bull

We are getting closer and closer to the bull run phase. We are getting closer to a period where the entire #Cryptocurrency market will be extremely bullish. I wanted to simplified Ethereum's targets for you.

Having a long-term perspective can make your trading, your holding, much easier.

Imagine $ETH goes to $4,500 and starts a strong retrace. As prices move up, you wouldn't feel compelled to sell, you would just be happy looking at the numbers on the screen and waiting for more. As soon as the correction comes, doubt can start to creep in. Should I sell now? Will it continue lower? Is this the end? How far down can it go?

We can plan ahead but the market impulse, the energy, the mass, the group, the herd, the news; things can shake us out of our hands, knowing in advance how high prices can really go, can make it easier for us to hold strong.

If Ethereum trades at $5,000 and stats to retrace, and you know that a minimum target of $7,300 is expected, then you can easily hold. But without this information it would be hard to do so when prices are down 30% from the top. The worst part is that we tend not to sell at the top, ignore the top and the impulse becomes really strong to sell when prices are low.

Ok. That's not the situation now. We bought early, we caught the bottom and it is the start of the bullish wave. Having 20 different targets can be as hard as having no targets, how much to sell and when?

So here are the targets simplified, these are the main targets for Ethereum in this upcoming bullish phase.

1) $3,345 ($3333). Easy target. Can be easily ignored. Resistance can change and instead of $3,345 it shows up at $4,015. Nobody cares, we are aiming higher.

2) The ATH. Ignore it will be broken.

3) $7,331. Now this will be a strong target and can even be the top, so this is one to watch out for. If the market reacts strong and there is huge bear volume, securing some profits wouldn't be a bad idea at this point, but there is more.

4) $11,318. This is full blown-bull market with major bullish force in place. If we get a great #Bull market, we can hit this target or even higher.

What I mean is that there is no point in selling at $3k, $4k or $5k. When the market shakes, ignore. When there is a retrace or correction, feel free buy-in, rebuy and reload.

Bitcoin ($BTC ) is about to enter the final week of May, with the month mostly likely to close on a strong green candle, the 2nd straight. Though it made yesterday a new All Time High (#ATH ) above 109k and many are already talking about a bearish reversal, this chart shows that there is still plenty of time left before the current Bull Cycle tops.
If fact a simple measurement of the Bottom to Bottom and Bottom to Top ranges of the last 3 Cycles is enough to present all the evidence that are needed for this case.
As you can see, the previous 2 Bull Cycles lasted for 35 months (1065 days) from Bottom to Top. Similarly, the Bottom to Bottom (Bear Cycle to Bear Cycle) measurement has been 47 months (1430 days).
This amazing symmetry suggest that BTC is more likely than not to repeat this feat on the current Cycle as well. A 35 month range from Top to Top indicates that the #Bull Cycle is expected to peak on October 2025, while a 47 month Bottom to Bottom range indicates that the next Bear Cycle should bottom in October 2026! As far as a potential price top is concerned, various of the previous analyses we've conducted show that $200k is a fair maximum, but the current study focuses on the timing of profit taking and not specific price levels.
So are you willing to book your profits by this October? Feel free to let us know in the comments section below!