Is the price level 90k possible? Maybe yes. I set the historical abc rhythm to today and the result is a bullish correction, where there is no c point. Is this the truth? You decide.
There is a hint that more growth is coming in 2025, this is supported by btc stfm and rainbow chart, which says that the main thing is yet to come. The first quarter is expected to be green.
Just an idea, could be wrong. MD
RBC STFM
交易進行
The probability that btc will fall below 90k is quite likely (somewhere some correction has to come anyway, sooner or later). I can also find real hints in altcoins that this can be true. The truth is that I don't have to rush and sweat and soon we will see (early January) what is the real truth in altcoins. I can see quite clearly that in December I will NOT OPEN ANY BUY TRADE. even if there is some x green, it is so pointless that I am not interested at all and it may be a delay.
As long as btc is where it is now, I do not want to buy any altcoins, such as eth, hot, arb and other coins that have some x potential or that I am interested in.
It is unlikely that magic green will happen in the next 10 days and missing out on something will make you cry. How altcoins will react considering the volume if btc 86k (next fib level) is true is not clear. if btc drops another 10%, it can do anything to altcoins. and what they do is not very important if you are not trading red with ALTCOINS today and are just waiting for your green opportunity.
The easiest thing is to calmly wait for 90k lower and then see what the situation is with altcoins and buy if possible and if you believe that the first quarter of 2025 will be green. I optimistically believe and see that this is a possible move, because I see a real opportunity in my system (price reading, price pattern levels, fib levels, +8 indicators with different settings on different timeframes (also timeframes that are not popular, such as 8D, 12D, 5D and also hours))
Summary: the altcoin terror will last as long as btc is ready.
If you believe that btc is ready to rise now, then buy altcoins but I will probably make entries in early January (*******IF****** THE SITUATION IS FAVORABLE)
I will share some updates in the comments