Where is this bull run going, and where should I expect the top?
I don't know, but here is my dart on the wall.
There seems to be a correlation between when Bitcoin breaks the Previous ATH and how long it has until the tippy top: ~280 Days. This gives us from Dec 16 to the end of August / Early September to get out.
We can also draw out some trend lines on the logarithmic chart to see how high things could get in the end: Right around $280-307k. Are you sweating yet? Wait til you see that the previous jumps of 50% to ATH took only about a week to play out, this run should make it almost a $100,000 move in those 7-8 Days.
This is how I plan to get out. I set up alerts for when the bars cross the trend lines, telling me how long I have left to get out. As soon as I hear there is one month left I am going to close some positions, then two weeks, then the final week.
If you find yourself still holding after the top, you have a small window of 15-20days for it to bounce back up to around -15% the ATH (based on what happened during the previous bull runs).
And then the drop...
The drop should last for around a year. At this point you should have just been shorting at the top all the way down ~360 Days. This is the bottom. At this point, you need to do what I didn't think of doing until this bull run almost started: Get back in the game. All the money you should have been saving get's dumped into Bitcoin. A % of my paycheck is going into Bitcoin / Any other project I see that looks promising. Just keep accumulating... Until the next bull run around July 2024.
Good luck peeps.
There seems to be a correlation between when Bitcoin breaks the Previous ATH and how long it has until the tippy top: ~280 Days. This gives us from Dec 16 to the end of August / Early September to get out.
We can also draw out some trend lines on the logarithmic chart to see how high things could get in the end: Right around $280-307k. Are you sweating yet? Wait til you see that the previous jumps of 50% to ATH took only about a week to play out, this run should make it almost a $100,000 move in those 7-8 Days.
This is how I plan to get out. I set up alerts for when the bars cross the trend lines, telling me how long I have left to get out. As soon as I hear there is one month left I am going to close some positions, then two weeks, then the final week.
If you find yourself still holding after the top, you have a small window of 15-20days for it to bounce back up to around -15% the ATH (based on what happened during the previous bull runs).
And then the drop...
The drop should last for around a year. At this point you should have just been shorting at the top all the way down ~360 Days. This is the bottom. At this point, you need to do what I didn't think of doing until this bull run almost started: Get back in the game. All the money you should have been saving get's dumped into Bitcoin. A % of my paycheck is going into Bitcoin / Any other project I see that looks promising. Just keep accumulating... Until the next bull run around July 2024.
Good luck peeps.