The Bull Market Hasn't Started Yet
When the market is down on days like today, I often get asked what I think when the bull run is about to continue.
My answer is simple: It hasn't even started yet.
Here's why 👇
➡️ What we've seen so far this year are two things: Bitcoin performing exceptionally well, driven by the ETF approval and a meme coin hype.
➡️ The rest of the market has continued to move sideways. Yes, we had some nice pumps, but:
- Most tokens are almost back to where they started in January
- Many tokens are still at their cycle low in their BTC pair.
➡️ Most tokens are in a downtrend based on their long-term moving average (see screenshot below). This, actually, is the last thing you expect in a bull run.
➡️ The total crypto market cap is still below the value of the ATH in November '21
Here's how it feels when the bull run starts 👇
🚀 Altcoins will gain incredible strength in their Bitcoin pairs (actually the most crucial indicator).
🚀 The majority of the tokens will move above the EMA200 quickly.
🚀 The overall market cap will start climbing at a massive pace (during the last bull run, the market cap grew ~800% compared to the previous ATH).
Therefore, monitoring BTC pairs is essential since this is an early indicator of positioning yourself.
My answer is simple: It hasn't even started yet.
Here's why 👇
➡️ What we've seen so far this year are two things: Bitcoin performing exceptionally well, driven by the ETF approval and a meme coin hype.
➡️ The rest of the market has continued to move sideways. Yes, we had some nice pumps, but:
- Most tokens are almost back to where they started in January
- Many tokens are still at their cycle low in their BTC pair.
➡️ Most tokens are in a downtrend based on their long-term moving average (see screenshot below). This, actually, is the last thing you expect in a bull run.
➡️ The total crypto market cap is still below the value of the ATH in November '21
Here's how it feels when the bull run starts 👇
🚀 Altcoins will gain incredible strength in their Bitcoin pairs (actually the most crucial indicator).
🚀 The majority of the tokens will move above the EMA200 quickly.
🚀 The overall market cap will start climbing at a massive pace (during the last bull run, the market cap grew ~800% compared to the previous ATH).
Therefore, monitoring BTC pairs is essential since this is an early indicator of positioning yourself.
I'm Ben. Crypto lover, trader, and coder.
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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.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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.