... The coins that felt like they were lying still a few days ago will eventually come to their turn. For example, a few days ago, when you asked me if there were any coins left to buy, I often said that the BRC20 group like#Ordihay#Satswere all in the top increase yesterday...
Maybe you are seeing the old top coins being pushed strongly, when you have enough goods to lighten the boat and just let them grow. But be patient, it will be the turn of the new coin to pump strongly.. The 2023 period also has a period of time when the old coin is pushed strongly, but then the next period will also be the turn of the new coin and pushed much stronger.
So in this period, I hope you guys don't see that our coin hasn't increased yet and jump to this or that coin, the cash flow will always move steadily, the important thing is that you have to be persistent and patient to wait for the part.
$RDNT stories of being hacked by Fud at the bottom and becoming a legend at the end of the season Xnxx?
That's a minute for me to fantasize a bit, in the past I also shared that I like projects that have Fud in the darkest days of the market.
In 2023, I also bought 2 projects that in the bad market days, it created Fud, making most of you afraid and not many of you dared to trust and buy,#SUIand#SYN... And then when the market recovered, they all came back quite strongly. #RDNTbefore, many of you shared, or did you hold on to $ARB , so there must be such deep old things? Since the day it was launched on Launchpool and then Binance invested 10M$, has#RDNTnever shown itself? Is this Uptrend like a brilliant sunflower among thousands of flowers?