Good afternoon everyone, it is now twelve o'clock in the morning on Friday, December 1, 2023. With the end of November, from the perspective of the Ether exchange rate, Ether, which has been weak for nearly half a year, should start to gain momentum this month. Ether also started to exert force in the morning. It is expected that this week it will most likely break through the strong pressure near 2140. If the breakthrough is achieved due to heavy volume, then the copycat will usher in a continuous wave of explosion. Let’s look back from the Cancun upgrade time. , it should not be later than March next year. According to the rhythm of the last wave of Ether upgrades in April and the hype starting in January, it is time to start hyping up the Cancun upgrade this month. After all, the market expects that the BTC ETF will also be launched in January next year. It will be approved between the 5th and 10th of March. Once approved, the benefits will be implemented, which may bring a wave of decline to the market. Then Ether must lead the copycats to charge before the benefits are implemented, so that there will be room for a correction. !
Altcoin vs. Bitcoin Dominate
Bitcoin has surged recently, and Altcoin have also risen amid mixed signals from Federal Reserve officials on U.S. interest rates. While Bitcoin encountered minor resistance at $38,500, investors began to turn their attention to Altcoin during the Bitcoin downturn, causing Altcoin prices to soar. Fed Governor Michelle Bowman advocated further interest rate increases to achieve the 2% inflation target, while Fed Governor Christopher Waller expressed confidence in current rates and awaited more data.
The Altcoin Market Index has risen significantly recently, reaching a peak of 43. Since this data is well above Bitcoin’s 25 dominance levels, it suggests that Altcoin are poised to outperform Bitcoin in December.
Is the next bull market coming?
A: 3-5 times increase for BTC/secondary products B: 10-fold increase for large market capitalization copycats C: 20-50 times increase for medium market capitalization copycats with excellent performance D: 200 high-quality copycats outside of Kaiwai, 100 times increase E: Some special opportunities, Thousand times/10,000 times (level one, native dog, new meme currency) Allocation of large funds A; Allocation of medium funds BC; CDE with small funds requires good vision, good currency exchange and research; good luck with small funds to buy CDE It is possible that it will rise into a large position.
How can we not miss the bull market?
It is normal for the current market to experience small rises and falls, but the probability of a sharp drop is not very high. We only need to enter 20% to 30% of our long-term positions to prevent miss the pump. Even if there is a big drop, this position is an acceptable result for normal traders. If there is a sharp drop, add a layer of your long-term position every 10%
If the full position drops by 30%, you will feel uncomfortable. If the first-level position drops by 30%, it means that the overall position has dropped by 3%, which can be said to be a drizzle.
Controlling the position is to leave a way out for ourselves to prevent the market from deviating from what we imagined, leaving ourselves helpless. After controlling the position, we can decide the subsequent buying and selling strategy according to the changes in the market!
If it rises, it is what we want to see, and we will choose the opportunity to increase our position! If there is a drop, this is an opportunity if you have fully reserved reserve funds. Every time the market drops by 10%, we enter a level of position, which is affordable.
If we look at the entire market cycle, I personally am firmly bullish. I believe that the bulls are not far away from us! You won’t have to wait long for this day!
Next is my price analysis of some of the more promising copycats:
Terra Luna Classic (LUNC) Price Analysis
In the past 30 days, LUNC prices have surged nearly 80%. LUNC remains above its 20-day moving average but faces a pullback. If the bears pull LUNC below the moving average, the price may test the patience of buyers at $0.000068. However, a rebound will push the price towards the resistance level at $0.000143.
Further accumulation above the immediate resistance channel will push the price towards $0.0002. Notably, a successful rebound from $0.000068 would provide a bullish outlook for LUNC in December.
Dogecoin (DOGE) Price Analysis
Dogecoin has been finding support at the 20-day exponential moving average (EMA) at $0.08. This trend shows that people are actively buying at lower price levels.
The upward trajectory of the moving averages and the relative strength index (RSI) in positive territory indicate a higher likelihood of price growth. Buyers are pushing the price above the $0.087 resistance. If the price remains above this level, it is likely to consolidate around $0.1.
However, a break below $0.07 will create a bearish trend for December DOGE, testing the support at $0.061.
Solana (SOL) Price Analysis
Solana rebounded from $53, indicating continued positive market sentiment. Currently, buyers are targeting a break above $62 to trigger a bullish move into December.
A successful move above $62 could push SOL to highs of $70. A break above this level will be crucial for bulls to negate the head and shoulders pattern, which is traditionally a bearish indicator. The failure of this pattern could be a bullish signal that could trigger a sharp price increase towards $94.
Instead, $51 is the key support level. A move below this level could lead to a broader correction, potentially pushing the price down to the $39-43 consolidation area.
Recently, many newcomers have said that they don’t know how to choose coins when entering the market. Let’s talk about it openly here.
If you want to make a long-term investment position, it is recommended to use the leading strategy, and choose two or three for each track, such as:
For the public chain, choose UNI, RUNEicon, and DYDX for SOL and Avax DEX. For the RWA track, choose MKR. For the SNX gamefi track, choose imx. For the gala AI track, choose TAO. For RNDR, choose ordi and sats for the BRC20 track. Try your best to deploy big money in On mainstream currencies, petty bourgeoisie are scattered on the leading walls of various tracks. Liquid capital can be used to chase market hot spots, do short-term operations or rush into doge and memes.
Create a high-quality circle
Mainly spot goods
I will share some content: conditions as shown below:
The overall position is ≥10,000 u. If you want to join, please contact me~! Welcome to send me a private message~!
(The operating space for hundreds and thousands is too small. If not, you can also send a private message. As long as you have skills such as on-chain data, native dog crawling, etc., you can join if you pass the screening.) Purpose: To become bigger and stronger, and create greater glory. A bull market turnaround!
The article ends here. You can follow the official account (Xiao Ren’s Value Investment). If you have any questions, you can leave a message on the official account and I will reply to you in time~
