Madman's Trend Analysis

The madman said...

During the weekend, the Market Maker institutions in the United States were off duty, and the on-site funds began to go crazy. Both ETH and XRP Trading Volumes surpassed BTC, indicating a certain fear of missing out in the market. At the same time, a more obvious seesaw effect appeared, with BTC weak and others strong. This is a typical money-making effect in a bull market. As long as BTC holds steady, the chaos will continue.

The current major issue is that if it continues to surge above 100,000 in December, the probability of a short-term peak will increase. From the perspective of the external market sentiment, a large number of potential investors outside the market have begun to show curiosity about BTC. It seems that everyone is discussing BTC. Historically, at this point in the cycle, it is often at a relatively high level. It is not ruled out that after the influx of external funds, there will be another crazy surge, followed by a peak. Another trend is to pull back from this position, entering a consolidation phase in December, and then starting a new Bull Market after Trump takes office in January. If it goes this way, the height will be even higher. As for how the market will choose, we still need to further observe and confirm.

But there is no doubt that, regardless of the trend, the cost-effectiveness of getting on board Bitcoin at this point is already low. How long altcoins can pump depends on the performance of the few leaders in the front. As long as the funds can support it, small coins can still continue to pump. After all, everyone's market capitalization is not high, so a little rise is not excessive. Another detail to note is that in this bull run, the leading MEME coins in the front have recently started to cool down. Adjustments in the leading zone often occur before other zones, while rises in the back are often towards the end of an upward trend. Some enthusiasts believe that there may still be a rise ahead, but everyone should be careful of the risks that may come at any time. Don't forget that the crypto world can experience big dumps, and every time you avoid one, it means you can earn a lot more money than others. Don't worry about the last one or two coins, moving forward steadily is the key.

Disclaimer: The article represents only the author's personal opinion and does not represent the objective viewpoint and position of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be held responsible for any direct or indirect losses incurred by investors.

The article "The Madman Talks about Trends" was first published in Blockchained.