β οΈ Bitcoin and many altcoins are significantly overbought in their respective cycles, so caution is advised. Avoid jumping into investments late in the 1-week cycle. It's better to wait for the cycle to dip below 20 before considering an entry. π
π If you're unfamiliar with these concepts, here's a quick recap: β¬οΈ
π When the graph turns green, itβs a signal to consider buying. When it shifts to red, itβs time to consider selling. π¨ Currently, weβve spent a lot of time in the red zone, which signals dangerβa retracement is likely imminent! π
π΄ It can feel boring to stay on the sidelines and not trade. The market moves 24/7, influencers share their PnL cards, and thereβs always something happening. This can create a natural urge to jump into the action out of FOMO (fear of missing out). π¬
π Know the next move in Bitcoin before it happens, subscribe here!
But in reality, what youβre missing out on is potential losses. πΈ
β Thereβs no point in investing in an overheated market. Sure, the market might rise another 10-15%, but the probability is low. π Even if it does, youβve only missed a small gain. Compare that to the profits from buying in the green zone and selling in the redβyouβll make much more money with far less risk. π°
π Believe me, thereβs nothing more stressful than watching your portfolio trend downward day after day. π You can avoid this by simply following the cycles. π
π€ But Itβs Not Always That Simple
Take the SEI/BTC chart from earlier this year: π
π€ If you blindly followed the green zones and bought at every 1-week cycle bottom, youβd have faced significant (though temporary) losses with SEI. π
π¨ Key Takeaway: Itβs crucial to understand what each cycle indicates and act accordingly.
π΅ We avoid buying and holding assets with a falling 2-week cycle.
The 2-week cycle reveals the general trend of an asset. If the trend is falling:
1οΈβ£ Quick entry and exit are essential. β³
2οΈβ£ The best exit strategy is at the 3-day cycle top. π
β However, if the 3-day cycle doesnβt reach 80, it signals a very bearish trendβsuch assets should be avoided altogether. π«
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Hereβs the S
π Even if you followed cycle theory perfectly and took the right actions when the 3-day cycle broke, youβd still have experienced at least two losing trades. π
π Other factors, such as:
- Altcoin performance against Bitcoin.
- Overall altcoin market cap.
- Support and resistance levels.
π‘ These are also worth considering!
π We analyze these elements in detail in our Premium group.
If youβd like to join and get insights on important coins near local bottoms, you can register here:
π
πββοΈ Master, how do I get access to the green and red lines you have in your charts?
Itβs simple:
1οΈβ£ Invite two friends to join the newsletter.
2οΈβ£ Send me your TradingView username.
β Iβll grant you access and provide a free tutorial.
π¨ How NOT to invest your money
π€ Memecoins and newly launched projects continue to dominate the crypto space. Many people chase overnight riches, believing one 10x project will change their lives forever.
π£ Influencers hype new tokens on X, shilling their bags, while investors blindly buy in. π©
$ME is about to become the next $BNB.
Staking model got clarified, token utility, price talk and vision.
All of this happened in an X space with @0xLeoInRio, co-founder of @MagicEden.
A breakdown π§΅
(Must-listen)
β peddy (@peddy2612)
4:19 PM β’ Dec 18, 2024
π₯ And hereβs what happens when you follow influencers and buy newly launched tokens:
π« With no price history, no clear cycles, and no reliable support or resistance levels, you have no idea what might happen in the coming weeks. Yet, many buy tokens after the initial dump, only to lose half their money within days. πΈ
This is a situation no one wants to be in. π
π Instead, I can take any coin with sufficient price history, apply cycles on its BTC pair, and identify clear entry and exit points. π
Take RUNE/BTC, for example: π
πΈ You donβt need expensive trading courses or complicated indicators. Cycles can make you profitable if applied correctly to tokens with enough price history. π
π RUNE isnβt particularly bullish or top-performing, yet the free signal indicator I provide shows when to enter and exit. π
π« Donβt take unnecessary risksβprotect your capital in this market. πΌ