🌅 Good morning, traders, investors, and anyone excited about the booming crypto market!
Bitcoin just surged to $70,000, bringing that $100,000 target closer than ever. But the big question is: are we really ready for this next move? 📈
🔍 Let’s dive into the cycles to get a clearer picture of what the market might hold.
🔍 Analyzing cycles can help you pinpoint ideal entry points into Bitcoin (and, eventually, altcoins). Here’s what the cycles are currently showing:
🤔 All these lines, Strategy Master… what’s going on?
If you’re new to these indicators, don’t sweat it—we’ll break them down one by one. 🔹 The blue line represents Bitcoin’s 1-day cycle. When this line hits 80 (alongside either the 3-day or 1-week cycle below it), Bitcoin often experiences a retracement 📉.
⏸️ Hold on… Are all the lines above 80?
You’re right! ✅ As of today (October 30th), all three lines are over 80, which means we’re in overbought territory—a classic signal for a potential retracement. 🚫 This is a time to sell, not buy.
🤯 Then why’s everyone so hyped about Bitcoin right now? Crypto Twitter is full of moon boys 🌕🚀
Here’s the thing: After nearly half a year of consolidation, people are itching for a breakout. Bitcoin’s been stuck between $60,000 and $70,000 for around seven months, and during this time, altcoins have been bleeding 💧. It’s been hard to profit in this market, and people are desperate for upward momentum 📈. Many bought at the last peak in March and are now chanting “BUY” in the hopes others will push prices higher.
❓ But is it too risky to buy now?
To find out, let’s check out the next chart 📊.
📈 This chart paints a more bullish picture for Bitcoin!
🔹 The light blue line represents Bitcoin’s 2-week cycle, which has been steadily climbing since mid-September and is currently at 74. This indicates that BTC may continue trending upward for another 3–4 weeks. 📊
🟢 The bottom line (in dark green) is the monthly cycle, which looks extremely bullish. A reversal here hints that Bitcoin could see higher prices over the next ~6 months. This aligns with the 4-Year Bitcoin cycle theory, which typically peaks in the first half of 2025, then trends downward for about 1.5 years until late 2026 📅.
🤔 Wait… how can I get those green and red lines that mark cycle tops and bottoms on your chart?
Easy! 🎉 Just invite two friends to join the newsletter. Once they’re signed up, message me your TradingView username, and I’ll add you to the script—free of charge! 💸
📊 For example: Applying my Cycle Indicator to the “TOTAL3” chart (which tracks the altcoin market) and selecting Cycle and Stoch RSI for the 1-day and 3-day charts reveals some great opportunities 👀.
📈 With only two trades in the past four months, you could have captured gains of 13% and 14% on altcoins! 💰✨
📌 Conclusion: BTC
The cycles are looking favorable ✅—overbought in the short term, yet with strong long-term potential 🚀. My plan is to reinforce my positions when the 1-day & 3-day cycles dip and reverse. Typically, I allocate more capital when the 1-week cycle is below 20, but I’m still open to making smaller plays in setups like this 💵.
🤔 Quick question – Have we seen this setup before? Overbought on the 3-day and 1-week cycles, but trending up on the 2-week and 1-month cycles?
✨ Yes! We saw a similar setup last year. Check out this chart:
🚀 Bitcoin surged at the end of October, rallying like crazy into November. However, all three short-term indicators (1-day, 3-day, and 1-week) quickly shot above 80 📈.
⏬ Fast-forward two months: These indicators cooled off, dropping below 20 – creating an ideal buying opportunity. Shortly after, Bitcoin surged nearly 90%! 🎉
💡 Sure, you might have missed the short November/December rally, but the price eventually dipped again, offering a lower-risk entry for a great position.
And that should always be your goal – to minimize risk. Buying at cycle lows or during reversals provides exceptional returns (over 100% annually on average) and helps mitigate the risk of a sudden bearish downturn. 🔻