BTC.Dom has turned around after reaching the first hard resistance zone!
However, considering the culture of celebrating Tet of Asian people and comparing with previous cycles, it is very likely that BTC.Dom will have another recovery.
It is possible to reach the 61-62% peak if $BTC increases strongly, leaving altcoins alone
It is also possible to only reach the 59% zone if from now $BTC starts sideways and altcoins grow stronger!
The articles are for reference only. Play according to the amount of money you have, target each item you hold, do not fomo with the majority to chase the eternal peak.
A long green candle creates FOMO while a long red candle creates fear. If it keeps bouncing back and forth, the majority of the crowd will likely get discouraged.
Looking at the chart $BTC BTC, I still see that the price is moving within the range of 90-100k, and in the next 1-2 weeks, it is likely to stay around here.
Altcoins are different; since most people hold altcoins, it is understandable to offload before the next increase. $ETH #USDT。
Tomorrow the US stock market will close for the holiday
$BTC may not fluctuate too much during the holiday week.
$BTC .D has reached the 60% mark and turned around; I remember reading an article that mentioned entering positions only when Dom hits 59%
Anyone holding should try to hold on through this period. There is a possibility that at the beginning of the year, it will return to a strong rally like in 2023.
The market wants to have a crazy bullish wave, so when prices rise, a huge amount of money starts to flow in, and most people with holdings sell prematurely!
When they sell prematurely and are in a fearful mindset of missing the opportunity to take profits, the overall selling pressure will decrease significantly.
For example:
The coin $X has 100 coins, the average purchase price before the bull wave is $1, if when money starts to flow in, those who hold sell at 1.2-3$ , then the average pure selling pressure will only be around $200, the market makers will be ready to invest heavily and push it up, causing others to fomo back in when the price is high, leading to a correction.
But if everyone is strongly bullish at 10-20, the selling pressure will be very large at 1000-2000$ , and the market makers (developers, exchanges, market makers) pushing it up will have a very high risk of loss.
That is why for almost two years, most altcoins have been very sluggish. The market needs people to sell prematurely in the upcoming wave.
Comments 10/27-11/5 have had many strong fluctuations. Everyone, please hold your breath. Long short at this stage is very dangerous. Cyclical calculation as #CZ still affirms to wait more...
10/25-11/5 as previously predicted. There will be very strong fluctuations. Those who have not entered the market can wait for this period. This may be the last time to shake out the market for this growth momentum. $BTC $ETH
The price of $USDT is completely due to the black market exchange rate, guys!
Not because of the bottom-fishing FOMO!
With this exchange rate, when the bottom-fishing FOMO comes, USDT must be at 28k, so after taking profit, just wait for $USDT to reach 28 cash! It sounds simple to write, but not many people can do it. The amplitude of $BTC is still too wide. You should limit futures at this stage. Keeping your assets intact is also a victory. Just wait, guys. Still note that 10/27 - 11/5 can still have big fluctuations. Anyone who is fiddling should have a milestone to wait for more before deciding. #BTC70K✈️
A little spirituality when the market is gloomy and money is in the queue and sitting around.
Mars moves into Cancer for 2 days, the main trend of the market this week is down.
I just expected $BTC to increase to 71k on Monday to reach the sell zone, then the correction will be stronger and more reasonable. But the price only exceeded 69k for a bit and then was pushed down again.
Therefore, the bottom is likely to be at 65 - 64k from now until Saturday.
You guys watch the trend on Friday to decide which price is suitable to catch the long.
In addition, Mars in Cancer also causes traffic accidents on roads and waterways, you guys should be careful.
Altcoins have some down, some up, no simultaneous breakdown!
Most of the current large-frame altcoins are in the oversold zone, the market is still in the compression phase waiting for a strong bump early next year!
Everything is still progressing very well for a big uptrend wave!
You can target any coin you want because this crypto is crazy, but don't try to target the time more than 5 months from now.
Seller wins again when setting up the sell zone of 69.5k
A little adjustment is normal, max pain can create a bottom at 65k before bouncing back.
The view of the last week of October is still strong, nothing has changed.
The election is coming, the situation will be more unpredictable, long/short brothers should not be too subjective, especially when Mars is in Cancer, it will affect the psychology a lot. Reference: strong fluctuations from October 27 to November 5, pay attention to futu orders. #BTC☀️ #ethtothemoon #Futu #baucutongthongmy2024
Trump has announced his trade policy, both old and new with the name:
Made in the USA - Buy American - Hire American.
However, Trump's proposed import tax this time: up to 60% of goods from China and 20% for all goods from other countries... is a bold proposal - reversing more than 100 years of free international trade of the US
Other countries may reconsider, but Chinese goods will certainly be heavily taxed, especially in the context that goods shipped from China to the US are cheaper than goods shipped from the US to China