Economic Cycles
GANN TRADING LESSON: TIME IS MORE IMPORTANT THAN PRICEGANN TRADING LESSON: TIME IS MORE IMPORTANT THAN PRICE – THE CORE OF W.D. GANN’S METHODOLOGY
William Delbert Gann, one of the most enigmatic figures in trading history, built his legendary status on a profound understanding of market movements. Among his many revolutionary insights, none resonate more than his assertion: “TIME is more important than PRICE.” Gann's studies reveal that markets are governed by cyclical laws where TIME dictates market behavior, and PRICE merely reflects the outcomes.
This article delves deeply into Gann’s philosophy, integrating examples, methodologies, and references from his works, to illuminate why mastering TIME can give traders a significant edge.
Understanding the Superiority of TIME in Trading
1. The Foundation of Gann’s Philosophy:
- In his book “The Tunnel Thru the Air”, Gann states, “The future is but a repetition of the past; cycles can be studied and predicted with mathematical precision.”
- This emphasizes that TIME controls market events. Price, on the other hand, is secondary—a mere result of the unfolding TIME cycles.
2. Why TIME is More Important Than PRICE:
- PRICE is Reactive: Price changes happen as a result of events, but those events themselves are determined by TIME cycles. Without the correct timing, price predictions are speculative at best.
- TIME is Predictive: Understanding TIME cycles allows traders to foresee when significant price movements are likely to occur, providing a roadmap for market behavior.
3. The Illusion of PRICE:
- Traders often fall into the trap of chasing prices—buying highs or selling lows—without realizing that markets move within predetermined TIME windows. Gann showed that price breakouts or breakdowns are unsustainable if they occur outside critical TIME cycles.
Key Concepts from Gann’s Methodology on TIME
1. The Law of Vibration: Gann believed that every market has its unique vibration, influenced by TIME cycles. In “The Law of Vibration”, Gann explains that market movements align with natural and cosmic vibrations, which repeat over TIME.
2. Cyclicality of Markets: Markets move in cycles determined by TIME. Gann’s studies revealed major cycles such as:
- The 20-Year Cycle: Markets often exhibit significant highs or lows every 20 years.
- The 60-Year Cycle: This aligns with major economic booms and depressions.
- Planetary Cycles: Gann tied TIME cycles to planetary movements, including the 11.86-year Jupiter cycle and Saturn’s 29.5-year orbit.
3.The Square of Nine and TIME Projections: Gann’s Square of Nine is one of his most famous tools. While often used to predict price levels, it is equally powerful for determining TIME turning points.
Example: The Square of Nine can map out important dates when markets are likely to reverse, based on the angle of price and TIME.
4. Geometry in TIME: In “The Geometry of Stock Market Profits”, Gann emphasized the relationship between price and TIME through angles. A 1x1 angle (45 degrees) represents the ideal balance between price and TIME. Any deviation from this angle signals acceleration or deceleration in the trend.
5. Astrological Influence on TIME: Gann’s work integrates astrology to predict TIME cycles. He studied planetary aspects, transits, and lunar phases to determine when markets would experience significant changes.
Example: Gann highlighted the importance of eclipses, retrogrades, and planetary conjunctions in marking market highs and lows.
Practical Applications of TIME in Trading
1. Time-Price Symmetry: Gann believed that price movements often mirror TIME durations.
Example: If a market drops 100 points over 10 days, it is likely to recover 100 points over a similar TIME interval.
2. Repetition of Historical Cycles:
Gann showed that the 1929 crash followed a similar TIME pattern to earlier financial crises. By studying historical TIME intervals, traders can predict future market events.
Timing Highs and Lows:
3. Use Fibonacci TIME zones to identify when markets are likely to peak or bottom. Combine this with Gann’s techniques, such as using the Square of Nine, for precise predictions.
Seasonality and TIME Cycles:
4. Markets are influenced by seasonal and cyclical TIME patterns. Gann demonstrated that major market reversals often coincide with solstices, equinoxes, and other seasonal turning points.
Examples of TIME’s Importance in Gann’s Predictions
1. The 1929 Stock Market Crash: Gann predicted the crash using TIME cycles, noting that it occurred 60 years after the Panic of 1869 and 30 years after the 1899 bear market.
2. The 1987 Crash: Gann’s methods, when applied to long-term TIME cycles, also align with the 1987 crash. It occurred exactly 58 years after the 1929 collapse, reflecting the repetitive nature of TIME cycles.
