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Update
The first Bitcoin Futures ETF has been officially approved for listing!
We need to keep our eyes open on what date it will be made available for institutions to
start trading with it. This could be already late October, some when in November or even
December 2021. That said, keep your eyes open and be on alert when Bitcoin ETF trading
will get activated. Now this will ultimately help Bitcoin to go for a Bull Run 2.0 in 2021.
Stay on alert.
****************************************************************************************************
Time has come to extend my Exit Strategy thoughts within a second blog about when to
take profits.
The market is more and more lining up for the 2nd part Bull Run this year 2021. Currently,
I'm pretty convinced we will face a 'blow off top' by the end of this year, end of December is
likely. Some are claiming we might see a bull run ongoing until Q1 2022 or even longer. I
guess only time will tell.
History's showing that Bitcoin peaked out already a few times by end of November's or
early December's. I think this year will be no different. I changed my mind on this. I think
history will repeat itself, so this is why I'm personally and some experts are calling the peak
by Bitcoin as mentioned above.
Altcoins' end of bull run will take place at a later time. I will come back to the 'Top of Altcoins
bull run' at the end of this blog.
We will, no matter what, face a bear market after a most likely 'epic bull' run towards end of
2021. Prepare yourself for this mentally, already.
In the red zone - marked in the above or attached Bitcoin 'rainbow' chart.
Like other experts do call the end of the Bitcoin bull run towards end of this year, early
December 2021 will be a time period I'd do a bold mark on my calendar. I really cannot
forecast the exact time frame when Bitcoin will peak out and probably reaching a blistering
$150k - $200k as more and more expert analysts are claiming. This would lead to a Bitcoin
bull run until end of 2021, even early 2022.
But if history keeps repeating, which Bitcoin stunningly did so far this year, a $70k - $80k
Bitcoin will be the top. IF so, stay on alert from last week of November 2021 for an
upcoming Monster Altseason in approx. December 2021.
There are several signals flashing when Bitcoin faces it's peak of a bull run.
One reliable indicator will be the Bitcoin dominance chart. The 'BTC.D' (TradingView) chart
will be showing a start of a declining Bitcoin dominance within the total market cap. Please
check my first blog about Bitcoins dominance, more detailed. Link below.
When Bitcoin reaches ~40% (BTC.D chart), Altcoins will start to soar and sky rocket.
And while falling below ~40% of dominance, some est. are, we could see a drop of Bitcoin
dominance down to ~30% or even lower.
My own take is we will likely not go much lower than ~30%. Lowest maybe ~28%, IF ever.
Why? Because this bull run will be most likely led by institutions, not retailers. That said,
most institutions will buy Bitcoin and Ethereum, that's about it. So this is my argument on
why we won't see a Bitcoin dominance going lower than ~30% this bull run.
Of course retailers like you and me will take part in this bull run too, no question about it.
But what really will push this 'epic bull run' are institutional investors this time.
Watch out for Bitcoin news taking the media by storm everywhere and on all (social) media
channels being topic number 1. They will start writing about it every day, stating the
incredible increases of thousands of dollars in a single day. That will catch most peoples
attention Even those which do not care about finance and investments
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attention. Even those which do not care about finance and investments.
Also a good indicator is when news media channels are suggesting you to invest into
Bitcoin right at that moment. Probably mentioning 'Buy Bitcoin now - Be a millionaire
tomorrow'. Or something similar like that. Just keep your eyes open.
Celebrity people
Look out for Celebrity starting to tweet about Bitcoin is the ultimate thing to 'GET IN NOW'.
Stars have many followers on social media. Many of them do not hesitate to 'use them' and
make profits, while dumping their Bitcoins on them. I'm not gonna mention a specific
celebrity person here, but you will know who's famous.
Celebrities will also most likely update their profile pictures with 'Laser Eyes'. That's another
indicator.
The day when you suddenly get a phone call by your aunt, grandma or grandpa. Asking on
how can they easily and secure buy Bitcoin. I swear to my own god, you will be surprised on
how many people will get back to you when Bitcoin is flying to the moon. Of course only, if
they are aware that you're already experienced / invested in this space.
When Bitcoin has reached it's top of a bull run, money will flow from Bitcoin market cap into
Altcoin market cap. This is, when the real fun begins, especially for Altcoins.
