SIGNS OF THE MARKET CREATE A BOTTOM
- Continuous fud, speaker deck, lawsuit, unlock, Whale awakening, Government ban,...
- Black Swan: War, epidemic, bank bankruptcy, ....
- Long-short: There is a large payment amount of over 500M$ for Long orders
- On-chain: There is an amount of stablecoin mint money => loaded onto the exchange immediately, Wall Volume >2B
- PTKT: Support support zone this week
-Psychological analysis: 70-90% of the community has one extreme direction: 1 is that they have been allin before and are afraid to sell and wait for a lower bottom to hold the money, 2 is that there is no more money to catch the bottom.
THERE ARE 2 COMMON TYPES OF BOTTOM
1. TOUCHING SUPPORTS QUICK RECOVERY, THE STRONGER THE REDUCTION, THE FASTER THE RECOVERY
- Due to continuous news and fud => Herd mentality, liquidation of many longs, there will be long discussions
- Liquidation of orders 24 hours long => over 300M $
- After adjustment more than 60 days => there may be a bottom, recheck the proposal to check supply and demand
2. BOTTOM SIDEWAY OF FREAKING => ACCUMULATE ENOUGH QUANTITY (TIME + QUANTITY) TO CHANGE IN QUALITY
- Stone accumulates for a long time, moving sideways makes the market depressed, most investors will leave the market because there is no wave, cannot make profits => the longer the time goes, the more goods will be sold.
- Signs: Sideway amplitude shrinks, the supply does not withdraw much to the floor, the volume is as low as the previous cycle
- The longer you accumulate, the stronger you will be able to pump backwards, because once you are strong, when you pump there will be a lot of good news, the money flow will form a big wave and grow stronger.
WHEN DOES THE DAY START? START THE DAY?
- Catch the bottom when BTC has corrected at least 20% combined with widely FUD news
- In the last 60 days, #BTC has adjusted 20-30% from its peak (if the amplitude is high, it can be swept down to 50%, but most will withdraw strongly)
-RSIbelow30frameD+WeeklysupportpriceframeW+Stablecoingoesuponthefloor=>buy BTC#Binance #XRP
