For the past few months, I've repeatedly stated that we are currently in the final dip before the Altcoin Rally, and I believe we are entering the last phase before its onset. We are very close to the Altcoin Rally, and I believe we may already be in its early stages.
The most important point to understand is this:
During a Bear Market, the prey being targeted are not the long positions.
In a Bear Market, the market falls steadily for an extended period. As short traders profit, their greed increases, leading to higher leverage. The belief that the decline will continue without end is built, and then, suddenly, a rally emerges, trapping short traders who have been lured into the market for a long time.
During a Bull Market, however, the prey is not the short positions.
In a Bull Market, the market rises for an extended period. As long traders profit, their greed grows, and leverage increases. The belief that the rise will continue indefinitely is built, and then, unexpectedly, a sharp drop occurs, trapping long traders who have been drawn in for a while.
If margin trading is to be done, it should only happen during a Bear Market. To target short traders, you can open short positions with tight stops during sudden rallies or at strong resistance levels, using a portion of your balance. The goal during a Bear Market should be to protect your balance.
At this point, we are very close to the start of the Altcoin Rally, and by patiently holding our positions, we can make significant gains. This makes margin trading highly illogical, unnecessary, and a big mistake right now.
After enduring a 3-year Bear Market, we’ve patiently waited for an Altcoin Rally, similar to those at the end of 2017 and the beginning of 2021. Now that we are so close to the Altcoin Rally, eroding our balance on margin trading would be the biggest mistake we could make.
The Altcoin Rally will last only four months. In the first two months of this period, prices will rise slowly, and people will say, "This rise is fake, they're pushing it up to squeeze the shorts, let’s sell and buy back lower." While everyone is thinking that the rise is a trap, the real significant increases will happen in the last two months of the Altcoin Rally. During this time, new investors will enter the market, saying, "Everyone is winning, I want to win too."
We are now so close to the Altcoin Rally, and I believe we may already be in the first phase of it. I expect the Altcoin Rally to begin by the end of 2024 and conclude by the first quarter of 2025.
Looking at my past predictions:
Before the 2021 Altcoin Rally, I pointed out the 30% drop from $42,000 to $29,000. In the current market, however, since we have a much stronger Bitcoin, I don't expect the same kind of sharp 30% drop before the Altcoin Rally. Instead, I anticipate a minor correction or a zigzagging horizontal movement.
The zigzag horizontal scenario I predicted before the Altcoin Rally is working out as expected.
What we need to do in the coming period is to "patiently hold our positions," which might seem easy but is actually quite difficult to execute. Holding in profit is far harder than holding through months of losses during a Bear Market. And for someone who doesn't fully believe in the upcoming Altcoin Rally, applying this strategy is practically impossible.
I hope you don't consider yourself superior to the market, forget the fact that in this market we are not the hunters, but the prey, don't fall prey to your own greed, and manage to exit the market without giving back the profits you made during the Bull Market, without falling into the Bear Market trap.
I hope that everyone who has put in the effort during this 3-year Bear Market will reap the rewards of their patience.
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