The Interplay Between TIME and PRICE
While PRICE is easier to track and analyze, Gann believed that the greatest trading success comes from aligning PRICE movements with TIME predictions. He illustrated this in his “Master Forecasting Course”, where he taught students to:
- Map out major TIME cycles.
- Identify the angles and relationships between TIME and PRICE.
- Use TIME as a framework to validate PRICE movements.
Steps to Master Gann’s TIME Methodology
Study Historical Cycles:
- Identify significant market events and analyze the TIME intervals between them.
Use Tools Like the Square of Nine:
- Plot critical TIME intervals to predict market reversals.
Combine TIME Analysis with Price Patterns:
- Validate price movements with TIME projections to confirm trends or reversals.
Incorporate Natural and Planetary Cycles:
- Use planetary ephemerides and lunar calendars to enhance TIME forecasts.
Conclusion: Why TIME is the Ultimate Edge
Gann’s timeless wisdom teaches us that focusing solely on PRICE is like chasing shadows. TIME is the true master, dictating when markets turn, rally, or crash. By mastering TIME, traders can move from being reactive to predictive, seizing opportunities before they manifest.
As Gann said, “When TIME is up, price will reverse.” This simple yet profound truth encapsulates the essence of his methodology. Focus on TIME, and the illusion of PRICE will reveal its secrets.
Join the Discussion:
Do you agree with Gann that TIME is the most critical factor in trading? Share your thoughts and experiences below!
The Road Map to 50K ETHI believe Ethereum will be the tokenization network of the future and the road map to 50K by 2026 is intact.
Ethereum's development roadmap presents a bullish outlook, emphasizing scalability, sustainability, and security. The shift to Proof-of-Stake (The Merge) reduces energy consumption by 99%, appealing to eco-conscious stakeholders. Upcoming milestones like Danksharding and rollup-centric scaling aim to massively increase transaction throughput while lowering costs, ensuring user adoption. Enhanced security with features like withdrawal credentials and MEV resistance fortify the network. Ethereum's continuous evolution, developer engagement, and dominance as the foundation for DeFi, NFTs, and Web3 applications position it as a cornerstone of the blockchain future. ethereum.org
I still believe Ethereum could surpass bitcoin market cap in the next 10-20 years due to real yield, network volume, and deflationary supply projections. The future is still bright and it's very early.
Scenario BTC 6.12.There are two main scenarios: either the support at 0.786 breaks through and we go for another ATH, or the support holds and we can watch for a possible correction. If that happens, we can test the levels somewhere around the previous low and if the trendline breaks, we can test the levels around 87k, but we are currently waiting for further signals.
Shiba shortterm movement predictionAs matter of fact i believe Shiba can see higher price even more than beside this believe I also certain about the movement of doge before Shiba - which means At first doge will begin its bullish movement something like XRP and after that the second largest meme coin will begin its upward trend for about one month and will meet its new ATH,
So for first step Shiba needs to has large volume trade above 0.0004 where can see it after 30% gain price price price
BITCOIN $250K - Get Ready to Get RichHello everyone!
Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different.
My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase.
Interestingly, the duration of these parabolic phases has been extending with each cycle:
427 days in 2013,
525 days in 2017,
567 days in 2021.
Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025.
I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
SUIUSDT jump
📈 SUIUSDT Trend Analysis 🚀
Looks like SUI just broke through a major resistance level at $1.9740! 🔥 This breakout could signal a bullish continuation 📈, especially if it holds above this level. The next profit targets are marked around $4.4444 and $7.7002 💰 – good spots for traders to consider locking in profits.
📝 Key Tips:
Follow the trend as long as support holds.
Stick to money management rules to protect your gains 🛡️.
Let’s see if SUI can reach those higher levels! 🤑💪
Bitcoin has tested a previous resistance as support Bitcoin has tested a previous resistance line as support here at 97,000 USD.
This has occured at the same time as a short term diagonal support. so things are looking favourable for now. Short term SMAX is sitting nicely at >50, so a good time to add to your SMAX position.
Marco: Mcro remains positive with the post trump confidence, interest rates over their peak with weak data suggesting they will need to continue downward.
Cycle: We are late into the bull cycle with the second half pump on its way, best to maintain position long to ensure we capture it.
Levels: as above, we have confirmed a small previous resistance line as support and with short term smax looing favourable >50%.
Momentum: we are still in a short term bearish momentum, within a overall marco long momentum, I don't expect the short term bearishness to continue much longer.
