Growth potential cannot be truly appreciated with the log. chart, so I am going to start by showing you the linear chart for Terra Classic (LUNC)...
This shows 1,780%. This is not crazy by cryptocurrency standards but big, really big in any case. Like I always say, even 200% or 300% is really good when you actually win in a trade. Big numbers are something that only a few can actually experience, but I read in some news articles that thousands of people became millionaires through the crypto-market in early 2024.
Let's start with technical analysis.
We are assuming that Terra Classic (LUNCUSDT) and the rest of the cryptocurrency market will produce a new down-leg, this is based on current price action, the indicators, the market cycle, the volume, the sentiment, the trend, the geopolitical situation, the FED policies, and everything else that is available at our disposal. Currently, we have been seeing lower prices since March 2024. This is a classic correction, a strong one, and we also believe that this correction is coming to its end.
The end of the correction will lead to a period of consolidation, sideways action, which we call the "accumulation phase." This accumulation phase will lead to the biggest bull-market in the history of cryptocurrency, 2025/26. This is based on data coming from hundreds and hundreds of charts.
This accumulation phase can last between 3 to 6 months, depending on when you start to count. We are thinking mainly November, December and January. It can go through February/March 2025, it can start in October 2024, it varies according to the project you are looking at and where you start counting, but the portion that will apply to all pairs, most likely (can be wrong), is between November 2024 and January 2025. This is just a map of course. If things change, we adapt to market conditions easily. This information is based on the data we have gathered so far. This is based on the market as it is now.
➖ Let's say that prices move lower than expected... Nothing happens, a bullish phase/wave/cycle follows next.
➖ Let's say prices recover faster than expected... Nothing bad happens, a bullish phase/wave/cycle follows next.
What cannot be argued is the fact that we are in a bearish wave now and after a bearish wave comes a bullish wave.
Since we are coming out of the initial bullish breakout of 2023, and a strong higher low, we can expect a higher high in 2025 and that's one of the signals that points toward a bull-market next year. Which isn't that much really. The clear signal relates to Bitcoin and the halving.
The Bitcoin halving event happened this year, after the halving, there is always a new ATH the year after.
Bitcoin also produces a bull-market every four years. Bitcoin is the cryptocurrency market, the cryptocurrency market is Bitcoin.
The fact that Bitcoin has been bearish for almost six months and is about to hit bottom also supports a bullish market next year; it can't go down forever. When Bitcoin goes bullish, everything goes bullish and thus Terra Classic will also grow.
We also have the presidential elections in the United States of America, and the market is always bullish after this event.
We have to prepare... Our strategy is trying to accumulate as much as possible thinking of the long-term. We call it "buy and hold." Let the market take care of the rest.
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