How we can be trapped
Warning: Currently with this data, I can only give a 50:50 ratio for my prediction, I do not focus too much on technical analysis but focus more on crowd psychology because this season has the participation of ETF funds.
The cup and handle pattern has formed on the extremely large time frame of both total 2 and total 3. We can easily see that this pattern will definitely be completed and BTC will have an uptrend phase according to the textbook. But the question is will it start in December or February?
As I said, I cannot know exactly at the moment, the number given is 50:50 but personally I am leaning towards the option of February 2025. Why?
The reason I give is quite simple, CROWD PSYCHOLOGY
You can contact yourself directly while reading this article. Your goal is to invest long term until 2025, everyone will say that. But think about it, do you want to withdraw a part of your profits at the end of the year to shop and take care of your family? I think most of you do! You will withdraw.
So what happens if we get trapped like that? Altcoin will have a new bottom when investors are too fed up with the market, Crypto news will be overshadowed by Noel, New Year cooldown, Luna new year and billions of other news that you care about on New Year's.
Investors who are holding coins want to cut losses to withdraw money, while investors who are holding cash do not have time to follow the market.
For me, this will be a textbook sell-off and if it happens, that will be the time I buy 100% of the cash I am holding.