Currently 5 profitable trades, 0 losses, Follow me on YouTube and X for the history of my trades.
Join me to learn about the SMAX trading approach!
Alt Season is Right Around the CornerBitcoin dominance has been growing in the past few days as it outperforms the rest of the cryptocurrency market after the sharp drop last week. Many things are pointing towards Bitcoin continuing to outperform in the short term as we gear up for the next parabolic bull market.
However, alt season is very close and, once BTC confirms it's breakout towards 100k, a lot of the large caps like Ethereum and Solana will begin to go up very quickly. This is based on my cyclical analysis of alt seasons. To get a better idea of the cyclicality of cryptocurrency, Bitcoin, and alt seasons, check out my previous post which predicts the next parabolic rise in November:
An important thing to note when referring to alt seasons is that they don't last long (only a few months). So understand your timeframe when investing over the coming weeks. Another important idea is how money tends to flow during this period. It historically starts with Bitcoin breaking its all time high and beginning to rise. During this time, altcoins tend to underperform. But once BTC consolidates and begins to go sideways, that's when the rest of the market has time to catch up. In the chart I show 4 key points:
Bitcoin
This is when BTC makes a significant breakout whether that's from a significant resistance level or its ATH. This is where BTC is outperforming 99% of the market.
Ethereum & Large Caps
BTC will begin to slow down and a lot of the major altcoins will see a big increase. This is where you can find great trade setups on the BTC pairs like ETHBTC, SOLBTC, etc.
BTC Consolidates
BTC will start to go sideways, cooling off and preparing for its next rise. From here you might see some pumps in mid-low caps. These tend to be volatile and hard to predict.
Small caps - Quick and fast
As BTC continues to go sideways, some small caps might experience quick pumps in price. Similarly, these tend to be even more volatile and hard to predict.
After this, the pattern repeats back up to Bitcoin until we reach a peak and begin a new bear market.
The cryptocurrency bull market is brewing up and alt season can offer some incredibly profitable opportunities. Plan ahead, and don't overtrade.
previous cycle - ETH vs BTC.D vs BTCBitcoin has just done the biggest dump today! from 104k to 96k. I just went through the past..
Left: ETH
Center: BTC.D (dominance)
Right: BTC
Here we have clear visibility of the rotation of funds from BTC to ETH.
We can see that on the previous cycle, after the first temporary top of Bitcoin (65k), with a bad candle closure, the dominance continued fall in down and for 2-3 weeks after, ETH registered a +70% , despite to BTC.
Hope that this could help you to stay on your ALTS plan and to don't care about the FUD you're feeling with these movements.
EOS/USD Main trend. ChannelMain trend. logarithmic graph. Time frame 1 month. Channel. Secondary trends in market cycles.
Mirror zone of resistance. Future fractal.
Coinmarketcap : EOS
This time frame is for understanding the direction of the trend and where the area for trading is now. Such a time frame gives an understanding of where the zones are expensive/cheap (accumulation/distribution).
Chart of the Bitfinex exchange (closely related to the coin) with the longest history of trading, it began the first trading of EOS after the ICO in 2017.
The same parameters, but on a line chart.
BTC | BITCOIN ATH | ALTSEASON A comprehensive analysis today on my take regarding Bitcoin , BTC All time High, and for how long we can still expect to see altseason.
When I say altseason, what I am referring to is hard pumps and large increases, scattered across the altcoin market.
In the previous BTC update, I considered an ATH between 99k and 105k. More on that here :
Today's main "concern" is really whether or not the alt-rallies are finished - and I say, not yet .
___________________
BINANCE:BTCUSD CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
Predicting Avalanche (AVAX) Prices Using BTC/AVAX Ratio 1. Key BTC/AVAX Ratios:
900 BTC/AVAX Ratio:
This ratio implies that Bitcoin’s price is 900 times Avalanche’s price.
For Bitcoin at $160,000, AVAX is predicted to range around $180.
For Bitcoin at $200,000, AVAX is predicted to range around $220.
400 BTC/AVAX Ratio:
This ratio suggests that Bitcoin’s price is 400 times Avalanche’s price, indicating significant relative strength for AVAX.
For Bitcoin at $160,000, AVAX is predicted to range around $400.
For Bitcoin at $200,000, AVAX is predicted to range around $500.
