Although many people are now super-bullish, I think there is a lack of some kind of adequacy. Anyone placing a big bet on cryptocurrency growth before the end of the year should be aware of the signs of an impending correction, for which many will not be prepared.
Therefore, every optimist now needs to remember 5 critical haircut signals:
1️⃣ It is important to remember that in market conditions as they are now: the “fear and greed index” is 73 BTCUSD. You don't necessarily need good reasons to at least make a good correction.
2️⃣ In one month, BTC grew by +30%, of course, this is a lot even for $BTC in such a short time. Purely technically, it suggests itself to relieve the RSI indicator and cool the greed of the bulls.
3️⃣ “Suspiciously bullish news background”, everyone is shouting about the impending quadrillion inflows into crypto after the approval of spot ETFs. Moreover, it is beneficial for them to create a bullish news background now in order to unload their positions as much as possible, since they understand that a strong recession looms ahead.
4️⃣ The entire growth of 2023 looks like a correction of the fall of 2021-2022 according to Fibo. It smells like a bull trap under the auspices of the legendary spot approval E-T-F 🎉 Which everyone is waiting for to buy all-in. Complete lack of adequate trading volumes on exchanges. This means that large players do not buy BTC.
5️⃣ There was no $30k mirror level test. Which also speaks in favor of a short-term price drop, despite all the best sentiments, unfortunately. And $ETH even goes beyond $2000 to create fomo for everyone. Therefore, for those who are still sitting in the spot, you can still buy at reasonable prices, the most important thing is not to miss this moment... If the bulls still have arguments for growth, then I propose to discuss them together constructively and without insults 👀
And yes, if I miss 10% growth, I won’t be too upset, since there is an investment position. Therefore, it is very important to approach the market with your own strategy. I talk about her in this profile.
