Let me tell you what's going to happen next on the market.
You know the saying "History repeat itself", and it's no different now.
So, the markets are bullish, everything is pumping, everyone is hyped, everyone is happy, but nothing last forever, this trend will "at some point" reverse, the question is, when?
Look back 300 days ago, 5 Feb 2024 (Check the graph)
I took the chart of #HOOk as an example, look at the chart, you see the market started doing something like what we are witnessing right now.
During the period from 5 Feb to 10 March 2024 (33 days) the market increased by almost 120% and during which we experienced 2 major drops (28 Feb, 5 March) till it reached it's peak on March 10 then reversed.
Okey, Am i saying that the same thing will happen typically? No, I'm not saying that.
But this thing we are into is being run by bots, Yup Bots, robots, A.I that makes decisions based on algorithm and it's highly likely to repeat the same pattern but we have to put some things into consideration like:
- We are heading into Christmass in 23 days and it's usually a season where people cash out their money to spend on vacations and luxuries.
- Macro elements like (trump's inauguration, US Unemployment Rate "Dec 6th", US CPI y/y "Dec 11", US Federal Funds Rate "Dec 18")
Let's fast forward to our time being, If i apply what i just explained into our reality, we'll see that #HOOK has made almost a 106% gains in 26 days with around 1 major drop.
So How do we use this information?
Well, my guess is that we are going to see a major drop this month, but over all, we'll have a bullish month where we will end up in profits if we hold and afterward the market will reverse "Will post then"
#N4G