2. Support and Reversal Zones:
Early Reversal at 900 BTC/AVAX Ratio:
Historical patterns suggest that the 900 BTC/AVAX ratio represents an early reversal zone for AVAX, signaling the start of upward momentum relative to Bitcoin.
Strong Reversal at 400 BTC/AVAX Ratio:
At the 400 BTC/AVAX ratio, AVAX shows strong relative performance, likely signaling a strong reversal zone, where AVAX significantly appreciates in USD terms.
3. AVAX Price Dynamics:
BTC Bull Market Scenario:
If Bitcoin achieves $160,000–$200,000, AVAX’s price depends on its performance relative to BTC:
At the 900 BTC/AVAX ratio, AVAX could rise to $180–$220 as it begins its upward trend.
At the 400 BTC/AVAX ratio, AVAX could surge to $400–$500, demonstrating stronger performance relative to BTC.
Market Sentiment and Ecosystem Development:
AVAX’s ability to reach the lower BTC/AVAX ratio levels will depend on its ecosystem adoption, development progress, and overall market conditions.
4. Assumptions for the Prediction:
Bitcoin reaches a price range of $160,000 to $200,000 during a bullish market phase.
Avalanche’s price is modeled as a function of Bitcoin’s price and the BTC/AVAX ratio, reflecting its relative valuation and performance.
US government scared traders, but investors aren't afraidHello,
The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone.
Regards,
Ely
Cardano (ADA) Prices Prediction Using BTC/ADA Ratio 1. Key BTC/ADA Ratios:
40,000 BTC/ADA Ratio:
This ratio implies that Bitcoin's price is 40,000 times Cardano's price.
For Bitcoin at $160,000, ADA is predicted to range around $4.
For Bitcoin at $200,000, ADA is predicted to range around $5.
20,000 BTC/ADA Ratio:
This ratio indicates that Bitcoin's price is 20,000 times Cardano's price.
For Bitcoin at $160,000, ADA could reach $8.
For Bitcoin at $200,000, ADA could rise to $10.
2. Support and Reversal Zones:
Early Reversal at 40,000 BTC/ADA Ratio:
Around the 40,000 BTC/ADA ratio, historical patterns suggest this level often triggers an early reversal, indicating a potential upward movement for ADA relative to BTC.
Strong Reversal at 20,000 BTC/ADA Ratio:
At the 20,000 BTC/ADA ratio, a strong reversal is most likely, where ADA significantly outperforms Bitcoin, potentially leading to higher ADA prices in USD terms.
3. ADA Price Dynamics:
BTC Bull Market Scenario:
If Bitcoin achieves $160,000–$200,000, ADA’s price will depend on its relative strength:
At a 40,000 BTC/ADA ratio, ADA could experience an early reversal, gaining momentum for further price appreciation.
At a 20,000 BTC/ADA ratio, ADA could experience a strong rally, reaching prices in the $8–$10 range.
Market Sentiment and Momentum:
ADA’s ability to approach and reverse at these levels depends on Cardano’s ecosystem developments, adoption, and overall market conditions.
4. Assumptions for the Prediction:
Bitcoin reaches a price range of $160,000 to $200,000 during a bullish market phase.
Cardano’s price is modeled as a function of BTC’s price and the BTC/ADA ratio, reflecting relative valuation and market dynamics.
This approach highlights Cardano's potential price trajectory, factoring in Bitcoin’s expected growth and BTC/ADA ratio trends. The early and strong reversal levels provide actionable insights for traders and investors tracking ADA's performance relative to Bitcoin.
Predicting Ethereum Classic (ETC) Prices Using ETH/ETC Ratios Key ETH/ETC Ratios:
50 ETH/ETC Ratio: This ratio implies that Ethereum's price is 50 times Ethereum Classic's price.
For ETH at $10,000, ETC is expected to reach $200.
For ETH at $15,000, ETC is expected to reach $300.
40 ETH/ETC Ratio: This scenario indicates stronger relative performance of ETC, where Ethereum's price is 40 times ETC's price.
For ETH at $10,000, ETC could reach $250.
For ETH at $15,000, ETC could reach $375.
Price Levels Derived from Ratios:
The chart identifies historical resistance and support levels for the ETH/ETC ratio, suggesting potential turning points for ETC's valuation relative to ETH.
Key Support and Resistance Zones:
The ETH/ETC ratio around 50 represents a significant historical level, implying consolidation or resistance.
A lower ratio (e.g., 40) suggests ETC is gaining strength relative to ETH, potentially breaking out to higher price levels.
