The chart is pretty much self-explanatory, but here are some thoughts:
1. On the RSI (monthly timeframe), we're around 70. History shows us that when we close above this level, we see the largest growth of the bull run.
2. When we close above the previous ATH, we print a high, well above the 70 mark on RSI. Then, we see a correction. Afterward, we run again, higher, printing another high on price BUT a lower high on the RSI. This is called divergence. A divergence shows weakness. Yes, the price moved higher, but there isn't much gas left.
3. As soon as we print the second top while observing a divergence, the top is confirmed when the RSI slope turns down (starts pointing down) - "best time to sell" - indicated by the black vertical line on my chart.
4. Then, we enter a bear market. History shows that the RSI goes below 50 and stays there for a couple of months - the best time to buy/accumulate.
5. After that phase, the RSI goes back above 50 - the first phase of a bull market. Then, it rises above 70, and the cycle repeats.
#CEXvsDEX101 Feeling stressed? (at the end of the post you also have the remedy but read it all the better) The crypto market is moving sideways or down and although you said you wanted it, it seems to be affecting you now. It's perfectly normal, from cycle to cycle the amount of money you manage gets bigger and bigger if you did it right and it's normal to feel anxiety or stress. You need to slowly, slowly transform yourself into the calculated and professional person who manages both money and emotions well, don't allow yourself to make big mistakes like in the past because those are going to cost you a lot more now. Small mistakes? accepted. My advice: - Try to focus on the amount of coins when the market goes down, 100 ATOM is still 100 ATOM - if you realize you have too much ATOM say, when it goes up to resistance and you're slightly on profit more switch to USDT - live your life, it's not worth 1-2 months of stress just for crypto and it doesn't help either! don't forget to go out and leave them off the charts - give a follow for more NFA & DYOR content! $USDC
The sky is the limit… We can afford to make mistakes! Get rid of fear and trauma. The UNREAL desire to grab the absolute local bottom is absolutely wrong! I say it with an open heart that any kind of mistake made now will be immediately recovered. In what way do I mean mistake? To buy something at a much higher price. As long as you don't go in with the full amount I don't really see where the mistake is. You enter with 25/50% of what you set out to do, you correct yourself plus add. EVEN IF YOU DON'T, the chances of the asset going back to where you got in are very high considering the TIMING IN THE MARKET. The only thing you lose is the opportunity in other directions and time. Money, harder.
$BTC The sky is the limit… We can afford to make mistakes! Get rid of fear and trauma. The UNREAL desire to grab the absolute local bottom is absolutely wrong! I say it with an open heart that any kind of mistake made now will be immediately recovered. In what way do I mean mistake? To buy something at a much higher price. As long as you don't go in with the full amount I don't really see where the mistake is. You enter with 25/50% of what you set out to do, you correct yourself plus add. EVEN IF YOU DON'T, the chances of the asset going back to where you got in are very high considering the TIMING IN THE MARKET. The only thing you lose is the opportunity in other directions and time. Money, harder.
#TradingTypes101 The sky is the limit… We can afford to make mistakes! Get rid of fear and trauma. The UNREAL desire to grab the absolute local bottom is absolutely wrong! I say it with an open heart that any kind of mistake made now will be immediately recovered. In what way do I mean mistake? To buy something at a much higher price. As long as you don't go in with the full amount I don't really see where the mistake is. You enter with 25/50% of what you set out to do, you correct yourself plus add. EVEN IF YOU DON'T, the chances of the asset going back to where you got in are very high considering the TIMING IN THE MARKET. The only thing you lose is the opportunity in other directions and time. Money, harder.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.
$BNB Where's 'retail'? I can't see new people joining the space. This must be a complete different cycle." Bros, 2020 been there, same story. Year of the halving, 'veterans' rugging eachother. Few new people, we all thought that time was different. New people come when shitcoins pump aka altcoin season. That happens in the last stage of a bull run. We're damn early and this time will be the same. Just watch and be pacient.