Market cycles are the recurring phases of price trend development in the cryptocurrency market:
accumulation phase,
ramp-up phase,
distribution phase,
and correction phase.
Understanding these four stages helps traders open positions in time at the beginning of the rise and close them before the decline begins, reducing risks and increasing strategy effectiveness.
A lot of changes have been happening in the cryptocurrency market recently.
Bitcoin has entered the top 5 assets in the world, almost catching up to Apple.
This is the beginning of a NEW CYCLE.
Right now, we are at the start of a big movement.
The market has already started to come alive.
Some altcoins have already started to shoot up.
The USA has begun to treat cryptocurrency with respect.
Their legislative initiatives aim to create a clear foundation for crypto.
There are many changes happening in the market, and we, in turn, must observe, wait, and act according to plan, rather than chase quick profits.
We should focus on those who quietly buy, rather than those who shout on every corner in social media.