stephen0215

At the early stage of this bullish run, I was optimistic that ATH would hit 100k in 2024.However, we are experiencing a possible reversal to the price range between 48k to 54k(99EMA and 200EMA) from the daily chart, which could take up to a month from now.At this point, I've closed all my positions. My strategy is to monitor how it tests the ascending wedge's support line. There is a chance that the bulls might struggle to resist the sell-off momentum along this line, leading to one more throwback before the massive reversal comes into play. If that happens, you can aim to close your profit at around 75k.Alternatively, you could choose to liquidate your positions in a conservative manner.We are now heading to the support line. keep an eye on the zone around $66,600.The altcoins market crashed suddenly. ADA down more than 20%.

As the pattern outlined on the chart, I assume the ascending wedge signals the potential to reverse to the target price of around 62k. However, it's not the end of the world. I would rather see it as an opportunity to re-enter the long position.Keep an eye on the altcoins of your choice. They would show strong movement over the second-half bull run.As the prices for BTC/ETH go higher, the profit we can yield from the price we re-enter is limited. At this point, I will switch to altcoins for high ROIs.The market sell-off is causing tension, but it's best to wait and see how the next daily candles play out before re-entering.The bull is forming the inverse H & S pattern, which indicates a potential entry point.Good luck with trading.