According to my analysis, most likely bitcoin and altcoins have entered the crypto winter phase. crypto winter can be defined as a period in which the prices of all cryptocurrencies drop drastically below the normal bullish trend values. Generally, during the winter period the market as a whole collapses and will not recover for a long period of time.
So bitcoin will have a hard time breaking through the 50k-55k area in the next few months or even a year, and maybe it can be broken when BITCOIN HALVING 2024. In my opinion, the bitcoin halving will start in early March 2024 and last until January 2025, with an early sign of btc past 55k-60k.
Can crypto winter end quickly???? CAN, AS long as BITCOIN is able to break through $53,000 (AREA CONFIRMATION) in the next few weeks, and stay above 50k. But it must be very difficult, because considering the high level of world inflation, the results of THE FED meeting at the FOMC which will continue to raise interest rates up to 100 bps, the issue of world war 3, rising world oil prices (OIL) which is used as an inflation hedge asset, and extreme fear. on volatility assets.
So my advice, you should do 3 things:
1. do a small accumulation on BITCOIN or ETHEREUM every month until bitcoin halving 2024 using cold money. 2. Make quick trades with a profit target of 1-2% on a regular basis with sufficient capital. 3. And if there is a coin/token asset that you have saved and you have lost more than 50%, you should sell it but pair it to btc / eth / bnb. because the price of altcoins can drop even more in the future.
The choice is yours, thank you.
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DALAM BAHASA INDONESIA :
Menurut analisa saya, kemungkinan besar bitcoin dan altcoin sudah masuk fase crypto winter. crypto winter dapat didefinisikan sebagai sebuah periode di mana harga seluruh cryptocurrency turun drastis di bawah nilai tren bullish normal. Umumnya, ketika terjadi periode periode winter pasar secara keseluruhan runtuh dan tidak akan pulih untuk jangka waktu yang lama.
Jadi bitcoin akan kesulitan menembus daerah 50k-55k dalam beberapa bulan kedepan bahkan setahun kedepan, dan mungkin bisa tertembus ketika BITCOIN HALVING 2024. menurut saya, bitcoin halving akan mulai terjadi di awal maret 2024 dan berlangsung hingga januari 2025, dengan tanda awal btc melewati 55k-60k.
Apakah crypto winter bisa berakhir cepat ???? BISA, ASAL BITCOIN MAMPU MENEMBUS $53.000 (KONFIRMASI AREA) dalam beberapa minggu kedepan, dan bertahan di atas 50k. Tetapi itu pasti sangat sulit, karena melihat tingginya tingkat inflansi dunia, hasil rapat THE FED pada FOMC yang akan terus menaikkan bunga hingga 100 Bps, isu perang dunia 3, meningkatnya harga minyak dunia ( OIL ) yang dijadikan sebagai inflation hedge asset, dan extreme fear pada aset-aset votaliti.
Jadi saran saya, sebaiknya saudara-saudara melakukan 2 hal :
1. lakukan akumulasi kecil-kecilan pada BITCOIN ataupun ETHEREUM setiap bulannya hingga bitcoin halving 2024 dengan menggunakan uang dingin. 2. Lakukan trading cepat dengan target profit 1-2% secara rutin dengan modal yang cukup. 3. Dan jika ada aset coin/token yang saudara simpan dan sudah rugi lebih 50%, sebaiknya jual tetapi pairing ke btc / eth / bnb. karena harga altcoin bisa lebih drop kedepannya.
I'm not understanding your HH, HL, etc. labels. They aren't appropriate according to the market structure.
There is a high in Dec 2017 followed by a low in Dec 2018. Then we have a higher high (HH) in April 21 and higher low (HL) in June 2021. That's followed by another HH in Nov 2021. For now, we may be seeing a HL in Jan 2022. But we will not know for sure until price breaks out above the HH in Nov 21 (the ATH). Only then will the Jan 2022 low be considered a HL. If price breaks down below June 2021, however, then the market structure would change and print a new low. So, in that scenario, the ATH would be labeled a high and then we would repeat the process with a low followed by lower highs (LH) and lower lows (LL) instead as price declines
There is a high in Dec 2017 followed by a low in Dec 2018. Then we have a higher high (HH) in April 21 and higher low (HL) in June 2021. That's followed by another HH in Nov 2021. For now, we may be seeing a HL in Jan 2022. But we will not know for sure until price breaks out above the HH in Nov 21 (the ATH). Only then will the Jan 2022 low be considered a HL. If price breaks down below June 2021, however, then the market structure would change and print a new low. So, in that scenario, the ATH would be labeled a high and then we would repeat the process with a low followed by lower highs (LH) and lower lows (LL) instead as price declines
Hope this helps.