When we look at Bitcoin, the late July/early August crash only lasted 9 days; it was fast, but, when we look at Fantom, FTMUSDT, and other trading pairs, there was a drop for a much longer period of time, so what to expect?
I think we are about to experience something great because once the bottom hits, it is over, we will enter a new cycle and the market will never be the same.
The correction can last anywhere between 1-3 weeks mainly, but it is impossible for me to guess with exactitude how long. There are many pairs, many projects and many variations across the market, but it shouldn't last that long.
We are talking about a month or less, because a new bull-market is upon us.
This chart here shows multiple conditions pointing toward lower prices.
➖ We have a long-term lower high between October and May/March. ➖ Trading volume has come to a halt and Bitcoin also is ending an inverted correction with a double-top.
We are about to experience something great.
Once the correction is over, we will never look back, Cryptocurrency is going mainstream and is here to stay.
It is a new form of money, a great technology. Easy to use, fast, low fees with no middle-man.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.