Bitcoin Market Cycles, 2013 and 2021 similar in structure almost to the T!
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/ daily timeframe that they get emotional on every dip! Take a step back to the weekly/ monthly timeframe and see why I’m so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can’t be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don’t follow the majority, because the majority will lose in the end! Also, don’t buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts (Lets compare 2013 to 2021 Red Circles):
1. Stochastic RSI – 2013 and 2021 is eerily similar in structure! Will we cross bullish this month??
2. September has always been a bearish month (Blue box) Every bull market (2013, 2017, and 2021)!
3. Both patterns are creating very similar Bullish Descending Triangle!!
4. Both candle body closed (lows) at exactly the 0.236 Fib Level!
5. October 2013, we dipped back to the 0.236 before skyrocketing with a candle body breaking ATH!
6. RSI – Structure comparing 2013 and 2021 is eerily similar! Will we have another double top? RSI is Highly oversold on the monthly!!
7. BullishDescending Triangle – Descending Triangle are usually bearish , but if it breaks to the upside, we can skyrocket (copying 2013 move!)
Buy target: in 2013, we corrected to the 0.236 Fib and skyrocketed. Will we dip down to $33k once more then skyrocket??
“If you can’t beat the fear, do it scared!”
“Be fearful when others are greedy, and greedy when others are fearful!” – Warren Buffet.
“Markets are a device for transferring money from the impatient to the patient. – Warren Buffet
“Show me the charts, and I’ll tell you the news.” – Bernard Baruch
“The secret to investing/trading is figuring out how rich you want to be and how poor you’re willing to become.”
“If you want to live like the 5% of the population who are hugely successful, then don’t act like the 95%!”