Polka Dot (DOTUSD) is looking strong on the chart as it is forming a rounding bottom pattern. This pattern is a bullish indicator that signals a reversal of the downtrend. It also implies that the market is now attracting more buyers than sellers.
I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter the market as the price is likely to rise.
If we look at the fear and greed index, most people are quite bearish and they have lost faith in the market. They believe that the market is still going down despite the fact that the worst has already happened last year, which was the Luna and FTX crash.
Next year is going to be the worst, especially if interest rates start getting cut. That's when the financial collapse will begin. The Ponzi schemes will all end at that point.
Good call. So it went bullish and the big crash will be another year away. Or will it? The question is, how much gas is left in this run? I think a lot of people got shaken out the last couple of weeks, by design. Now, the majority expect corrections after nice moves up. So you know what that means. We'll see.
For the record, I never exited anything. I know how emotions and negativity can backfire. October was horrible, and had I quit, would have been a terrible choice as we see now.
CryptoSlazy
⋅
@ArtfulDodger1974, i think we will see slight crash after halving.. 30-40% retracement is on the way if you could ride that you will be in the good profit. do not fomo.
we will see all time high in 2025 in Q1 :) probably.
ArtfulDodger1974
⋅
My plan is to do nothing at this time. Not buying, not selling. Sell orders are in place. Then I'll sell, IF targets are hit. I see today again how easily people are scared out, over inflation data? We saw this last year and all it did was create buying opportunities. Never ceases to amaze the herd mentality. That's why only 10% succeed at this.