What are the reasons for the alkaline season in November?
Since the mid-2000s, many phones have experienced a sharp decline due to the widespread shipping process in the expanded market. However, traders believe that many indicators believe that now consciences will form a stabilization zone and they can prepare for a short regrouping in November.
What are these symptoms? The following analysis results in detail.
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Can O'Connells recover what they lost in October?
At the end of October, the market's fear and greed index stood at 29, indicating fear of the unknown. This alsis lasted for three consecutive weeks after the liquidation event on October 11.
Fears have caused investors to move. On the positive side, most phones now offer a new low-end stable price.
Evidence supports this view. Based on BLALCCOIN CRCR – the 10th CRCR of BLALCCOIN compared to Bitfcoin
However, this chart has now turned into a “stabilization” level, indicating that prices are starting to diverge in a stable region.
WIF/ASD is used as a representative example, showing a reaction that is closely related to the peaceful trend.
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If the confirmation zone is held as a support, it will not be a short-term pressure, but it will help us to release the alt time, but to release the thickness of the power.
With this careful sound, altcinin cartor al1.0. But other analysts are more optimistic, characterized by strong conflict are the chances of continuing the era of real phones.
Some analysts expect the Altcoin season in November
Using the same others / using a bitmap chart, Michael van de Poppe – founder of MN Money and a macroeconomic analyst – gives a stronger view. Called one of the best charts in the market today.
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According to Van Deppe, they have been added to levels related to previous market volumes such as Q4 2016 and Q1 20120 and Q1 2020.
Major rallies follow both historical periods. In the year In 2017, the market experienced an explosive Alcon season when the market Welrem and other al volcms numbered hundreds. In the year In 2020-2021, a full-scale bull run will take place after the outbreak.
Meanwhile, the analyst Jovan Marcos is the RSI indicator of the percentage of “other dominance” that measures the percentage of the total “10 dominant”.
Signals indicated that for the first time in history, other people have entered the extreme zone – – a deeper level of Odfoddld than re-registered on the monthly RSI.
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“When a market is overpriced, the price is very good.” That price is tired, and it can be high or close to falling.
A famous analysis analyst shared the same view, predicting a historical “beautiful stock market”.
As a result, many leading analysts expect a possible recovery in the coming months. Historically, periods of historical compensatory periods usually begin in No. November.
However, the current market sentiment is cautious. Alcak period index is below 50, and fear will continue as the release of reserves between countries began to cut interest rates. This reflects a very different environment compared to previous cycles.
