The market's weekly line has been waiting for two bullish candles since the 'guiding finger' of the immortal; throughout the seven waves, there have been 10 weekly candles (6 bullish, 1 bearish, 2 doji, 1 inverted hammer). Today is Tuesday, and with corrections this month, the lower shadow is very short. Therefore, the mainstream coins will still see a bullish correction this week; the weekly line opened on November 17, 2024, with bullish candles still having a very short lower shadow, and next week will still be bullish.
This week, from today to tomorrow, the market is expected to correct with an opening price near 79,687, then surge to around 85,600.
On November 17, 2024, KX opened at 85,000, with a lower price of around 84,000 on the weekly line. Then it will surge again in a range of 20,000 points; the price will rise to 104,000 points.
Adding 7 days to November 17, 2024, gives November 24, 2024.
On November 24, 2024, the weekly line will open with a lower price of around 98,000 to 100,000 before forming a peak at around 110,000. On November 28, 2024, a rapid surge will push to 232,000 before quickly falling back to around 110,000. From November 29-30, 2024, it will consolidate and build a peak.
On December 1, 2024, the monthly line will open and push up by around 116,000, while the weekly line will enter a correction with a bearish candle, falling back to around 90,000 to 100,000.
There will be 8 to 9 weeks of high-level corrections and consolidations on the weekly line.
Based on the above deductions, the expected time for the bear market to start is around February 3-4, 2025.
This timing differs from the past when the bear market began in April; we will specifically see if the weekly line will show a doji star. If it does, the bear market start time will be extended by 7 days, roughly around February 10-11, 2025, which would be a great entry point for short positions.
