We are #BULLISHAF2024 WIth the recent merger "news", this is definitely an important one for the AI blockchain space I had targets for ICP that played out the news came after the fact and seeing it pamp past cpl days, its interesting how the news headlines show up at key moments instead of when its consolidating at the lows
Regardless, its not a sell signal, can easily continue pamping IF we drop, were looking for similar patterns to play out with target range $4-$8 before start new leg and next phase of #BullRun2024 The next phase is where we can anticiapted BTC.dom becoming weaker as alts start taking over You SHOULD want THIS drop esp if you are bullish
We wait, pattern and chart tells me to favor the move First big drop always get nice bounce (great to re-accumulate/take small quick fast profits) 2nd big drop favors the local bottom target range (great to start re-accumulation) before the bottom is completed. Then we wait for higher lows breakout & retest to go LONG Should take few weeks. We wait.
just wait for end of the bull run, It is too early to say this, if this drops then other altcoins also must drop
CryptoHolix
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@GetPHP, bro end of bullrun? thats like over a year away, were talking bout a simple correction aka the final shakeout b4 next move up. no its not early at all, it is perfectly normal that alts take -60% and -80% dumps handful of times in the bullrun. we've yet to see the first big one since 2023 low. so no, its not early at all, its preparing very soon...it will invite LOTS of fresh NEW money into markets.... this is the whole logic, a -30% btc drop equates to -60% to -80% in most alts esp with BTC.dom this strong. its still btc season, not alt season. alt season will start in next phase of bull only after the first big shakeout.
CryptoHolix
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@GetPHP, u should study your fav alt coin charts from 2019-2021 bull run and measure the big moves to see just how many times and how big the drops were each time. ALT season only started in jan 2021 after btc smashed ATH n then dumped, thats when alts took over for remained of cycle. we should anticipate similar expect this cycle isnt like 2019-2021, its more like 2015-2017 hence the chart above showing break of previous ATH few times proceeded by -32% drop. should anticipate something similar. "patterns tend to repeat"