I am expecting the next bubble top to be the rejection at the previously broken major support, as was the case for the past 2 bubbles. If you see it in the green zone, you know what to do. If you see it in the red zone, you know what to do. ** NOT FINANCIAL ADVICE **
Accumulating ETH $30-$130 range. *** NOT INVESTMENT ADVICE ***
My first alt I'm going to accumulate is NEO. An established dividend yielding coin, it is destined to do well in the bull market. A break out of the red rectangle would signal a bull market commencing. I will be buying within the accumulation range shown. *** NOT INVESTMENT ADVICE ***
Bitcoin is a series of bubbles, it's important to get in and out at the right times. There's going to be a lot of people making money and a lot of people losing money. Make sure you're the former. This chart is a long shot, but it's more so to remind people that major supports CAN and WILL be broken. You need to zoom out to get a better perspective.
I have many long term charts on my account, look at them and PREPARE. It's best to assess all possibilities on how this next bull market will come to fruition. You can make money here, but not if you follow the general consensus.
You can make money in this bear market, just don't be delusional thinking the next bull market is around the corner. Bulls make money, bears make money, pigs get slaughtered.
Here we can see a typical rising wedge being formed on the 4-hour. High-timeframe classical patterns have proven to be reliable the past few months.
My first chart, let's see how it goes. I recommend a short and take profit at 8.3k, we can re-evaluate at 8.3k and see where to go from there.