Are You Prepared?
Well, the time has finally come and we are officially in the final stages of this bull market. There has been talk and even from myself that perhaps this season will be slightly prolonged in comparison to others. However, has not this cycle kept in step with previous cycles up until this point? Furthermore, has not the macro landscape been in favor of Bitcoin for almost two years now? Since covid hit, the money printing and other factors that are favorable to Bitcoin have been playing out and are nothing new.
Perhaps we are being hopeful and maybe we should take a more historical view as opposed to an optimistic view. That being said, I still firmly believe that BTC can crack the $200K mark this cycle. In fact, it could still blow off much higher. I have also mentioned that I see the coming bull market drawing down to current price levels in the 50K to 60K zone. This may sound strange to some but it is a figure I came up with making use of S2F dot sequencing. We could wick down briefly to 40K but I would expect it to only be a weekly or monthly wick and not necessarily a close.
We also need to realize that while these are currently fairly high levels, they will not be so in a few months' time.
Hoping For Prices To Rise Is Not A Strategy
As an investor or trader, you need to have clear objectives and strategies in place if you want to succeed. Merely hoping and waiting for prices to rise is not the important part of the equation. However, what you do when it takes place is!
You need to have clear moves and exit strategies in place. These are set for price levels, timeframes, as well as other metrics. You need to be prepared with a strategic response to the activity in the market. I have recently had to adjust my strategy thanks to regulatory changes and am now very focused on what I need to do and when I need to do it.
Encouragement To Plan
I would encourage readers to have a very clear plan of action for the coming months. I will never offer advice on when or what to sell. I will however share with you what I am planning to do. In my most recent article, I have outlined my adjusted strategy for this bull run.
Thanks for reading and best wishes in the execution of your strategic approach to the final stage of this bull run!
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