We need to reflect and review. Throughout history, market conditions have never been straightforward, and the smart money will not simply give away money to retail investors. Retracements and volatility are inevitable seasonings in the overall upward trend. Enjoy it!
Look at the BTCDOMINANCE indicator. The moving averages are set to EMA21, MA30, MA60, and MA120; the timeframe is daily, and the trend line in the middle has remained unchanged.
Now, let's look at the total market cap trend of Altcoins
The timeframe is a larger 3-day level, and the moving averages are completely bullish; structurally, it has broken out of the consolidation range and reached the previous cycle's high.
These two charts objectively prove the arrival of the Altcoin season, rather than our subjective judgment.
The characteristic of Altcoins is that they have high volatility, rising quickly and sharply, with short-term gains far exceeding BTC, and falling the same way. So during the correction phase, holding Altcoins may feel more painful, but don't forget that during the crazy rallies, you Altcoin holders were the ones looking down on the BTC holders! Profits and losses are two sides of the same coin.
My current judgment is that the bull market has just begun
Whether BTC can reach $20,000 or $30,000, as long as we know it's just the beginning - this round is no longer determined by the old hands, but by Microstrategy, by MARA, by the US national reserves, Russian national reserves, and the pension funds of various countries
Regarding the macro environment: this month, there are both positive and negative news, so fellow traders should be cautious. Events such as tonight's CPI, whether MSTR will be included in QQQ, the FASB taking effect, the FOMC meeting, the Bank of Japan meeting, and Christmas, etc.
In January 2025, Trump will take office. Yesterday, news came out that Trump hopes Bitcoin will reach $150,000 during his early term. Wow, so at that time, will ETH be able to lead the Altcoins to another wave as well? And the expectation of policy easing is also positive
On the negative side, pay attention to the interest rate cuts and the economic situation, but the next FOMC meeting will be on January 29. The official inauguration is on 1.20.
Now, let's talk about the selection logic
After the big drop on 12.9, those that didn't have a further drop, quickly recovered some, and have decent chart patterns, and are also in the hot speculation track
Focus on the strongest coins in the first round of the uptrend, and the most resilient coins in the second wave of correction! Then, wait for BTC and ETH to adjust, and gradually buy Altcoin spot positions in batches!
Wait for the third wave of the highest tide of the uptrend!
Don't try too hard to catch the leader in the very first round, that requires enough strength + luck. What most of us can truly grasp are the corrections after the trend uptrend starts, and catch the third wave~
Be patient, when BTC and ETH have finished adjusting, these quality Altcoins with strong backing will unleash their true power!
The market has cycles, and volatility has stages, don't expect to understand the trend and grasp it at every moment, that's unrealistic! The only thing you need to do is focus on the state of the trend operation, and grasp the market you can understand at the most confident time, and be prepared for the worst, that's it.
Here are some relatively strong coins listed
BTC ETH SOL BNB XRP SUI APT SEI TURBO IO KAIA ACT OMNI ALT BB LUMIA BABYDOGE PEPE (in no particular order, all on Binance)
Market speculation is changing, we need to have a keen sense of the market. We also need to keep up with the changes, if the market stabilizes, these may continue to explode.
When it's falling, recharge your faith more, if you have bullets, pick up some chips. You can use the strategy of buying big dips, small dips, and no dips in batches.
Also, yesterday Musk's Grok directly supported the generation of meme pictures, and then his X was full of Pepe pictures, which is enough to see the old man's enthusiasm for memes. This bull market is driven by memes, so when memes correct, be sure to choose the memes you like to build positions.
In the AI meme track, GOAT and ACT are the ones I'm most optimistic about.
neiro, babydoge, pnut are the newly listed strong and high-odds coins, DOGE is the type of coin suitable for heavy positions and long-term holding, grasp it yourself.
The bull market can basically be confirmed to have started, and with the easing of policies, there will be many opportunities waiting for us to layout, the group will recommend wealth codes from time to time, let's seize the upcoming bull market together and realize our goals and dreams in the crypto world!
If you have no clue about coin selection and market trends, then welcome to join Old Chen's VIP group.
Old Chen's VIP member group now has promotional activities, brothers who want to join the VIP member group can scan the code to learn more, he will guide you to grasp the bull and bear trends, layout the crypto hotspots, and eat the big meat!
Lots of promotions!
Group content:
Mainly spot trading, there will be macro trend analysis and layout in advance, potential coin ambushes, following the evolution of the market cycle, Altcoin recommendations when opportunities arise, with a focus on spot trading.
We will choose more strong coins, trying to get a few of them for small bets big wins, as the market is stirring again, we definitely need coins with strong wealth effect to ignite the new bull market, catch one and make a big profit, catch a few and make a killing.
Reasonable position control, mainstream coins for the bottom, Altcoins for appreciation.
