During the correction period, I added some altcoins, all of which have good growth. $virtual $luna has basically doubled its capital, and $grass has nearly doubled. Several other old defi and ai have risen steadily.
Now that Bitcoin has risen back to 96k+, how will the market go next? Today, the US stock market is only half a day, and it should not cause too much waves. In the next two and a half days, when the US stock market is off work, a personal script: Bitcoin will maintain high fluctuations, Ethereum will slowly rise, and btc.d will slowly decline and remain below ma120, and the altcoins will continue their performance time. #Crypto#Altcoins
CryptoJW
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Market update 241126
The first decent pullback during the bull market peak, with a retracement of about 8.5%, which is not too large. However, since it has come down gradually, we need to pay attention to whether it continues to decline.
There are two support levels below. The first is around 89k, then there is a vacuum in the middle, and the next effective position is 80k-82k. This is also the theoretical limit for this retracement. (20% decline)
Generally speaking, the first decent pullback during a bull market peak is often a good opportunity to accumulate positions. We can observe which altcoins are resistant to declines recently. So far, ETH, ENS, ARB, ZRO, and TIA look pretty good. Additionally, BTC low-leverage long positions can also be considered for layout.
When Ethereum rebounded 75 points from its lowest point, the market seemed to begin to realize that the Ethereum season has arrived. $ens $uni $aave, these mainstays of the Ethereum ecosystem are all rising happily.
Looking at the position of total3, it's close to the high from 24 years ago. One hypothesis: Only when the king of altcoins breaks through the high from 24 years ago can the Ethereum ecosystem welcome a more frenzied season. At that time, total3 will also break through the high from 24 years ago and will need to find new resistance levels.
Will altcoins end this round of bull market with a double top or by breaking the previous high? Let's take it step by step.
The first decent pullback during the bull market peak, with a retracement of about 8.5%, which is not too large. However, since it has come down gradually, we need to pay attention to whether it continues to decline.
There are two support levels below. The first is around 89k, then there is a vacuum in the middle, and the next effective position is 80k-82k. This is also the theoretical limit for this retracement. (20% decline)
Generally speaking, the first decent pullback during a bull market peak is often a good opportunity to accumulate positions. We can observe which altcoins are resistant to declines recently. So far, ETH, ENS, ARB, ZRO, and TIA look pretty good. Additionally, BTC low-leverage long positions can also be considered for layout.
The opportunity for counterfeit seasonal markets is gradually emerging. For tokens that are experiencing sideways fluctuations, there are currently two strategies: one is to bet on old coins to catch up in the market, and the other is to bet on new coins that increase after a period of fluctuation to reach new highs. The former has a higher lower limit, while the latter has a higher upper limit.
Little Squirrel Pnut belongs to the latter. It has retraced 60% from its peak, approaching a halving. When pulling the Fibonacci retracement line, a very standard K-line retracement pattern is revealed. This range is definitely worth building a position, and the lower range will be around 0.6.
1️⃣ Bitcoin. The market is a bulldozer, with healthy upward movement driven by spot trading. A major correction is likely to happen only in a pin-like fashion. Currently, there are no signs of a peak, so don't try to guess the top; enjoy the climbing process.
2️⃣ Altcoins. Many altcoin candlestick patterns look good (consolidation for over half a year, breaking through resistance levels, reversal signs). Total3 has smoothly broken through the consolidation range, and USDT has printed 13 billion over the past half month, with a downward trend in btc.d. All signs seem to indicate: the altcoin season (at least a small-scale one) is about to arrive. For most altcoins, the first target is to break through the highest point of 2024. Then we will observe how things proceed.
1️⃣ Gold. With Trump elected and the strong dollar, gold has pulled back for several days. Today, I took a quick look at the k chart, and it rebounded at the first support level. In uncertain times, long-term gold is undoubtedly heading upwards ⬆️, and the k-line structure is intact over the long term, so just add positions when it hits support.
2️⃣ Bitcoin. Continuing to push towards the previous high. 86k is the first wave of pullback in this bull market, the intensity is not large, and there is no spike, now it has returned to around 92k. The goal is simple: break the previous high and then aim for 100k. There are still no signals of a peak. The best season in the crypto market.
3️⃣ US Stocks. The uncertain factor is Nvidia's quarterly report on the 20th. Although this quarterly report is likely to be great, future guidance is key to determining the upward momentum of its stock, and Nvidia's stock price largely determines the future trend of US stocks. If the future guidance meets expectations, then the pullback in US stocks is likely over, and they will continue to rise. If the future guidance is poor, US stocks may be dragged down and continue to adjust.
4️⃣ A-shares. Volume reduction adjustment. So far, I think the trend is very healthy, and the crazy emotions before and after the National Day have not been further fueled. I hope that there can be a few more weeks of adjustment at the 3300 position. Then wait for the second wave of policy expectations to start a new round of upward momentum. Currently, this position is safe.
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CryptoJW
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I signed up for several activities of the new sports project app moonwalk invested by Binance to ensure the maximum rate of return.
Of course, the risk is also rising: as long as one day fails to complete the task, all activities will lose money.
The formula for calculating the loss is: loss amount = investment x (number of days not completed/total number of days). Example: If you use 50u to participate in a 5-day project, and one day fails to complete the required number of steps, you will lose 50x (1/5) = 10u.
The ultimate PVP, the bet is your own self-discipline. Return to the true meaning of sports and fitness.
The rate of return mainly depends on the difficulty of the game. From last week to now, I have played two games, with an annualized rate of 2-3% on 7 days, plus the points can be exchanged for airdrops in the future (Binance participates in investment), which is still very good.
I signed up for several activities of the new sports project app moonwalk invested by Binance to ensure the maximum rate of return.
Of course, the risk is also rising: as long as one day fails to complete the task, all activities will lose money.
The formula for calculating the loss is: loss amount = investment x (number of days not completed/total number of days). Example: If you use 50u to participate in a 5-day project, and one day fails to complete the required number of steps, you will lose 50x (1/5) = 10u.
The ultimate PVP, the bet is your own self-discipline. Return to the true meaning of sports and fitness.
The rate of return mainly depends on the difficulty of the game. From last week to now, I have played two games, with an annualized rate of 2-3% on 7 days, plus the points can be exchanged for airdrops in the future (Binance participates in investment), which is still very good.
1️⃣ Crypto: Healthy correction after the surge, such as short-term accelerated decline, the pin will be more stable. At that time, you can take over the low-multiple and strong altcoins of Bitcoin.
2️⃣ US stocks: Healthy correction. CPI is flawless, so the TSLA, MSTR, and MARA that are concerned will continue to rise after the correction.
3️⃣ A-shares: expected correction after landing. The magnitude is hard to say, but as long as it does not break the previous low (3150), it means that the upward trend is still there.
In summary, the global risk market is in the correction stage, and we should wait patiently for the upward signal.