you should allready know no matter how long you trade or invest that markets and all of them got cycles as well as ups and downs in small waves as well as big tsunami one.
How long is a market cycle? The financial markets are inherently cyclical and each “market cycle” has defined parts or stages. The three broadest stages of a market cycle can be defined as a bear market, recovery, and bull market. Looking back in time, full market cycles have spanned as little as five years to as long as 20 years.
Market Cycles are The Key to Maximum Returns in the long term view ! Entering the market at correct time and timing the sell is very important and cycle helps you to determinate this period.
Although not always obvious, cycles exist in all markets. For the smart money, the accumulation phase is the time to buy because values have stopped falling and everyone else is still bearish. These types of investors are also called contrarians since they are going against the common market sentiment at the time. These same folks sell as markets enter the final stage of mark-up, which is known as the parabolic or buying climax. This is when values are climbing fastest and the sentiment is the most bullish, which means the market is getting ready to reverse.
Smart investors who recognize the different parts of a market cycle are more able to take advantage of them to profit. They are also less likely to get fooled into buying at the worst possible time.
This chart is GFX update to understand the real bitcoin price and emotions behind the current situation including the mining expenses lines.
------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Well Bitcoin mooved up 100% and the Bitcoin halving occured so here is the update part 4.
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Important milestone. We almost reaching the ATH and after halving impact on miners area
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This could be a potencial future path
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We are reaching the expected mark down zone and potencial W3 distribution area and Bitcoin is showing some bearish signals on 4h chart allready This could be local top anytime soon and retest of 20K is possible. Altcoins should catch up meanwhile so I´m expecting altcoins run after new year
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At Weekly we are reaching very high RSI which usually caused reaction and also important Fib zone just so you know