️ Overbought Warning: Exercise Caution in Current Market Cycles ️
Bitcoin and many altcoins are significantly overbought in their respective cycles.
Caution is strongly advised.
Avoid jumping into investments late in the 1-week cycle. Instead, wait for the cycle to dip below 20 before considering an entry.
🧠 Quick Recap: How to Use the Cycle Signals
– Green Zone = Potential Buy Signal
– Red Zone = Potential Sell Signal
We’ve been in the red zone for a considerable amount of time now, signaling heightened risk. A retracement appears likely, so patience is key!
⏳ The Danger of FOMO
It’s tempting to trade when:
– The market moves 24/7
– Influencers flaunt their PnL cards
– News and activity are constant.
But jumping into an overheated market can lead to losses, not gains.
What to Do Instead:
– Don’t chase the hype.
– Missed a 10-15% gain? No problem! Compare that to the profits from buying in the green zone and selling in the red—you’ll make far more with less risk.
Stay Smart, Stay Patient
Remember: **There’s nothing worse than watching your portfolio bleed daily.** Avoid the stress by simply waiting for better cycle opportunities.
This is not financial advice. Always do your own research!