ETC Price Prediction Dynamics:
ETH Bull Market Scenario: If Ethereum achieves $10,000–$15,000, ETC’s price depends on its performance relative to ETH:
At a 50 ETH/ETC ratio, ETC could consolidate in the $200–$300 range.
At a 40 ETH/ETC ratio, ETC could rally higher to the $250–$375 range.
The predictions align with the chart's historical patterns, where ETC tends to follow ETH's trend but can gain relatively stronger momentum in specific market conditions.
Market Implications:
ETH Dominance: Ethereum's price trajectory heavily influences ETC. The ETH/ETC ratio reflects not only market sentiment for Ethereum Classic but also its relative adoption and performance.
Support Levels: The long-term ascending trendline on the chart suggests ETC is in a broader uptrend, with support around 50 and a potential breakout toward 40 in a strong bull market.
This predictive approach ties Ethereum Classic's price directly to Ethereum's expected performance, leveraging ETH/ETC ratios as critical indicators for market dynamics and valuation shifts.
Predicting Dogecoin Prices Based on BTC/DOGE Ratio: Key LevelsKey Ratios for BTC/DOGE:
130,000 BTC/DOGE Ratio:
This indicates that Bitcoin's price would be 130,000 times Dogecoin's price. For example, if Bitcoin reaches $160,000–$200,000, Dogecoin's price is predicted to be $1.23–$1.54.
80,000 BTC/DOGE Ratio:
Here, Bitcoin's price is 80,000 times Dogecoin's price. For the same Bitcoin range ($160,000–$200,000), Dogecoin's price is expected to be $2.00–$2.50.
Price Levels Derived from BTC/DOGE Ratio:
The DOGE price at these ratios depends directly on Bitcoin's USD value:
At a 130,000 BTC/DOGE ratio:
If BTC = $160,000 → DOGE = $1.23.
If BTC = $200,000 → DOGE = $1.54.
At an 80,000 BTC/DOGE ratio:
If BTC = $160,000 → DOGE = $2.00.
If BTC = $200,000 → DOGE = $2.50.
Support Zones for the Ratio:
The chart suggests that 130,000 and 80,000 BTC/DOGE ratios are critical levels where historical price reversals or consolidations have occurred. These levels act as potential support zones, indicating areas where DOGE might gain strength relative to BTC.
DOGE Prediction Logic:
If Bitcoin continues a bullish run toward $160,000–$200,000, Dogecoin's price will depend on how the BTC/DOGE ratio moves.
At 80,000, DOGE could achieve a higher price relative to Bitcoin, assuming DOGE gains significant market momentum or BTC consolidates.
Market Dynamics and Assumptions:
BTC Bull Market: Your prediction is contingent on BTC reaching $160,000–$200,000. If BTC does not hit this range, the DOGE price targets may not align with the predicted ratios.
DOGE Strength: The movement between these ratios assumes DOGE will gain value either through its own momentum or through BTC’s price rise.
BTC/USD Halving 518 When will be the cycle price low and high.Main trend. Time frame 1 month.
This idea is almost a clone (in meaning, not visualization) of my previous idea published 1.3 years ago:
BTC/USD Secondary trend cycles and halvings.
For great visualization and clarity I added leap years (pre-pump, pre-distribution), this applies to all markets, not just the “young” cryptocurrency market... That is, after it, just the price is in the zone of distribution (sales), which is identical with the price highs of the secondary trend.
Bitcoin cycle 4 years:
Year 1 - birth of a new bullish trend (leap year).
By the way the next year 2024 is exactly like that. But, read carefully to understand the point.
For some time the price moves sideways or with a small rise.
Positive/negative alternates. Negative dominates.
There is no interest in the crypto market. The traffic of stupid money is minimal.
The volatility of the price of instruments is usually minimal.
This phase of the market is also called "participation" (more relevant to the second part).
In the final phase—active movement to the distribution zone (the zone of sales by large market participants—small).
In a given year (or near this time zone in the previous year), there is typically a second dump (second price low) with more aggressive dynamics by a large %.
Dump -60.66% 03 2020.
On the chart as an example of past dump at -60.66% (magnet) at the start of Corona 03 2020 (taking advantage of the world situation) before pumping the market in the future. Always keep this kind of thing in mind and be prepared for it, even if you are sure it is unlikely. Observe mani management.
Training idea/work 02 2020:
Trading by trends and important areas using the example of BTC
Something like a big triangle like 2020 is forming now.
