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Cardano Ecosystem

BITCOIN Parabolic Crypto Signal TRIGGERED! (It's NEVER Been Wrong)

03/31/2024

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283 views


Crypto Capital Venture

In this video, I discuss the intriguing pattern of long-term holder supply in the cryptocurrency market, particularly focusing on Bitcoin. I delve into how this pattern has historically predicted the onset of parabolic bull cycles through on-chain metrics, and I believe it's signaling another such cycle right now. This analysis is rooted in a chart I began tracking back in 2018, around the time I started sharing my crypto journey online. My exploration into the cycles of Bitcoin, especially how they align with Bitcoin halvings, has revealed a consistent rhythm attributed to market psychology and investor emotions. This realization was further solidified by insights from an article by On Chain College, which led me to a deeper appreciation for on-chain metrics. I cover how these metrics, alongside technical analysis principles like Fibonacci retracement and moving averages, can forecast market movements. Specifically, I focus on the increase in long-term holders during bear markets and their decrease during bull runs, indicating smart money's buy and sell strategies. The discussion also navigates the potential implications of current market trends versus past cycles, pondering if we're on the brink of a parabolic run or facing a period of consolidation. I wrap up by emphasizing the significance of having a profit-taking plan and share my optimism for the current cycle, encouraged by indicators like the bull market doors and upcoming Bitcoin halving. This analysis underscores the blend of technical and on-chain data in predicting market dynamics, inviting viewers to engage with this compelling narrative.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=gixowF6H...

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