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.
I can also imagine the frustration on X if throughout the summer the #Bitcoin price didn't rise significantly and positioned itself in the same range.
Then when enough capitulated and sold out of boredom and frustration for some insignificant gains, the price would rise aggressively throughout the fall.
Such a scenario would be very interesting because in my opinion it gives the chance to accumulate even more.
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! <3
In 2025 it will only matter how much you have accumulated in 2023 and maybe early 2024. You will also forget the times when some were long or short on short time frames, and as you well know the money that changes the fate of a generation for your family will be made from investments not trading.
Relative to a short/medium time frame 2 years from now it will not matter what I or anyone else who takes the risk to speak publicly.
The important thing is to listen to everyone and believe no one.
The important thing is to have critical thinking and the ability to synthesize multiple ideas to create a new one to relate to based on how healthy it is for you to approach the financial markets.
My strategy will not work for you and vice versa. We all have different expectations in terms of returns, risk appetite is different, the way we manage risk is different, an amount that is important to me for you may be insignificant or vice versa.
Work on improving your investment mindset, and at some point you will realize that you will learn some skills that will serve you for life.
A retweet would help me and that friend who you think could use the above ideas.🫡
🔷 Blockchain data shows BlackRock's #BUIDL has attracted $245 million inflow by Wednesday. Its strong inflow propelled it to second place among competitors, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund (#FOBXX), which has $360 million in deposits.
🤝Ocean Protocol, @Fetch_ai & @SingularityNET unite to create the Artificial Superintelligence Alliance, through a token merger into a single $ASI token with a combined value of USD$7.5 Billion, with a current ranking at ~#20 on #CoinMarketCap.
BreakingNews: SEC may proceed with lawsuit against Coinbase. The judge ruled that the SEC has a plausible case regarding the illegal provision of staking on the Coinbase platform.
Fetch.ai, SingularityNET and Ocean Protocol have decided to combine their tokens into a single token. The exact name of the new token is not known but it is likely to be called #ASI (Artificial Superintelligence).
Initially the #Fetch token will turn into the #ASI token at a price of about $2.82 each.
Subsequently the tokens of #AGIX and #OCEAN will merge into the new #ASI coin with a conversion rate of 0.433 to 1. (I mean if you now have 1000 #AGIX or #OCEAN tokens, those tokens will turn into 433 pieces of #ASI at a price of $2.82 each)
Fully diluted market cap is expected to be around $7.5 bn.
At the moment it is just being discussed and a vote on whether or not to make the move should be taken between April 2 and April 14.
We are at that historic moment when a gold industry company (Nilam Resources Inc.) intends to buy #Bitcoin worth $1.7 billion (equivalent to ~25000 BTC).
"The Company and team have been working diligently over the last several months to finalize all agreements and due diligence necessary to proceed to a legally binding Letter of Intent (LOI)," stated Pranjali More, CEO of Nilam Resources, Inc.