BTC/USD Main trend (3 years) Channels Triangle 09 2023
Altcoins in this time zone cycle .
Altcoins tend to be in their accumulation channels. Alternately, from time to time, some are “firing” (usually of lower liquidity). Some produce “takeouts” under the dial zones.
The essence of this time zone for alts is to gain as much as possible % of positions from the market. The price is not important (the average price of a set is taken into account), alts typically follow the general market trend, which is logical and tactful from the position of long-term prospects of earning in cycles.
Year 2 - Bull Market. Trend price maximum and distribution zone .
Resetting positions by large market participants. That is, the smart money sells to the dumb at the market high.
The 17 weeks post-halving ( 518 days, gematria ) zone of perfect selling in crypto asset allocation. Roughly speaking it's a zone near price highs, at least that's always been the case in past cycles of bitcoin and the crypto market as a projection of it.
Altcoins in this time zone of the cycle.
Inadequate altcoin pumping. Typically, "old" cryptocurrencies are showing 5-10x (+500-1000%) of previous dialing zones. The average profit accumulation/distribution of almost any cryptocurrency is 5-8X, with the range of lows and highs (for hamsters) usually twice as large.
A huge amount of all sorts of crypto speculative garbage "promising cryptocurrencies" and "bitcoin killers" is created ... Pumped at the most inadequate interest with holding the reset zone for a long period of time due to the huge traffic of "stupid money".
It should be separately emphasized that in this time zone of the cycle huge traffic of “stupid money”, who want to get rich without understanding anything about it.
The crowd is not afraid to buy. This is key. The media is all about the positive.
A huge number of newly-formed crypto experts are young kids, whose expertise will disappear when the market turns around in the next sub-cycle....
Anyone can make money ("sitting on the trend"), even buying and holding anything for a while, of course, except for "promising high-tech crypto garbage" on inadequate pumps and with the same news positive accompaniment.
Absolutely all alts including high capitalization never repeat their price highs to bitcoin.
Year 3 Bear Market. Market dumps from area of distribution (selling) price highs to area of set (buying).
Price typically drops about -70%-80% on bitcoin
Typically, when a distribution support zone is broken, many scare tales or real negative news stories are created to scare and trigger a “crypto depression”. Subsequently, a mostly negative news backdrop dominates, usually of a made up fairy tale nature in “three lines” for the true fools.
Holders of “promising crypto” are bleeding, hope for the price to return to the previous value and "faith in projects" are gradually fading away. The final phase is dominated by the view that it's all a “crypto scam”. Bitcoin will "die." Toward the end of the phase, there is always a “bloody month” (price minimum)—before the formation of the dialing zone.
Altcoins in this time zone of the cycle.
Altcoins are declining from pumping highs before stopping the decline and moving sideways (set zones):
Highly liquid 80-90%
Medium liquid 90-96%
Low liquid (extinction candidates) from -95% and below % conditional on such "crypto trash on the verge of life and death".
Year 4 is the sideways zone, i.e. the accumulation zone. .
In this time zone after a significant dump (more than a year) there is a corrective price recovery movement. This is the so-called "intermediate bitcoin pumping cycle". We are just in it at the moment.
Altcoins in this time zone of the cycle.
Altcoins of high and medium liquidity depreciate, as a rule, by -90-93%. Once this % depreciation is reached, horizontal accumulation channels (1 major zone) of position set for the next cycle are usually formed.
"Cryptocurrency holders" who bought at or near price highs in the last cycle tend to all sell at a large loss in "tired of waiting" accumulation zones for their "promised bags of money".
Low-liquid altcoins depreciate in price by -95% or lower.
It is worth recalling that -95% from the previous -90% is -50%. That is another reduction of the deposit of the “grief trader” in two times.
A part of altcoins, which with a small "community of believers in the wrapper" - “dies”.
Often, the creators crypto run out of money for all sorts of marketing tricks. Then they pour the rest of their crypto phantom on the market, inventing some tale of hacking or something similar.... After that - "to the islands", until the next bull cycle. The sect of "deceived MMM depositors" scatters. The wrapper dies definitively....
Altcoins, including HYIP ones, which were created in the last cycle, are all depreciating. Out of the top 100 of the previous capitalization ranking, they depreciate beyond the top 1000. Never recover in capitalization and price not only to bitcoin, but also to the dollar in the future in the next cycle.
This is what bitcoin trend cyclicality looks like on a linear price chart