Of course, I wanted to convey to you the words of Professor Adam Kamal for the purpose of benefiting from this stage. Good luck to all.
Important clarification for this stage of the market.
Technical analysis always gets it wrong at times of momentum bottoms and momentum tops due to the mixed emotions of traders.
Technical analysis is a key factor in determining the general direction of the markets, which is what has brought us to this stage now, using technical analysis to determine the direction after confirming the bottom by breaching 25,000 for Bitcoin.
This is the peak stage now, you need to use more portfolio management and risk management with the help of technical analysis as an auxiliary factor only and not a main factor. The main factor now at this stage is to prefer portfolio management and risk management and try to reduce risks as much as possible.
The current stage of the market is the final stage and is referred to as the disposal stage or redistribution of wealth. It usually takes from two to three months and this stage began in mid-November.
One of the most important signs of inflection, as I mentioned more than once.
1- Bitcoin recorded a new peak, which is what happened at 99 thousand so far.
2- Bitcoin corrected below the recorded peak by a correction of 5% to 8%, then fluctuated in a narrow sideways range. This is what happened.
3- Correcting the acquisition, which is what happened.
4- The explosion of currencies with a strong rise, which is what happened in the classic currencies with a market cap of two billion, and it happened.
5- In the usual exchange, the liquidity moves from Bitcoin to billion-dollar market cap currencies.
large market cap
Then the liquidity is taken out of it to the medium and small million market cap currencies, and this is the final stage, and I believe we have started it, and it may extend from this month, December, to the beginning of January, and usually at that time the liquidity is transferred from one sector to another or from a market cap segment to a lower-degree market cap segment.
It is accompanied by quick sub-corrections to move liquidity.
God knows best.