If the market capitalization of altcoins breaks through the current flag pattern, it is expected to rise at a similar rate to the cycle that occurred from October 2023 for several months.
Since August, I have been observing the market with patience, refraining from taking a long or short position. I've held off on making any decisions. In the meantime, I have established a 70% long perspective. This conclusion is based on my analysis that there will be positive outcomes from October through the winter.
First, keep an eye on the yellow line. ...................................... Good luck!
This month could be a month of opportunity. ................................. Good luck!
When we look at Bitcoin's historical price movements, we can observe that in each of its past three major bull cycles, the peak target was set using the Fibonacci ratio of 1.618. Remarkably, all three times, this target was at least met. The Fibonacci ratio is a widely used tool in financial markets to help predict price movement patterns. For the current cycle,...
This is the main scenario of Long's perspective. .................................... Good luck!
Maybe if you just wait, you'll get whatever the results are.
This is my scenario in case the current cycle is forcibly terminated. I’ve identified potential rebound points, where it might decline again, and the expected bottom. While I hope this scenario doesn’t unfold, I’ll be prepared to respond if it does.
Based on Elliott Wave Theory, Bitcoin has undergone a long 7-month correction, during which several panic sells occurred. If we assume that the most recent panic sell marks the bottom, the most likely scenario from a long position perspective would look something like this. Just to note, I remain neutral in my outlook, but I wanted to share this scenario with you.
If the market correction ends and panic selling occurs at the price level I've marked, I will buy Bitcoin in full, establishing a long position with a spot buy. This price level is highly reliable. Although I haven't taken a short position, if Bitcoin experiences another panic or if you believe we've hit the top and have already established a short position, it...
It's an important position. .......................................
It's like a chance for the best long position, but it's also a chance for the best short position. You have to strategize how to overcome this.