What About The Bitcoin—Altcoins Correction?
2024-11-22

Yes! ... Good morning my fellow Cryptocurrency trader, this is an amazing Friday. Life is good and the Cryptocurrency market continues to grow and evolve. Good news developing all around. The stars are aligning for maximum growth in 2025 and beyond.

Maximum growth in 2025 but, what about the correction, is it true?
Can it happen? What to do, what to expect?

Yes, it is true... It can happen. But it is not about a correction happening or not happening, it is about how each of us engages individually the market —a correction scenario.

The first thing to consider is that any correction would be a short-term development. If one goes too deep into guessing or predicting a correction, the bigger picture can be missed. You can buy all your favorite Altcoins and hold strong. If a correction comes it will last a few days, a few weeks, in the worst case possible a few months; and up we go go.

Bitcoin is already producing maximum growth, but the broader, marketwide bull-market is set to unravel all throughout 2025 and beyond. Knowing this, we focus on the bullish side; we focus on spot and LONG.

Any drops, retraces and corrections are an amazing opportunity to buy into your favorite pairs. When the market turns down and red, that's the best time to buy.

If you see panic or the bears gaining momentum and maximum bearish force, remain calm and relaxed because you know this is only temporary and the bigger picture is up. Still, stay away from those trading high or near resistance, feel free to jump with confidence on those trading low.


➖  Summary 

It is true, a correction can happen any day, but any correction would be short-lived, a great buy opportunity; focus on the long-term.

If process drop strongly, two options mainly for us open up:

1) Wait patiently, there is no harm in waiting a few weeks for green again.
2) Prepare capital to buy at support on all your favorite pairs.

There are thousands and thousands of trading pairs. The market is mixed right now and this will be the norm from now on. This is because of the size of the market. Some are down while others are growing. The projects take turn. One week a group is growing while another group is retracing or consolidating. The growth can extended for 2-3 weeks. Then this group stalls, goes sideways or retraces and a new group starts to move, and it repeats.

Since this dynamic will be true endlessly, our job is to have a plan and trade smart. The way to achieve the highest level of success is by buying low and waiting long.

If you see a 10%, 20% drop on the Altcoin you just bought, you might become scared or anxious if you are thinking of tomorrow, or today. But, if you are thinking of six months into the future, you know this drop is an easy wait. What difference would it make once prices are back up?

I showed you many pairs were 5-6 months of bearish action were deleted in a matter of days. And then when in the green, growth long-term.

If you made a mistake with the entry, say, buying at the wrong time; nothing can be done. Mistakes have a price, we learn from them and move on.

Either take the loss and move on or wait long-term.

If you are trading leverage and make a mistake, there is a huge price to pay. But leverage is high risk and this is normal, there is no reason to blame anybody for a losing trade. That's the game. Some we win, some we lose.

No leverage, no margin = very little risk.
High leverage = higher potential for profits but with maximum risk.

We are all adults.

I am here for you long-term, and I appreciate your continued support.

Namaste.