Two scenarios are in play right now:
1. We are long past the distribution phase—“smart money” has exited, and a “lower high” is forming this week before fear and capitulation set in.
2. We are in the last stage of the bull run, with one more blow-off top expected around $114,000–$120,000.
Either way, if you are long, I suggest taking profits or partially closing margin positions.
The bull run is not over, but the market needs a correction. Spring and summer are likely to be bearish/accumulation phases, with Bitcoin’s final top expected in autumn. The same applies to altcoins—you might not see significant growth until Bitcoin tops toward the end of the year. In all cycles alt season started when BTC.D was already going down BTC made a blow of top and then alt-coins made their run. Rotation of money needs to happen.
None of the cycle peak indicators have turned green yet, so I’m confident we will see another Bitcoin top, but it might not happen right now.
Take a close look at your portfolio and assess how you can profit before either of these two scenarios plays out. Avoid FOMO—it could end very badly.
Stay safe!
Not financial advice ;)
1. We are long past the distribution phase—“smart money” has exited, and a “lower high” is forming this week before fear and capitulation set in.
2. We are in the last stage of the bull run, with one more blow-off top expected around $114,000–$120,000.
Either way, if you are long, I suggest taking profits or partially closing margin positions.
The bull run is not over, but the market needs a correction. Spring and summer are likely to be bearish/accumulation phases, with Bitcoin’s final top expected in autumn. The same applies to altcoins—you might not see significant growth until Bitcoin tops toward the end of the year. In all cycles alt season started when BTC.D was already going down BTC made a blow of top and then alt-coins made their run. Rotation of money needs to happen.
None of the cycle peak indicators have turned green yet, so I’m confident we will see another Bitcoin top, but it might not happen right now.
Take a close look at your portfolio and assess how you can profit before either of these two scenarios plays out. Avoid FOMO—it could end very badly.
Stay safe!
Not financial advice ;)
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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.
Disclaimer
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.