BitcoinShort
Crypto Bull Market is Over!!!
I'm a big Crypto fan and investor and this is my 3rd Crypto Bull run.
We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors.
Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits.
If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In.
There is enough evidence that tells me that a Market Top is In on all 4 charts.
First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin.
Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025.
I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions.
If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins.
I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong.
In times like this, it is better to come out with some profits than no profit at all.
What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top.
What do we see now in Dec 2024?
BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar.
The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart.
Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in.
All in All, we have to take all these facts in consideration and prepare ourselves.
I hope you found this informative and helpful.
Leave your comments below and let me know if you think that the Top Is In or not.
Happy Trading.
We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors.
Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits.
If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In.
There is enough evidence that tells me that a Market Top is In on all 4 charts.
First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin.
Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025.
I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions.
If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins.
I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong.
In times like this, it is better to come out with some profits than no profit at all.
What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top.
What do we see now in Dec 2024?
BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar.
The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart.
Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in.
All in All, we have to take all these facts in consideration and prepare ourselves.
I hope you found this informative and helpful.
Leave your comments below and let me know if you think that the Top Is In or not.
Happy Trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Subscribe to our Free Telegram Channel 👉👉👉 t.me/PPATradingAlerts✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.