BITCOIN Long-Term Forecast (Comment your thoughts)
Hello traders , have a good trading week . Let's talk about bitcoin and market Cycle. Let me know in the comment section what do you think about it? are you buying or do you believe we still have more downside momentum?
Cycles have 2 important phases:
Mark-Up or Bull RUN:
At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes smart money buy. With time, more public is getting involved.
Media stories begin to discuss the possibility that the worst is over greed continues to rise, as this phase matures, more investors jump on the bandwagon as fear of being in the market is supplanted by greed and the fear of being left out. FOMO
As this phase begins to come to an end, the late majority without prior education jump in and market volumes begin to increase substantially. At this point, the greater fool theory prevails. Valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are taking profits.
But as prices begin to level off, or as the rise slows down, Public who have been sitting on the sidelines see this as a buying opportunity and jump in masse. That is the moment to stay away because the bubble is about to explode.
Distribution Phase or FEAR SENTIMENT
In this phase market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Smart investor cash out profit . People BUY the top
My advise is :
*Do not Hurry to BUY , wait clear solid macro indications
*If you bought expensive , be patient.
Yes I'm Long IN BITCOIN in longterm.
Please Kindly follow , like and follow this tradingview to support !
HAVE A NICE DAY!
Cycles have 2 important phases:
Mark-Up or Bull RUN:
At this stage, the market has been stable for a while and is beginning to move higher. The early majority are getting on the bandwagon. This group includes smart money buy. With time, more public is getting involved.
Media stories begin to discuss the possibility that the worst is over greed continues to rise, as this phase matures, more investors jump on the bandwagon as fear of being in the market is supplanted by greed and the fear of being left out. FOMO
As this phase begins to come to an end, the late majority without prior education jump in and market volumes begin to increase substantially. At this point, the greater fool theory prevails. Valuations climb well beyond historic norms, and logic and reason take a back seat to greed. While the late majority are getting in, the smart money and insiders are taking profits.
But as prices begin to level off, or as the rise slows down, Public who have been sitting on the sidelines see this as a buying opportunity and jump in masse. That is the moment to stay away because the bubble is about to explode.
Distribution Phase or FEAR SENTIMENT
In this phase market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous phase turns into a mixed sentiment. Smart investor cash out profit . People BUY the top
My advise is :
- As you can see in the graphic from above , This is the beginning of a corrective phase. the average duration from the 3 previous corrective phases is 250 days. I will patiently wait clear indications. TO be honest I'm expecting more downside momentum but that's great because we will have more opportunities to take the next bull run !
*Do not Hurry to BUY , wait clear solid macro indications
*If you bought expensive , be patient.
Yes I'm Long IN BITCOIN in longterm.
Please Kindly follow , like and follow this tradingview to support !
HAVE A NICE DAY!
MY LINKS OVERVIEW:
If you want to learn our strategy:
🟡 airforexone.com/ebookv5
If you want to join our vip discord:
🟡 airforexone.com/vipmembership
OTHERS
🟡 linktr.ee/airforexone
If you want to learn our strategy:
🟡 airforexone.com/ebookv5
If you want to join our vip discord:
🟡 airforexone.com/vipmembership
OTHERS
🟡 linktr.ee/airforexone
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