All through 2022 I was saying that we would see the bottom in November 2022. Because of
I tried to explain not only from the side of cycles, but also from other sides why a
showed the month of November
I said that it was the bottom and it doesn't matter what price you buy at 16-17k, you don't have to wait for 13k (only pigs who want to catch the bottom do this). I also said that the local peak will be in April-May 2023, after that the correction.
that I was selling all crypto and looking for an entry point to short.
And the last thing, I think, is that we are already in correction and we will see the bottom of this correction in September-November. Visually, I showed my goals with red boxes
And after the formation of the bottom I expect growth with the establishment of new highs, trading is not a sprint it is a marathon.
It seems like you have been analyzing BTC market trends and making predictions based on your understanding of cycles and other factors. Well, while it's commendable that you've been actively sharing your insights and taking positions based on your analysis, it's important to approach such predictions with caution and consider multiple perspectives. Firstly, relying solely on cycles to predict market bottoms can be risky. While cycles can provide valuable insights into market behavior, they are not foolproof indicators. The cryptocurrency market is influenced by a wide range of factors, including investor sentiment, regulatory developments, technological advancements, and global economic conditions. These factors can sometimes override or disrupt cyclical patterns, making it difficult to accurately predict market bottoms.
Furthermore, it's important to note that the past performance of a market doesn't guarantee future outcomes. Just because you predicted a BTC bottom in November 2022 doesn't mean the same pattern will repeat in subsequent corrections. Market dynamics and conditions can change significantly over time, leading to different outcomes. Additionally, while visual representations and charts can provide useful insights, they should not be the sole basis for making investment decisions. Technical analysis tools, like the red boxes you mentioned, can provide guidance, but they should be complemented with fundamental analysis, market research, and risk assessment. Lastly, it's worth emphasizing that the cryptocurrency market is highly volatile and subject to sudden shifts in sentiment.
While you may currently hold a short position and anticipate a bottom in September-November, it's important to closely monitor market conditions and be prepared to adjust your strategy if necessary. Markets can behave in unexpected ways, and it's crucial to stay agile and adapt to changing circumstances.
So while your analysis and predictions are valuable contributions to the discussion, it's important to approach them with a healthy dose of skepticism and acknowledge the inherent uncertainties of the market. Taking a balanced and diversified approach to investing, considering various factors, and remaining flexible in your strategy can help navigate the complex and ever-changing world of cryptocurrencies.
EXCAVO
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@ReallyMe, Thank you for the reversed comment, as if you were helped by the chatGPT . In fundamental news I want to add that regulation will continue, cryptocurrency projects are not paid yet, crypto exchanges will continue to be under pressure, nothing was said about efirium, which is surprising to me because according to SEC logic this project is unregistered security too. Well, in such a mood, I expect the desperation of community around the dates that I said, and after that I expect growth
ReallyMe
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@EXCAVO, Absolutely! By "efirium", your anwering chatGPT means ethereum? :)
@DC92T, Yes I do, this is my last idea on the subject. It is still valid, this is how I see BTC at the moment:
toastedcharm
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@EXCAVO its amazing how delusional some people are. i just want to say I appreciate all your insight and logic in these markets. i only really follow you and @Mayfair_Ventures since you are the only two(three) 100% clear headed analysts I can seem to find out there. than you thank you thank you.
Well, while it's commendable that you've been actively sharing your insights and taking positions based on your analysis, it's important to approach such predictions with caution and consider multiple perspectives. Firstly, relying solely on cycles to predict market bottoms can be risky. While cycles can provide valuable insights into market behavior, they are not foolproof indicators. The cryptocurrency market is influenced by a wide range of factors, including investor sentiment, regulatory developments, technological advancements, and global economic conditions. These factors can sometimes override or disrupt cyclical patterns, making it difficult to accurately predict market bottoms.
Furthermore, it's important to note that the past performance of a market doesn't guarantee future outcomes. Just because you predicted a BTC bottom in November 2022 doesn't mean the same pattern will repeat in subsequent corrections. Market dynamics and conditions can change significantly over time, leading to different outcomes. Additionally, while visual representations and charts can provide useful insights, they should not be the sole basis for making investment decisions. Technical analysis tools, like the red boxes you mentioned, can provide guidance, but they should be complemented with fundamental analysis, market research, and risk assessment. Lastly, it's worth emphasizing that the cryptocurrency market is highly volatile and subject to sudden shifts in sentiment.
While you may currently hold a short position and anticipate a bottom in September-November, it's important to closely monitor market conditions and be prepared to adjust your strategy if necessary. Markets can behave in unexpected ways, and it's crucial to stay agile and adapt to changing circumstances.
So while your analysis and predictions are valuable contributions to the discussion, it's important to approach them with a healthy dose of skepticism and acknowledge the inherent uncertainties of the market. Taking a balanced and diversified approach to investing, considering various factors, and remaining flexible in your strategy can help navigate the complex and ever-changing world of cryptocurrencies.