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Mantsa888
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Mantsa888
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Christmas is time of joy and optimism. Perfect day to see green again. Will this be just a short breakout or bullrun everyone are promising? Santa Claus will bring the answer and, as with christmas gifts, you have to wait until morning 😉🎄 #MarketRebound #ReboundRally
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The drop yesterday was not unexpected since the trend on all crypto is downward. ATH was on December 8th and market needs some cooling down. Only the exact dates for the pullbacks are not available. Depending on when you entered the market you get the results. If you entered your positions on December 6th you hade a very painful experience right now. Hoping that after a month of more than 50% growth this will continue withoit down time... it is expensive hope but valuable lesson. When in doubt zoom out. Always check the environment you are entering. Check the trend and look the weekly and daily chart. You will have much clearer insight than on hourly chart. There are many good writers on Square. Do your research, find the ones who are not using AI to write their post and are on the market far longer than you. They usually made same mistakes in their beginning than you are doing now. They are also the proof that patience, learning and determination pays off. At least on the long run. #MarketPullback #NewinCryptoWorld #2024WithBinance #ChristmasMarketAnalysis
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I have learned that every long wick gets "another visit". I don't bother so much with understandig why it is so but I do know that sooner or later it will happen. If you look at the graph of a BTC you can notice one wick from the December 9th that is waiting for a visit at 90.000. When? I don't have a crystal ball but that doesn't mean that I am not ready 😉 What about you? #BTCNextMove
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What goes up, eventualy comes down. If you entered your positions last week in hopium for bigger gains you got just the opposite. The bigger the expectation deeper the fall and disappointment. Beware of the trading traps and stress related volatility on the crypto markets. If you have patience you will now wait. Market are cyclic and maybe prices will crawl back over a month or maybe they will rise like a pohenix in couple of hours. This is the risk. If you don'like risk then it is better to invest in some something more solid and sure. As always - do your research, follow the mentaly sane, emotionaly stable advices and leave crazy hopium sellers alone. #MarketCorrectionBuyOrHODL
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WHEN IN DOUBT, ZOOM OUT Even as an inexperienced trader or investor, without extensive knowledge of technical analysis, you can leverage observation and common sense when entering the world of crypto—especially through centralized exchanges like Binance. Choose three or four tokens and examine their charts. If your first thought is, “They all look very similar,” you’re absolutely correct! Most token charts exhibit similar patterns due to their correlation with Bitcoin (BTC) and its movements. I often see people in post comments asking questions like: “What about this coin? Will it go up or down?” If you analyze charts on a weekly timeframe, you’ll notice a pattern. Most tokens were on an upward trend starting in early November, peaked, and experienced a significant liquidation drop on December 9th. Afterward, they didn’t resume their uptrend but started sliding down. What goes up must come down—and vice versa. What was down will eventually go up. Use your common sense (not greed, hype, or hopium) to answer this question: Are the charts showing an upward or downward trend? The answer is evident from every chart. What you see is the current reality. You might hope for a sudden reversal today—perhaps on a 15-minute candle—but the broader trend is what matters. A very helpful tool is the Fibonacci retracement, where key levels often act as resistance on the way up and as support on the way down. If a support level doesn’t hold, the price is likely to drop to the next level below. In recent days, many tokens have been searching for support, with some holding at the 0.382 Fibonacci level and many others dipping to 0.5. This behavior is not surprising after a month of exponential growth and reaching a peak. I’m simply sharing my observations and experiences. Everyone must do their own research and learn from their successes or mistakes. Remember: Your money, your responsibility. #PriceCorrectionorDip
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