This round of bull market has just begun to gain momentum. Mastering the correct time to sell chips in the bull market is the basis for obtaining hundreds of times returns.
How did those who achieved financial freedom in the last bull market operate?
Great stuff, I invite you to take five minutes to read it.
The entire cryptocurrency market is highly dependent on Bitcoin.
Historical bull markets are often triggered by a variety of reasons, but one factor has always been crucial: halvings.
There are less than 2 months left until the much-anticipated BTC halving, where the block reward will be halved to 3.125 BTC!
This period is very important for everyone, everyone must cheer up
There are approximately 60 days until the Bitcoin halving event. According to historical data, Bitcoin has fallen 2-3 times during this period, providing investors with gold buying opportunities.
In January this year, Bitcoin has fallen by more than 20%, which shows that we are currently at such a stage (highly consistent)!
Bitcoin behaved similarly during the 2016 and 2020 halving events, and the pattern is the same.
Almost 7 months after the halving, BTC price reached its previous all-time high. Over the next 10 months, prices experienced rapid growth, reaching new all-time highs.
Introducing the market cycle model here, we can objectively evaluate the current stage of the market:
When market sentiment is low, it's a time to buy.
When market sentiment is high, it's time to sell.
We are currently in an optimistic phase, the bull market is already certain, more retail investors have begun to flood into the market recently, and institutions are increasing their Bitcoin holdings.
Although there will definitely still be minor corrections, the overall trend is definitely an upward trend.
But if retail investors like us, who have less than $100,000 in assets, want to really take advantage of this cycle, they have to focus on altcoins.
When Bitcoin goes higher, there will definitely be no shortage of 100x altcoins!
What we should do now:
·In-depth market research
·Research the most promising copycats
·Choose 5-10 (depending on personal strength) and add an appropriate amount of positions
Wait for Bitcoin to hit the ground running, because only after that will altcoats really allow the market to see significant growth.
Here's the mechanism:
Watch Bitcoin rise first, then move to consolidation phase
Pay attention to the Ethereum/Bitcoin trading pair, Ethereum’s growth performance is better than that of Bitcoin
This indicates that large-cap coins may rise rapidly, ultimately triggering an alt season.
In summary, our goal is to learn to wait for the right moment and do in-depth research during this period.
I wish everyone can keep up with the market in the bull market and have lots of money
