Right now I am going to describe the conditions for LINKUSDT and the same analysis that is true for this pair is also true for most of the Altcoins market. The market is one.
Chainlink (LINKUSDT) produced a rising-wave in late 2024 and later a correction. This is also true for the rest of the Altcoins market. The correction is coming to an end producing a higher low compared to August 2024.
In mid-2024 (left side of the chart), we can see how a down-wave leads to a sideways market. This is the main condition that is now sure to develop. The sideways market of course is the period of accumulation, where the bulls accumulate strong in order to produce a new series of bullish waves. We know the next move is bullish because of the long-term higher low. The low in early 2025 is higher than the low in mid-2024.
This can be described as a simple 1,2,3 steps pattern.
1) The decline. This decline can be strong, long or short, steep or soft. Allow for wide variations across the market.
2) Sideways. This is the period where buyers accumulate at low prices before the next cycle starts.
3) The bullish wave. In this case, the next bullish wave is actually the 2025 bull-market. So instead of a simple bullish wave we will see massive growth ending with a bull-run phase in late 2025.
Ok. Present day. We have the decline which started in mid-December 2024. This decline is leading to step #2 which is the sideways action. Out of this sideways (consolidation channel) we will see a new bull-market develop.
Simple? Buy and hold.
Good things will happen to those that decide to buy Crypto. Great things coming for those who decide to follow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.