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CryptoCafeClub
8 sep 2021 03:44

BTC/USD Bullrun Exit Strategy 

Bitcoin / U.S. dollarBitstamp

Beskrivning

So far this bullrun is following the same/similar pattern as the previous (2013 and 2017). September has been a bearish month on all bullruns. But on the bright side, September has been the last stop before the 2nd wave of the bull cycle. There are so many price predictions on BTC but the key thing to notice is the RSI on the monthly chart. That's the best way we should plan our exit strategy and banking our profits in this bull cycle.

In previous bull cycles, we hit the bear cycle after BTC hitting the 90 RSI twice and so far this bull cycle we hit only once. And 2nd wave towards 90 RSI happens after the September correction. So we could see a massive pump from here. But we need to keep an eye on the RSI to prepare the exit. Wait for the 2nd hit and take your profit. Look at the 2013 bull cycle is a mirror copy of this bull cycle and 2017 is very similar.

This is not financial advice please DYOR and have a good bullrun
Kommentarer
DanyBoy4k
this makes sense!!! So, between 90k and 100k, should come crypto winter
Avanstee
@DanyBoy4k, it is not likely that we reach new ATH before hitting the bear cycle. I expect pull back to max 52K before that winter.
CryptoCafeClub
@DanyBoy4k there is a high possibility for a new ATH by December. so far this bull cycle following the same pattern as before. so after the September correction we might see a bullish run. Hopefully there won't be any bearish events/news comes along the way to break the pattern
Tommy1529
Seems to me like descending wedge (middle part). But who knows
Mer