The Biggest Crash Since The Bear-Market (Bitcoin & The Altcoins)
We are about to reach the climax of the 2024 Cryptocurrency market correction...
How are you doing today?
By the time you read this it will be Sunday... And trouble is approaching the market.
Bitcoin's 2024 Capitulation Event is here and it won't affect only Bitcoin, the entire market will suffer.
Money is being withdrawn from the Altcoins, all of them.
Many altcoins were looking good and remaining strong even while Bitcoin moved up, or down, but now everything is starting to slow down. This is the most revealing signal of all.
The crash is obvious so we do not need to focus on that part, let's focus on how the Altcoins will react instead.
➖ The Cryptocurrency Apocalypse ➖
Day 1. Nobody saw it coming... At first, just blank, not much action, kind of boring or a feeling of anticipation... The calm before the storm.
Day 2. It is happening... 95% of the market participants still claiming "the start of the bull-market" as they were doing in March, and another portion claiming, "New All-Time High" and "Bitcoin 100K." Billions will be liquidated in a flash.
Day 3. The crash is on... Prices are dropping, people start to awaken to what is happening; fear, panic; sell the house, sell everything; buy-dip, false breakdown, 1 BTC = 1 BTC....
Day 4. Bitcoin hits a new low... "How far down will it go?" "Will it hit 10K?" "OMG!!!"
Day 5. The slow recovery starts... Bitcoin will experience long-term growth. At this point, the majority of the people fold, lose hope, faith and simply sell —at the bottom.
Day 6. Strong recovery.
Each day can be worth 3 days... More or less. But the whole dynamic should play within 1-3 weeks. Interesting to watch is the biggest understatement in the history of life. It will be the most fascinating event ever, to see the upcoming crash and the worldwide reaction.
What will be the catalyst?
What type of news headlines will we get?
(Share some of your guesses in the comment section.)
➖ Altcoins Market Reaction ➖
Enough of that let's get serious.
I already mentioned this in several articles but understandably not everybody reads everything so let's recap.
1) Many altcoins already hit bottom. While they will turn red, it won't be a big event for these but only a retrace before maximum growth. This portion of the market will recover fast.
2) A second group, mid-size, are good but have not bottomed and so will move to produce a lower low but will recover fast as well.
3) The last group are the giants... These have to go through a painful correction because they are still trading high up.
Everything crashes at first; those big take longer to recover, those smaller recover faster. That's it keeping it simple.
If you agree, leave a comment.
If you disagree, leave two comments.
Namaste.
How are you doing today?
By the time you read this it will be Sunday... And trouble is approaching the market.
Bitcoin's 2024 Capitulation Event is here and it won't affect only Bitcoin, the entire market will suffer.
Money is being withdrawn from the Altcoins, all of them.
Many altcoins were looking good and remaining strong even while Bitcoin moved up, or down, but now everything is starting to slow down. This is the most revealing signal of all.
The crash is obvious so we do not need to focus on that part, let's focus on how the Altcoins will react instead.
➖ The Cryptocurrency Apocalypse ➖
Day 1. Nobody saw it coming... At first, just blank, not much action, kind of boring or a feeling of anticipation... The calm before the storm.
Day 2. It is happening... 95% of the market participants still claiming "the start of the bull-market" as they were doing in March, and another portion claiming, "New All-Time High" and "Bitcoin 100K." Billions will be liquidated in a flash.
Day 3. The crash is on... Prices are dropping, people start to awaken to what is happening; fear, panic; sell the house, sell everything; buy-dip, false breakdown, 1 BTC = 1 BTC....
Day 4. Bitcoin hits a new low... "How far down will it go?" "Will it hit 10K?" "OMG!!!"
Day 5. The slow recovery starts... Bitcoin will experience long-term growth. At this point, the majority of the people fold, lose hope, faith and simply sell —at the bottom.
Day 6. Strong recovery.
Each day can be worth 3 days... More or less. But the whole dynamic should play within 1-3 weeks. Interesting to watch is the biggest understatement in the history of life. It will be the most fascinating event ever, to see the upcoming crash and the worldwide reaction.
What will be the catalyst?
What type of news headlines will we get?
(Share some of your guesses in the comment section.)
➖ Altcoins Market Reaction ➖
Enough of that let's get serious.
I already mentioned this in several articles but understandably not everybody reads everything so let's recap.
1) Many altcoins already hit bottom. While they will turn red, it won't be a big event for these but only a retrace before maximum growth. This portion of the market will recover fast.
2) A second group, mid-size, are good but have not bottomed and so will move to produce a lower low but will recover fast as well.
3) The last group are the giants... These have to go through a painful correction because they are still trading high up.
Everything crashes at first; those big take longer to recover, those smaller recover faster. That's it keeping it simple.
If you agree, leave a comment.
If you disagree, leave two comments.
Namaste.
Nota
A nuclear bomb might be the major catalyst.
It seems the Russians are ready to use it.
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🔝 Daily Cryptocurrency Technical Analysis
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lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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