🌅 GM everyone, whether you're in Asia, Europe, the Americas, or Africa – Strategy Master here, the only email that breaks down crypto cycles like your 📚 primary school teacher.
💥 Bitcoin just hit 80 on the 1W (Weekly) cycle and is gearing up for one final push before a ⬇️ 1-1.5 month bearish phase. If reading that sentence made your face go pale, and you're pretending to follow along but don’t fully understand the market right now – this edition is for you.
Making money in crypto isn’t rocket science if you follow cycles. Buy near cycle lows 📉, sell near cycle highs 📈 (the hard part). The challenge is identifying those lows and highs.
Before diving into the charts, here’s a bit of theory:
If this plays out in the current cycle, Bitcoin’s price movement would look something like this:
The truth is, predicting the height of the next cycle is never simple. We’re currently on Day 36 of the 60-day cycle 📅, and we’re still below the mid-cycle high. Typically, this signals a bearish cycle 📉, so we shouldn’t expect new highs until the next cycle low in early November (which means don’t rush to buy now! ⏳).
Alternatively, there’s a higher probability we’re in a left-translated daily cycle and on the verge of a downside reversal 🔄. A left-translated cycle would look like this:
Bearish scenario of the current 60-day Bitcoin cycle
I know, I know, you don’t like hearing that there are two potential scenarios without a clear short-term trend 😕. But that’s exactly when you need to stay out of the market ⛔. That’s exactly when you protect your capital 💰 and avoid jumping into trades just because you "feel" like it. Now, take a look at what my 1D, 3D, and 1W Cycle indicators are showing 📊:
My cycle indicators are telling the same story – patience! 🧘♂️ The 1D Indicator just reversed and looks like it’s targeting the 80s, suggesting a short-term uptrend 📈. Meanwhile, the 3D Indicator just dipped below 20, which is intriguing 🤔.
The 1W Cycle Indicator is pushing above 80, signaling danger ahead ⚠️ – Bitcoin is nearing its 1W cycle top, but we could still see one final push upwards ⬆️.
I’ve even added a Wavetrend Oscillator, which complements my Cycle theory well. It’s currently at 0 – a neutral zone ⚖️.
When will I be ready to re-enter the market? 💫
I’ll wait until the 1D Indicator drops back to the 20s. By then, the 3D Indicator should be heading up, offering a great opportunity to catch the next pump. 👆️
As always, I’ll send another edition when that time comes so you can grab your slice of the pie. 🥧
In just over a week, I’ll be at the Cosmoverse event in Dubai! 🐺
With just a few weeks left, Cosmoverse 2024 is set to be a major event for the blockchain and crypto industry, taking place in Dubai from October 21-23. 🥳
With an impressive list of speakers, expanded networking opportunities, and Hackmos, one of the biggest hackathons of the year, Cosmoverse 2024 will bring together developers, enterprises, institutions, and investors from all over the world—all in one of the most exciting tech hubs. 💻️