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The #BItcoin dominance is peaking as the confidence is on cycle low levels. Given that the Ethereum ETF is going to be listed in the upcoming weeks, it seems very likely that the rotation will happen and that this level of Bitcoin dominance won’t stay.

The #BItcoin dominance is peaking as the confidence is on cycle low levels. Given that the Ethereum ETF is going to be listed in the upcoming weeks, it seems very likely that the rotation will happen and that this level of Bitcoin dominance won’t stay.

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⛔⛔ STOP LOSING MONEY BY UNDERSTANDING MARKET CYCLES ⛔⛔ Financial markets, like natural phenomena, move in predictable cycles. These cycles often trap retail traders, much like how games lure players in with the promise of small wins just to claim larger losses. The example of BTC in 2017: Bitcoin’s price skyrocketed from around $1K in January to nearly $2K in December. However, by early 2018, Bitcoin’s price dropped to around $3K by December 2018. Many investors faced big losses. 4 of Market Cycles & Common Mistakes: Accumulation: This phase follows a significant market decline. Prices are low, and investors are pessimistic. Example: After Bitcoin’s 2013 crash from $1K to below $200, the accumulation phase saw cautious buying by those who believed in its long-term potential. Common Mistakes: During this phase, many investors are too fearful to buy. Uptrend: Characteristics: The market begins to recover. Example: Throughout 2017, Bitcoin’s price steadily climbed & media coverage fueled investor confidence. Common Mistakes: As prices rise, many investors jump in late, buy at higher prices & increase their risk of losses. Distribution: Characteristics: The market reaches new highs. Example: In late 2017, Bitcoin’s price surged towards $20K, driven by extreme optimism. Common Mistakes: During this phase, investors often buy at the peak of the market, driven by overconfidence. Decline: Characteristics: The market begins to fall from its peak. Example: By early 2018, Bitcoin’s price began to fall sharply, leading to panic selling and significant losses for late investors. Common Mistakes: Investors often hold on to their investments too long. As prices continue to fall, fear sets in, leading to panic selling. The Cycle Repeats These phases repeat over time, and understanding them can help you become a more consistent and successful trader. ! Like, share & follow @Dark Knight Signals #bitcoin #memecoins #markettrends $BTC $ETH $SOL
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