Hello everyone, I wanna help people to understand what we really need in able to be in the profitable side nomatter what market you might be in or in this case, the crypto market.
I am a newbie back on november 2017 (and i'm still a newbie till now, hungry for knowledge) So i feel missing out. I wanna learn more as soon as possible in able to exploit this one of a lifetime opportunity that crypto has given us.
I study and learned investing, reading charts base on price action, watching and reading financial education stuffs and watching motivational videos as well. I want to share this awesome thing called MARKET CYCLE where emotions is the main driver of this cycle and human tends to act base on emotions that's why this MARKET CYCLE thing is really powerful when it comes to investing.
Every market booms and busts, no market goes up forever. If you master the MARKET CYCLE. You will be most likely going to win than to lose.
Market Cycle composes of 5 phases according to Chris Dunn on youtube.
By the way, this guy is one of the most honest and helpful guy on youtube, you need to know who to follow
phase 1
Accumulation phase = comes after the big crash and after the high volatility, you can determine the accumulation phase by its price action. It should be doing a "series of extension to the upside, a pull back and an extention to the upside" in able to be determine as an uptrend. (But is not a new higher high than the previous historical high before the crash happens)
phase 2
Healthy trend = This is the time when the NEW HIGHER HIGH will be created. Meaning, that a new higher historical price will take place of course with a "series of extension to the upside, a pull back and an extention to the upside" that is bigger than the accumulation phase.
phase 3
Unsustainable Parabolic Move = This is the time when the market is too optimistic about the blockchain. The media talks gold about it, The people all over social media are dancing because of happiness thinking that we are all going to be rich and the price will keep on going up. On the chart you can see BIG GREEN CANDLES that you haven't seen for a while since the last crash. This is when i will sell my shitcoins that i got from bounties and airdrops (cash-out a significant amount of it to fiat) and wait for the crash to occur in able to add position to my crypto portfolio.
phase 4
CRASH = This is the time when everyone is panicking, you can see a lot of regrets on social medias. And you can also see the media trashing the blockchain.
phase 5
High Volatility = This is the time when The market will go sideways. After this, we will go back to the phase 1.
That's it, being able to identify this is something that will help you through your journey of investing in crypto or any other financial market because the cycle always occurs ! But nobody knows when. Keep your eyes on these Phases of Market Cycle people !