After a week full of tension with the market this week, we can finally take a break for the holidays. BTC will not decrease anymore, hitting this 94k will lead it to rise again, but at a slower pace.
Tuesday, Wednesday, and Thursday will be holidays for the West, which will not create pressure on the market, so we can rest easy about that. As for Friday, there might still be the aftereffects of the holidays, so no strong fluctuations expected.
For now, let's relax, feel assured with this market as I'm here to support you. Take a breather 😘
It seemed that after the massive fud related to Sam Bankman's FTT token, the community lost faith in Solana, but who could have predicted the unexpected? Now it has increased 32 times since that fud.
I still remember that incident; that rude broccoli head took so much of my money, which is frustrating, but it created an opportunity for SOL under 10u, and who knows if anyone could hold on to it 😅
Both were developed by a team that used to work at #Meta but now the two are very different.
APT was praised in the early stages but now the CEO has left after making a fortune, SUI was heavily criticized but now it is rising strongly and is looking for its peak.
As I advised in the previous post, I recommend that you all should not catch the bottom of this stock, and now it has decreased more than 40% from its peak 😅
So what about now? It is still not advisable to buy in, it is very likely that it is in a distribution phase, so catching a falling knife at this moment is just harming yourself.
Yesterday was a busy day so I couldn't update the situation for everyone frequently. It seems that BTC is approaching the 100k mark faster than expected.
Currently, OI (Open Interest) has decreased to nearly the lowest level of the month, and the act of killing Long/Short seems somewhat pointless, so I assess that it is highly likely that BTC will not experience any significant fluctuations in the next few days.
Therefore, in my opinion, BTC will fluctuate around the 92k mark. What we need to do is go outside to relax and enjoy this weekend 😁
Newbies must be very eager to hold this asset after the spectacular rise recently, but FOMO right now will be a grave, cutting off the chance to reach the top of this trend.
The price is now too high to catch the dip, and there isn't enough basis to go short on futures, so it's best to stay away 😊
BLOOD EXPERIENCE FOR THE BROTHERS IN THE UP TREND SEASON 🎁🎁 🎁
The UP TREND season of this cycle $BTC is running and is currently ongoing; it's just that the market remains particularly difficult, especially for newcomers. I have compiled the following notes that will be especially helpful:
1. NO FOMO Don’t chase after purchases when the price is too high; most coins will be driven by MM (Market Maker). Do you think you’re getting a good deal? No, you are just providing liquidity for the MMs.
2. RISK MANAGEMENT Don’t put all your eggs in one basket. Always set a stop loss, clearly define your take profit points. Trading is trading, holding is holding—do not confuse the two.
3. MONEY NOT IN THE BANK IS NOT YOURS Restrain greed, brothers; knowing enough is true happiness. Take profits in parts to reduce greed and avoid FOMO.
4. LEARN, LEARN MORE, LEARN FOREVER This is the most important part, never stop, brothers; if not this season, then the next— the market will still be there😁 Follow me, no joining groups, no fees; I will share lessons learned from the market over many years.
Last night was a long night, I waited for confirmation until 3 AM before sleeping. It's great that everything is still going according to plan, BTC dropped to 92k and then bounced back strongly.
Currently, BTC will enter a sideways range and gradually rise to the 100k mark, just enjoy it, guys.🤑
BTC is back to 92k, the possibility of going back up is quite high but it is not 100% certain that this is the bottom of this correction. But it is okay for me to get to 70% of my capital.
As the previous port said, I will focus on these 3 coins and luckily 2/3 are on the top 5 coins with the strongest recovery.
Note that this is a trade, not a long-term hold and the remaining money will catch deep if it breaks the 92k barrier.
$BTC has created the bottom of the correction phase yet?
After the correction phase as predicted, BTC has formed 2 bottoms at the 95.96k mark, but it seems it is still not the perfect drop point for BTC.
The perfect drop point for me is $BTC 92k and Alts will drop by 50% compared to the recent peak, which will be the perfect time to catch the bottom of Altcoins.
Currently, it is very likely that BTC will return to the 99k area to gain momentum. Avoid long and short positions at this time, guys.
$BTC IS CURRENTLY ON A DOWNWARD TREND, WHAT SHOULD WE DO NOW?
BTC is decreasing with a target price of at least reaching 92k, Altcoins are falling like leaves, what we need now is to stay calm and avoid rushing into a moving train.
When BTC reaches the target price of 92k, I will purchase some coins with good support like SCR, CETUS, and AUCTION for reasons I will explain in future tweets.
Yesterday I posted about BOME and saw a lot of discussion among you about this coin. Of course, it is in my trading portfolio, so I will be a bit biased towards it.
In terms of technical analysis, it is currently at the ATL and is in a consolidation box of about 200 days. So why not try your luck when the price is so low?
Many of you may have a dislike for this coin, which I find normal. If I had been caught at the peak of this coin, I would also curse it out. So sometimes when we have opposing opinions, let's show a bit of understanding for each other.
$BTC has created the bottom of the correction phase yet?
After the correction phase as predicted, BTC has formed 2 bottoms at the 95.96k mark, but it seems it is still not the perfect drop point for BTC.
The perfect drop point for me is $BTC 92k and Alts will drop by 50% compared to the recent peak, which will be the perfect time to catch the bottom of Altcoins.
Currently, it is very likely that BTC will return to the 99k area to gain momentum. Avoid long and short positions at this time, guys.
The asset belongs to Binance but is being managed by Upbit. With Upbit in charge, it's performing well, characterized by huge bullish candles.
Around February and March, it increased nearly 600% in just 41 days, surpassing many other major players in the same system, then it was affected and dropped close to the bottom.
Currently, the price is still very good, and not only that, Upbit is holding even more assets than in the first quarter. It's projected to reach the range of 2.xx is within reach, guys😁
This asset only seems to move sideways or down frequently, $BTC goes up then it moves sideways; when BTC drops, it drops twice as much as the big player.
However, this is an asset from Binance, so its credibility is undeniable. Based on Binance's coin history, it may not lead the trends, but its potential during and after an uptrend season is extremely high.
Therefore, $BOME is still a solid option if you don’t like taking risks and it's only suitable for spot or margin under 100%.
#BTC decrease is inevitable and #ALTS decrease usually will be double the decrease rate of #BTC
Now just need to wait for one more deep decrease of #BTC and everything will be fine. So it's time to start paying attention to quality altcoins again.
Especially pay attention to #NFP tech asset with a market cap of less than 100M that has a high chance of x10 in this uptrend season.
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