Yes, that sweet feeling when you’re not afraid of falling Bitcoin prices and you snatch some right at the bottom of the cycle. 📉🤑
I have to admit—buying at $56,500 and watching it drop to $53,000-ish isn’t the best feeling. 😬 But clearly, following cycles has made me cold-blooded. 🧊
If you read the last newsletter, you saw me saying Bitcoin had to bounce back to at least $57,000 (and later $60,000) , and that’s exactly what it did. ✅
Now, what’s next? 🤔
1D Cycle printing a bottom just 2 days ago - beautiful!
We’re not out of the woods yet!
Yeah, I know you’re expecting some crazy positive news 🎉 with forecasts of $100,000 and above, just to make you feel better. 😅
Well, you won’t get that here. ❌ And that’s why you’re reading this newsletter 📬, and not listening to that blond German YouTuber 📹 shouting for you to buy Bitcoin from his rented jet. 💸
First, the 3D Cycle Indicator
Look at the violet line 📉 in the chart above. It's still falling, which means Bitcoin could experience some turbulence 🌪️ next week. A strong price push 🚀 could reverse the 3D indicator, presenting a great long-term entry opportunity. But that hasn’t happened yet. ⏳
Second, the 1W Cycle Indicator
Now, if you check the chart again (I know someone mentioned I use too many charts, so yes, you’ll have to scroll back to the same one 😂), you'll notice the Weekly is just touching 20! 📊 Quick reminder: anything below 20 is our buying zone. Things are looking better, but the weekly could still fall for the next few weeks. ⏳
Strategy Master, enough with the indicators, WHAT SHOULD I DO!?
Alright, alright. 😅 Overall, we’re not out of the woods yet. Yes, we hit a daily cycle low and moved from $53,000 to $57,000, but I'd like to see a full 1D cycle complete before jumping in with real money. 💸
Something like this:
See that green line on the 1W chart? I did that on purpose so you can see it better
Ideally, I want to see the 3D line 📉 reverse to the upside 📈, and I feel it’s still a bit early to allocate a lot of capital right now. A reversal back to the downside seems possible, and the next two weeks are crucial. ⏳ If the price stays above $57,000 and breaks through $60,000 💪 while the 1D indicator rounds back to 20, then I’m ready to enter. 🚀
Alright, what about Altcoins?
There are some decent plays for altcoins, but most are nearing the top of their 1D cycle. For now, my focus is more on Bitcoin. 🤑
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Stay safe and patient! 🛟