Alright, alright - I exaggerated the โcollapseโ part. Bitcoin isnโt collapsing - at least not yet. ๐ The daily cycle is about to reverse to the upside, likely giving Bitcoin one more push higher. ๐
Strategy Master, I thought the bull market just started. What about Altcoin season?
Hereโs the thing: to make money in crypto (with relatively low risk), you MUST understand where we are in the cycle. Markets go up and down, and your job is to buy at the cycle bottom. ๐โก๏ธ (Yes, Iโll show you how to do that for free.)
But first, letโs get the introductions out of the way.
Gooood evening, lovely people! โ
This is Strategy Masterโthe annoying wolf ๐บ who refuses to let you trade on leverage and always warns you when the market is overbought. Yep, the same guy who popped into your inbox one day to prove that real estate is a worse investment than crypto (sorry, Grant Cardone). ๐
Hereโs a simple - but risky - trade idea thatโs likely to turn out profitable:
๐ Buy BTC when you see the first green candle on the 12-hour chart.
Gotcha, Masterโฆ But why?
To explain, letโs revisit my magical cycle indicators: โจ๐
But how can you be sure weโre going up? ๐ค๐
We canโt be sure. Itโs all about probabilities. ๐ฒ In highly bullish markets (think god candle after god candle), when the cycle indicator trends down, the price often stays flat. ๐โ
Thatโs exactly whatโs happened in the last three days: the blue line dropped from 90 to 18.31, but Bitcoinโs price? Flat. ๐ก
Now, letโs compare this with the last five 1-day cycles: ๐๐
Take the leftmost green arrow: the 1-day cycle reversed, and price immediately pushed higher. โฌ๏ธ The difference between the daily cycle top and bottom? About -1%โsimilar to what weโre seeing now.
Master, how can I tell when the 1-day cycle drops below 20? Give me access to your indicators!
Sure thing. Just share this newsletter with two friends and message me your TradingView username. ๐ฉ๐ฅ
Whatโs Wrong with ETH?
Ethereum had a great run two weeks ago, gaining about 17% against Bitcoin, only to lose it all last week. ๐ When it finally felt like Altcoin season was here, the market disappointed usโagain. ๐
So, why arenโt Altcoins pumping yet?
Altcoins will pump when most investors lose faith in them. ๐คท For the last six months, all Iโve heard is people hyping an โAltcoin season.โ And what happened? The market did the opposite - making your Altcoins bleed. ๐ฉธ
When people finally give up and start chanting things like โBitcoin supercycleโ and โAltcoins will never outperform Bitcoin because itโs the ultimate store of value,โ thatโs when Altcoins will start pumping. ๐ก๐
Letโs break down why this hasnโt happened yet. ๐ง๐
ETH/BTC Chart Analysis ๐๐
ETH/BTC does not look good
Iโm not saying you canโt make money with Ethereumโyou absolutely can if you buy at weekly cycle lows and sell at cycle tops. ๐๐ฐ But, like the last cycle, Ethereum is hitting new lows in this one. ๐ฌ Itโs likely to pump - but not until late in this cycle (probably 2025).
On the bright side, the 2-week cycle indicator has been under 20 for a month. ๐ฅ That signals an upside push isnโt far off (likely in 1โ2 months). For now, though, Iโd skip ETH. Bitcoin and Solana-based Altcoins have better potential. ๐
Alright, Master, Iโve read the whole email. Give me some alpha now! ๐
I know youโre eyeing coins like $DOGE and $SEI. ๐ถ Sure, they might pump again, but their upside potential is smaller compared to coins that havenโt run yet. Take $SHIB, for example - it just reversed on its 1-day "cycle" indicator! โก๐