The last months before the global sideways trend starts to be disappointing. This does not necessarily mean that there should be some significant correction. In my opinion, October fits the criteria of "month of disappointment" very well, for several reasons:#BinanceTurns7
1) After CZ was released, many players expected a strong uptrend. "Don't ask why or how it's connected, because I don't know myself." There was a short-term increase, but October leveled it out;
2) Also in social networks they were spreading that the rate cut will lead us to rapid growth. In Twitter, the rate cut was confused with market stimulation. As a conclusion, nothing happened;
3) The story was spreading that after the green September, October showed record growth on the market. And here too, I think, cryptocurrency traders will be disappointed.
4) They tried to inflate the documentary from HBO into something amazing that would lead us to growth. It did not happen.
This list can go on, but the gist of these messages is 1. Cryptans are trying to grab at any straw and look for a trigger for growth - but there is none. Isn't this what disappointment should look like? 🙂
Those who are pushing for Tuzemun here and now are already being cooled by the market. Well, there remains the second camp of people on the market who are waiting for Bitcoin for $40k to buy, because Tuzemun will only come from there. 😴
I won’t say anything about the third camp, because there are too few such people…)
And one more factor for November, which I consider extremely important. In November, the markets will begin to price the rhetoric of the new US president. There is maximum uncertainty in the markets now, since these elections in the US are considered historic for the states. In November, this uncertainty will pass.
