Bitcoin dominance bouncing from support. The reason behind alts bleeding.
https://www.tradingview.com/x/bJIeTVxF/
https://www.tradingview.com/x/bJIeTVxF/
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CRYPTOCAP:BTC.D Chart Image by TheBull_Crypto
Since Jan 2023, prices have increased hard every time Bitcoin has 22% correction done.
23% correction already at this point, so what's next?
Many believe we will get another one, but honestly I think that was it.
https://www.tradingview.com/x/C70LwXSK/
23% correction already at this point, so what's next?
Many believe we will get another one, but honestly I think that was it.
https://www.tradingview.com/x/C70LwXSK/
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BINANCE:BTCUSDT Chart Image by TheBull_Crypto
The Bull
Since Jan 2023, prices have increased hard every time Bitcoin has 22% correction done. 23% correction already at this point, so what's next? Many believe we will get another one, but honestly I think that was it. https://www.tradingview.com/x/C70LwXSK/
We gotta love that move, btw there will be less setups until the ath breaks
https://www.tradingview.com/x/RBL4f6sb/
https://www.tradingview.com/x/RBL4f6sb/
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COINBASE:BTCUSD Chart Image by TheBull_Crypto
The Bull
The most altcoins gonna act like this
Rule 1: Do not let yourself shaken out
https://www.tradingview.com/x/c9r1hPJT/
Rule 1: Do not let yourself shaken out
https://www.tradingview.com/x/c9r1hPJT/
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OKX:CELUSDT Chart Image by TheBull_Crypto
Using NUPL, we can identify the classic Euphoria phase of a bull market where unrealized profits surpass more than half the market capitalization size (NUPL > 0.5).
In the 2020-21 cycle, this phase was triggered 8.5 months after the Bitcoin halving, and saw sustained upside for almost 10.5 months afterwards.
However, in this cycle, NUPL breached 0.5 approximately 6.5 months before the halving. This distinct shift highlights the significance of US ETF in shaping and accelerating price action by introducing powerful demand into the market.
#glassnode
In the 2020-21 cycle, this phase was triggered 8.5 months after the Bitcoin halving, and saw sustained upside for almost 10.5 months afterwards.
However, in this cycle, NUPL breached 0.5 approximately 6.5 months before the halving. This distinct shift highlights the significance of US ETF in shaping and accelerating price action by introducing powerful demand into the market.
#glassnode
Something to say;
It's true that people can make big gain during bull rally, but not all can make and keep it in the end of the bull cycle. Recently the market has had many fluctuations. Each sessions that sweep 15 - 30% and if you don't know how to manage risk, you can lose a lot of money or get liquidated.
Do not bet against the trend and use the leverage carefully (if you do): Close it when you feel right, don't get too greedy. Stop-loss strategy (for leverage traders) is also necessary to avoid more losses when the trend goes against the trade, If not one day you'll be liquidated so don't hope for the greatest comeback.
Not all the tokens would go up, you might pick the wrong ones at the beginning and there are many scam projects across the board. Therefore, pick the tokens carefully with high potential and confirmed a bullish trend. Also enter at the right time is the most important.
Patience (for spot hodlers): Someone loss the trust in their bags and moving to increasing tokens which can cause to the big loss, new ones go down and your old ones go up. Patience is the key, don't let your emotion make you to be a FOMO-er.
Capital management and risk management also affect trading results. Study it!
@thebull_crypto
It's true that people can make big gain during bull rally, but not all can make and keep it in the end of the bull cycle. Recently the market has had many fluctuations. Each sessions that sweep 15 - 30% and if you don't know how to manage risk, you can lose a lot of money or get liquidated.
Do not bet against the trend and use the leverage carefully (if you do): Close it when you feel right, don't get too greedy. Stop-loss strategy (for leverage traders) is also necessary to avoid more losses when the trend goes against the trade, If not one day you'll be liquidated so don't hope for the greatest comeback.
Not all the tokens would go up, you might pick the wrong ones at the beginning and there are many scam projects across the board. Therefore, pick the tokens carefully with high potential and confirmed a bullish trend. Also enter at the right time is the most important.
Patience (for spot hodlers): Someone loss the trust in their bags and moving to increasing tokens which can cause to the big loss, new ones go down and your old ones go up. Patience is the key, don't let your emotion make you to be a FOMO-er.
Capital management and risk management also affect trading results. Study it!
@thebull_crypto
#Bitcoin 68 days of accumulation.
It preparing for a big move so be prepared.
https://www.tradingview.com/x/OG6rPAG3/
It preparing for a big move so be prepared.
https://www.tradingview.com/x/OG6rPAG3/
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COINBASE:BTCUSD Chart Image by TheBull_Crypto