Bitcoin Approaching Cycle End - Next Moves

1 Sep

GM! It’s Strategy Master here - the only guy in crypto where you won’t pay for signals or get crushed with basic TA.

Bitcoin is nearing its 60-day cycle bottom. Why does this matter?
For long-term holders, it’s a signal that Bitcoin’s strength is about to shine with a bounce. For traders like us, it’s a golden opportunity for a profitable trade.

How can I know if the cycle has ended?

Here are 5 signs:

• The price closes above the 10-day Moving Average;
  
• An increase in volume (like a bigger sell-off);
  
• There’s a crash, a retest of the resistance line, and then another crash to form the final cycle low;
  
• The lowest point is retested (with good volume (!)), but no new low is established;
  
• The price moves above the current resistance zone.
  

Now, let’s see how the current potential cycle bottom stacks up:

• The 10-day moving average is at $61,000, but the price is still below it. ❌
  
• A slight increase in volume is noticeable. 🙂
  
• We saw a crash to $57,300, but no retest of the resistance line and no second crash yet. 🙂
  
• The lowest point hasn’t been retested yet. ❌
  
• The price hasn’t climbed above the current resistance zone. ❌
  

As you can see, confirming a cycle bottom is only possible after the fact. Right now, none of these conditions have been fully met.

However, buying close to the cycle bottom often leads to positive returns within days or weeks. The first days of a new cycle are usually marked by a big green candle.

Take the previous 60-day cycle bottom on July 5th, for example. It was fully confirmed a week later, on July 13th, when the price crossed the resistance line at $58,630.

• The 10-day moving average was crossed at $57,538, confirmed with a closed candle. ✅
  
• Volume increased for three days straight, peaking on July 5th. ✅
  
• The price crashed to $58,600 on June 24th, tested the resistance line at $63,000 on July 1st, and the final cycle low was established after another crash on July 5th at $53,700. ✅
  
• The lows were retested with good volume at $54,300 on July 8th, with no new low formed. ✅
  
• The price went above and closed above the previous resistance zone on July 13th. ✅
  

By July 13th, all five conditions were met, signaling that the cycle had ended.

10 Sep

Catatan

Bitcoin appears to have finally formed a Cycle low this cycle, several days later than initially predicted.

Price is climbing up and once it closes above $57,000 on the daily candle, the cycle low will be confirmed.

Cycles lows are always a good opportunity to buy.