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Cryptocurrency Trading / Re: Do not sell, Just HODL (v2)
« on: May 08, 2024, 06:57:28 PM »This halving year is different from past Bitcoin halving. As we can see in the history from the first halving to the third, new ATH only happen after halving, which did not occur in this halving year. People expected the new ATH to occur after the halving based on past halving, but instead, it occurred before the halving. We noticed that when the price creates a new ATH, there is a high probability that the price will explode because there is no obvious resistance above that has to be broken, which has been true in past halving. And this may be the reason why many are disappointed, because I noticed many complaints if this would be the end of bull market.I believe that many people get disappointed by the halving and might think this would be the worst halving history. But for me, we can't tell yet if this would be really the worst because we still in the bullish market. And what we see in the market now is just a retracement and the retracement was not yet finished. There is a lot of zone in the bottom where the price possibly go, not only the literal SNR but also the imbalances and swing points. I see a lot of imbalances below and it's not filled yet. There is a high chance that the price will hit that area before the price explodes.
Why the disappointment? Never in the history of Bitcoin had we had pump immediately when the halving occur, I have check the chart and it was a year later that we do have the bull run but somehow, a lot happened in this cycle that institutional investors are controlling the market, they don't want to see their investment go down and they are holding it from collapse.
Another thing you should put into consideration is that there must be a correction else no one would be confident about the bull run and right now, the market is doing the opposite and if it remain like this, there is no certainty yet about bull run but in the future, something must happen.