Post
Topic
Board Trading Discussion
Re: When to sell bitcoin before the next bear market starts?
by
Mpamaegbu
on 20/02/2023, 11:22:37 UTC
~snipped~
History repeats itself...
Yeah, it surely does. That's why I made the analysis I did based on past records. The pattern is still there. May be in time to come we may start seeing a different pattern (which will also repeat itself for a while too) before moving on to another. For now, the old pattern still exists. When Bitcoin was dipping last year and a whole lot of investors were panicking I knew it was nothing. We even saw a worse scenario in 2018–2019. For anyone to take profit if they're already riding this bull rally, I think they should wait for Bitcoin to do a X2 on its previous ATH. I judged that from the rally of 2017 and 2021. Look at their new ATHs and crosseck with the previous ones. Check the multiples they did to get new ATHs.