The current market sentiment is overwhelmingly bullish. The anticipation surrounding Trump’s inauguration and the potential for pro-crypto regulations has created massive optimism for continued upside. But isn’t this the perfect time to ask – is now a good moment to lock in some profits?
On the chart, I’m showcasing two of my custom indicators: PrimeMomentum Long Term Signal BTC and Weekly Peak Finder. Both indicators are based on long-term analysis and have historically been extremely reliable at identifying key market turning points.
Current Situation
🔸 Both indicators have flashed simultaneously. Historically, such occurrences are rare and have consistently signaled significant downward movements.
🔸 Historical correction analysis:
For Weekly Peak Finder, after a bearish signal:
- The first correction resulted in a 25% drop.
- The second correction saw a 65% drop.
- Now, with both indicators flashing together, the market has only dropped by around 5%. This is the smallest correction in history following such combined signals. Is this really it, or is the market preparing for a larger move downward?
Can we assume this time is different and the correction is over? Or is the current euphoria and optimism masking a potential larger drop?
My Decision
Considering the historical reliability of these indicators and the fact that both are flashing simultaneously, I’ve decided to lock in 50% of my BTC position. This approach allows me to secure profits while still leaving room for potential further upside.
Is the market gearing up for a historic rally, or is this the perfect setup for a deeper correction? I’d love to hear your thoughts – what’s your take on this setup?
On the chart, I’m showcasing two of my custom indicators: PrimeMomentum Long Term Signal BTC and Weekly Peak Finder. Both indicators are based on long-term analysis and have historically been extremely reliable at identifying key market turning points.
Current Situation
🔸 Both indicators have flashed simultaneously. Historically, such occurrences are rare and have consistently signaled significant downward movements.
🔸 Historical correction analysis:
For Weekly Peak Finder, after a bearish signal:
- The first correction resulted in a 25% drop.
- The second correction saw a 65% drop.
- Now, with both indicators flashing together, the market has only dropped by around 5%. This is the smallest correction in history following such combined signals. Is this really it, or is the market preparing for a larger move downward?
Can we assume this time is different and the correction is over? Or is the current euphoria and optimism masking a potential larger drop?
My Decision
Considering the historical reliability of these indicators and the fact that both are flashing simultaneously, I’ve decided to lock in 50% of my BTC position. This approach allows me to secure profits while still leaving room for potential further upside.
Is the market gearing up for a historic rally, or is this the perfect setup for a deeper correction? I’d love to hear your thoughts – what’s your take on this setup?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.