Bitcoin Cash Pre-2025 Bull-Market Accumulation Zone & Strategy
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Good evening ladies and gentlemen... Are you ready to be entertained?
Bitcoin Cash peaked before the rest of the market in 2021, it did so in May while many altcoins peaked in April and November 2021. In 2023, it started to grow in June together with XRP, before the rest of the market but peaked in April 2024, after the rest of the market. Pretty interesting.
Looking at these variations and the numbers in general we can say that Bitcoin Cash stands out as a strong project. When I am looking at these charts there are always a few that standout. It would be easy to build a very strong portfolio with 8-15 projects that have always done great in the past and are likely to continue doing so in the future.
I had some doubts approaching this pair, to be honest. It was there, almost first in the list and I quite couldn't put my finger as to how the "accumulation zone" would develop. I was in doubt as to the actual end of the current correction. I let it go, forgot about it and started to work on the other pairs. Sure enough, after a while, everything became clear on its own. It is likely we have not seen the bottom just based on the mere fact that it is still a long time before the bull-market starts.
Arthur Hayes, the BitMex guy, came out recently and basically agreed with what I had to say. He says that the altcoins bull-market will only start in early 2025. Great, we agree on this point. He also said that this would happen after Bitcoin moves beyond $70,000 and Ethereum $4,000, and this is likely to also happen in early 2025, so great, we agree again. It is good to have the same perspective as a big person like him because he has more experienced, more wisdom, more knowledge, more money, more power and more everything. He is an insider while we are total outsiders. He is rich while we are poor. So what he says holds lots of weight in this market. The fact that he mentions that the altcoinseason starts next year means that we still have some reckoning to do this year.
I am using the log chart here because it looks better than the linear chart. Here is the linear chart for reference:
What I like about the linear chart is that it shows where we really stand compared to previous cycles. While the log chart is only good for spotting patterns and being able to map lows and highs. It can really distort what is truly happening but they both serve their purpose. Neither one nor the other, we use both.
New ATH potential for Bitcoin Cash is about 13X from current price. Remember that this is not likely the bottom of the current bearish wave so it is possible that we will see lower prices before the full-blown bull-market in 2025. Meaning, total growth potential will be higher if the calculations are done from the low point of the correction. This is just a small detail because any earnings are good. All winnings are great. The focus is on winning because if you win you can keep on trying and as you keep on trying you gain experience and with experience you can improve your game.
You can win small many times and build confidence and experience in order to start winning big. You can also win big if that's your wish, patience is all you need.
Strategy: We wait a bit longer and see how things develop. If prices move up, we are not worried we just let it roll because a bull-market can last for years not weeks nor months. There will always be times and opportunity to jump in. When a clear bottom forms, buy and hold. Buy and hold because the last bull-market lasted more than 12 months. After 8 months of buying look at the chart, if prices are up start selling in small portions. That's all. You don't have to be 100% right. You don't have to sell everything in one go. You can sell 5% here, 10% there. 20% here, 20% there and so on until you exhaust all your coins. The trick is to wait patiently and once in the big green... Give thanks, take the profits and move on.
Never marry a project or a pair. If things go wrong, accept the loss and move on.
Never blame another for your own actions. That's a sure way to failure. Even if someone incites you, take responsibility because taking responsibility is the only way to avoid repeating the same mistakes.
Mistakes are good if we can learn from them. Experience can be gained.
As long as you persist and study while you trade; you are sure to win in the long-run if you never give up. Never, ever, ever give up, on anything. Just keep going, keep trying, keep fighting, keep playing, keep rising until you win. And when you win, keep on winning and winning and winning and winning forevermore...
Thank you for reading.
Namaste.
Good evening ladies and gentlemen... Are you ready to be entertained?
Bitcoin Cash peaked before the rest of the market in 2021, it did so in May while many altcoins peaked in April and November 2021. In 2023, it started to grow in June together with XRP, before the rest of the market but peaked in April 2024, after the rest of the market. Pretty interesting.
Looking at these variations and the numbers in general we can say that Bitcoin Cash stands out as a strong project. When I am looking at these charts there are always a few that standout. It would be easy to build a very strong portfolio with 8-15 projects that have always done great in the past and are likely to continue doing so in the future.
I had some doubts approaching this pair, to be honest. It was there, almost first in the list and I quite couldn't put my finger as to how the "accumulation zone" would develop. I was in doubt as to the actual end of the current correction. I let it go, forgot about it and started to work on the other pairs. Sure enough, after a while, everything became clear on its own. It is likely we have not seen the bottom just based on the mere fact that it is still a long time before the bull-market starts.
Arthur Hayes, the BitMex guy, came out recently and basically agreed with what I had to say. He says that the altcoins bull-market will only start in early 2025. Great, we agree on this point. He also said that this would happen after Bitcoin moves beyond $70,000 and Ethereum $4,000, and this is likely to also happen in early 2025, so great, we agree again. It is good to have the same perspective as a big person like him because he has more experienced, more wisdom, more knowledge, more money, more power and more everything. He is an insider while we are total outsiders. He is rich while we are poor. So what he says holds lots of weight in this market. The fact that he mentions that the altcoinseason starts next year means that we still have some reckoning to do this year.
I am using the log chart here because it looks better than the linear chart. Here is the linear chart for reference:
What I like about the linear chart is that it shows where we really stand compared to previous cycles. While the log chart is only good for spotting patterns and being able to map lows and highs. It can really distort what is truly happening but they both serve their purpose. Neither one nor the other, we use both.
New ATH potential for Bitcoin Cash is about 13X from current price. Remember that this is not likely the bottom of the current bearish wave so it is possible that we will see lower prices before the full-blown bull-market in 2025. Meaning, total growth potential will be higher if the calculations are done from the low point of the correction. This is just a small detail because any earnings are good. All winnings are great. The focus is on winning because if you win you can keep on trying and as you keep on trying you gain experience and with experience you can improve your game.
You can win small many times and build confidence and experience in order to start winning big. You can also win big if that's your wish, patience is all you need.
Strategy: We wait a bit longer and see how things develop. If prices move up, we are not worried we just let it roll because a bull-market can last for years not weeks nor months. There will always be times and opportunity to jump in. When a clear bottom forms, buy and hold. Buy and hold because the last bull-market lasted more than 12 months. After 8 months of buying look at the chart, if prices are up start selling in small portions. That's all. You don't have to be 100% right. You don't have to sell everything in one go. You can sell 5% here, 10% there. 20% here, 20% there and so on until you exhaust all your coins. The trick is to wait patiently and once in the big green... Give thanks, take the profits and move on.
Never marry a project or a pair. If things go wrong, accept the loss and move on.
Never blame another for your own actions. That's a sure way to failure. Even if someone incites you, take responsibility because taking responsibility is the only way to avoid repeating the same mistakes.
Mistakes are good if we can learn from them. Experience can be gained.
As long as you persist and study while you trade; you are sure to win in the long-run if you never give up. Never, ever, ever give up, on anything. Just keep going, keep trying, keep fighting, keep playing, keep rising until you win. And when you win, keep on winning and winning and winning and winning forevermore...
Thank you for reading.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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