$BTC If the final shakeout really happens before entering the coin price push phase which coin should we pay attention to in the current period?
Let's look back at the BTC price push cycle from August to December 2023, when BTC was in the phase of shaking off individual investors (August 2023), there was a coin that went up x3 from the support zone and then increased more than 60 times from the accumulation zone to become the coin with the highest price increase when listed on Binance in 2023, that was the coin TRB.
Regarding the fundamentals, the intrinsic and potential of TRB coin as well as other coins in the defi ecosystem are almost all good.
But in this price market, the basic law for a coin to increase or decrease in price according to the WICKOFF school is the law of supply and demand, the law of cause and effect and the law of successful effort.
And at this stage when BTC is abandoning individual investors (August 2023), almost all basic information, no matter how good, the market is very gloomy, most investors are discouraged and panic after the strong drops during the long-term accumulation process of BTC (5 months) similar to the current stage. However, in the period of September 2023, TRB coin has begun to converge all the factors of the law of supply and demand (demand overwhelmed supply, causing the price to triple from the accumulation zone from price 9 to 28), the law of cause and effect (accumulating for 4 months before entering the price pushing phase), the law of successful effort (the organization in the late August 2023 period began to make efforts to break the resistance of price zone 14 and push it straight to price zone 28 within nearly 2 weeks). From there, when BTC started to gradually increase, TRB began to have a continuous dizzying price increase from price zone 29 to 615 within 3 months regardless of whether BTC was pushing the price or was in the re-accumulation phase.
So in the current phase, if BTC really enters the final phase of abandoning individual investors (phase C according to Wickoff), which coin will meet all 3 of the above rules? That is the coin $AAVE in this phase, it almost has all 3 basic factors for a coin to enter a crazy price increase phase similar to TRB in phase 2023.
The first is the law of supply and demand: organizations start to put in demand, causing the price to increase by more than 50% from the accumulation zone with a large increasing cash flow at the price resistance zone of 126.
The second is about the law of cause and effect: AAVE has had an organizational accumulation process from November 2023 to September 2024 and during the organization's accumulation process, it has left traces of accumulation, abandonment, and full cash flow mobilization like phases A, B, C, D according to WICKOFF within 10 months (twice the TRB of phase 2023). That is an extremely big reason why the price of AAVE that we must pay close attention to during this period.
Third, about the law of successful effort: currently AAVE has not fully met this law and is in the BU phase of phase D, which is the final supply and demand test phase before entering the main price push cycle. However, AAVE is currently in the cash flow mobilization phase (phase D) stronger than BTC, which is in the final abandonment phase (phase C), similar to TRB in the 2023 period, when BTC is in phase C, TRB is in phase E (price push).
If this successful effort rule is indeed confirmed, AAVE will enter phase E similar to TRB in 2023, which will be the strongest bright spot in late 2024.
If in the next period, AAVE still cannot enter the price push phase (phase E), then most of the coins in this market will fluctuate and accumulate according to BTC or even riskier, the price will decrease.
And in the coming days, if BTC really confirms the final rejection zone and starts to go up and AAVE price also starts to go up with BTC and breaks the resistance zone of 147 with a sudden increase in volume, then you can start to buy AAVE spot to hold 2-3 with the profit increased by many times!
With the mindset of 3 rules for a coin to increase in price, I would like to leave TRX coin (stronger than AAVE) for you to consider and practice the above 3 mindsets! Wish you success and luck in finding the coin with the strongest price increase in the last 3 months of 2024!
As for the cases of buying at the bottom and investing in the long term, I will not argue which coin will increase the most in the last 3 months of 2024 here because each person has a different method and I am the one who follows the method of playing at the stage of pushing the price of a coin to make the fastest price difference in the shortest time according to the WICKOFF method.
