The market is a bit cold due to the holiday. BTC temporarily stabilized above 94k last night, but further observation showed that the market no longer fell; so the thinking turned to longs, and when the negative line of the daily level appeared, the spot was deployed.
Reviewing yesterday's thinking, by comparing the decline of ETH and BTC, altcoins and ETH, we found that the market no longer follows the decline. We took advantage of the decline of BTC to buy on dips. Profit is the result that the system should have, and it is consistent with expectations. Long orders have made perfect profits.
Looking at the chart, Bitcoin still shows signs of a second bottoming out and gradually stabilizing. The shock correction is expected to end in about two weeks. It is highly unlikely to break through 108k in the near future, but it can still touch 102-104k.
Regardless of whether it is an absolute short-term low or not, the price is low for this period of time, from more than 90 to more than 100. The price of 94k is more appropriate, with 10,000 points of space above. If you are cautious, you can wait for Bitcoin to bottom out around 92-93 and get on the right side; if you are more aggressive, you can consider the opportunity to get on the left side now. I expect the market to usher in a new round of rise starting in mid-January.
Is the familiar feeling of the bull market back?
If altcoins want to rise, they have to wait for Bitcoin to fall. A few days ago, Bitcoin retreated and dragged altcoins down with it. When Bitcoin fell by one point, altcoins fell by several points or even more than ten points. Yesterday, Bitcoin fell by more than two points, and most of the altcoins have stopped falling. Bitcoin's market share has also fallen. This is a good thing.
At present, the altcoin season has begun to warm up. The plunge before Christmas is the fall out of the position to get on the train. Find good targets and enter the market in batches. In the past two days, I have also helped you snipe several coins. Even new friends who just read my articles yesterday (Bitcoin collapsed again? The altcoin bull is gone? Buy the bottom in large quantities, the more it falls, the more you buy! Can HYPE still be chased?) can also get the coins on the list of gains today.
Look at my article on December 12 (Bitcoin will continue to rise, Ethereum will soar to 5,000! Which coins are the most resistant to declines and the strongest? How can altcoins chase, hedge, and cover?) The market outlook will belong to the altcoin market performance. I have given you the answer in advance. Congratulations again to my friends who have made money.
Finally, let’s focus on two coins:
GHOST:
In fact, it started on December 18th, and our internal group has already benefited a lot. If you want to buy now or want to increase your position in AAVE, you can wait for a pullback. I also have a layout of Ethereum's other two ecological coins, Uni and Puffer. They are currently rising slightly, not as fierce as AAVE, but they are still okay.
ONE:
Next, you can focus on long Grayscale. If the altcoin season comes, the market will be pulled up. Grayscale's own son will definitely outperform other coins because Grayscale will help you carry the sedan chair. BAT is the coin with the smallest market value and the least increase in Grayscale's holdings.
The three coins with the lowest market value held by Grayscale, ZEN, LPT, and BAT, have increased in order (ZEN and LPT are already profitable, and we have reviewed them in previous articles, so I won’t repeat them here). BAT is just starting now, so please pay attention if you are interested. I will analyze the detailed ideas in the internal meeting.
