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With the recent move to 52k+ prices, some have claimed the #Bitcoin 4-year cycle is now out of the question.
Their evidence, the .618 cycle retrace.
This retrace has marked the mid-top for each cycle, a point that comes in the middle of the cycle and brings large corrections (40 - 54%) and sideways periods.
Price has now surpassed it seemingly defying the rules.
But what if this is standard? There is a chance it may be.
The best way to measure these retraces is from weekly candle bodies, which allows us to include Cycle 1.
When we do this, we find that cycles have always made two primary tops above the .618.
This would have made 49k the first, and the second is in progress.
The amount that each cycle has risen over the .618 has been between 6 and 26%. This cycle is at 13.5%.
Even a weekly candle close occurred in 2016, making our close above not out of the ordinary.
People Who Know Price Manipulations Will Make Max Profit In 2024
Learn them now or continue to be outplayed. Time: 5 mints Profit: x100 in a bull run Here's how Huge players Manipulate the crowd🧵👇
➮ Before we begin make sure to SHARE or SAVE this Article👆 ☩ Cause, when BTC breaks the ATH, this guide will make you not 2 but x50-x100 profit. 2/➮ Smart money, whales, insiders all these terms signify the same ☩ Group of players who control the market & determine price direction ☩ Today, I'll show all price manipulation they leave on the chart 3/➮ Due to massive capital, they cannot drop $1M on tokens in 1 trx ☩ The price will instantly increase by 10-20% & everyone will know that smn big has purchased the coin. ☩ Therefore, their main goal is to remain unnoticed while accumulating 4/➮ Accumulation phase ☩ To evade detection, big players create a trading range. ☩ Using their capital, whales holds the price at certain levels... ☩ While obtaining the desired amount of coins with thousands of small trx 5/➮ If simplified, all trading for whales looks like: Accumulation (Buy) > Pump > Re-Acc (Buy) > Pump > Distribution (Sell) > Dump > Re-Distr (Sell) > Dump ☩ So, 1st phase: buy at specific lvls within trading ranges ☩ Then, 2nd phase: sell at higher ones > take profit.
6/➮ Now, let's learn some of price manipulations ➮ Range Manipulation ☩ Consolidation cannot last forever. ☩ After 5-6 touches of top/bottom lines they're usually broken ☩ But in cases where the price hits breaking point but returns back, it's called manipulation
7/➮ A major player artificially creates this situation. ☩ They aims to minimize participation in the real move by driving the price one way, forcing some traders to exit with losses. 8/➮ How to use: ☩ After the manipulation has formed, ☩ It becomes a strong support or resistance level ☩ From which the price seeks to get a reaction.
9/➮ FVG (Fair Value Gap) ☩ After some time, the price wants to cover FVG. ☩ Therefore, it can be used as a good support or resistance level.
10/➮ A large player doesn't benefit from many people making money. ☩ Therefore, after the pump price often tends to pull back the movement ☩ So that those who entered after FVG closed their positions.
11/➮ How to use: ☩ Wait for the impulse movement ☩ Highlight the gap between the 1st and 3rd candles ☩ A short FVG acts as resistance ☩ A long FVG acts as support.
12/➮ Most of the coins I research are already listed on major CEX. ☩ To buy alts in my portfolio, I usually use @Binance ☩ Here's link: JOIN BINANCE ☩ But if they're not listed on any CEXs, then I use Uniswap, Defilama, etc.
13/➮ How to find alts with x50-x100 upside? ☩ Key point is to notice the group of whales who is accumulating ur coin ☩ Soon, I'll make a thread with my personal strategy ☩ So, make sure to follow me @Crypto PM & turn on notification 🔔
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