Gains of up to and over >1,000% will be made within days. That Altcoin 'blow off top' will
endure about 3-4 weeks, usually. It will be interesting this time for how long it will last. I'm
expecting myself at least a run of 2-3 weeks (into December) I will have sold like ~50% of
my Altcoins already when Bitcoin has reached it's top. The other ~50% I will keep for the
upcoming sky rocketing Altcoin bull run weeks until it reaches it's blow off top. At least that
is my goal. Fingers crossed.
Why selling 50% before Altcoins really rocketing sky high? Because we never do have a
guarantee we will face such a scenario. I just want to lock-in my big gains and cash out. The
problem is, when you experience this kind of euphoria in that state of a massive bull run,
your brain is starting to manipulate your mind and telling 'It won’t stop going higher! You
can get much more!‘
Trust me. It's way easier said then done. So keep that hint in mind as well.
I can guarantee you - You will most probably not hit the ultimate peak point / top of selling
your Bitcoin or Altcoins. Deal with it. There's no shame about it. Be happy and grateful for
what you will get. Don't be mad at yourself watching a coin going more % upwards. It's
natural. Because if you do start to try to hit the peak point of Bitcoin or your Altcoin at all
costs, you'll end up losing your unrealized gains. You will end up in disbelief. You will start
hoping that the Crypto market will recover and go even higher. It most likely won't.
After Bitcoin has topped out at a certain price, let's assume Bitcoin will reach USD
$175,000 - correction will start to kick in. It will fall down to an est. price of $120,000 and
then bounce back. But that bounce won't reach the All Time High set at '$175k' anymore. It
might get back up to $160,000. But in that current state you will be hoping so much, that
you will forget to cash out and secure/lock in your profits.
This scenario did happen to many people back in 2017/2018. I've noticed on social media,
media and forums.
And always remember: It is NEVER wrong to take profits during an ongoing bull run!
Yours sincerely,
Dom
BTC_rainbow.jpg
#Exit Strategy
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We are heading to a very important phase right now with Bitcoin's next moves.
What's going on ?
Bitcoin is currently sitting at USD $49,491 as time of writing. It's crucial for Bitcoin to break
out of my latest TA's 'Bull Flag' to gain steam and push forward to retest the psychological
resistance level at $50k.
If Bitcoin succeeds to break through that major resistance level at $50k - we can expect
another push to test the heavy resistance level at $51k. And if BTC can break through that
heavy resistance level at $51k, I'm expecting a push forward to around $52k - $53k.
IF Bitcoin can break through $50k, $51k we will most likely see the levels around 52k and
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IF Bitcoin can break through $50k, $51k we will most likely see the levels around 52k and
53k short-term. Then again, a decisive time will hit the market as Bitcoin will then have to
decide to either go into a consolidation phase or retest and confirm the major resistance
level at $50k. IF successful doing so, we can fasten our seat belt and enjoy a blast by
Bitcoin through the roof, climbing back to All Time High levels and even more. This of
course would then lift the Altcoins too.
This would be one of the best times to make "easy" money in 2021. We will most likely face
gains for Altcoins up to 1'000% or even more, that said, a blasting 10x or more from there.
Major Altcoins like Ethereum, Cardano, Doge, Solana for ex. not included. For major
Altcoins you can expect decent rises too but more likely around 2x-3x from here.
Heading towards end of year 2021.
On a timely matter it would mean we could face a bullish September 2021, despite many
analysts praising the 'Red September'. This year is different with Bitcoin's behavior and On-
Chain data speaks for itself that we're probably not going the same ways. No guarantee
here.
What happens next if BTC fails to break through the major resistance level @ $50,000
?
As you can see in the above Bitcoin chart that BTC has failed a second time to confirm the
break through at major resistance level $50,000.
Now in the current state or phase Bitcoin is likely gonna retry the fourth time to break
through & confirm it. Now is where it gets really exciting and crucial:
Should Bitcoin fail to break through that $50k resistance level and/or failing to confirm the
support, we will most likely face a hard correction phase.
I can tell you this by my own experience a multiple times already. So this is why we are
facing a decisive short-term period of time. Be on constant alert. If it's too stressful for you,
you might consider to sideline your money into Stablecoins like USDT, USDC, DAI, BUSD.
Or you are taking the risk and you get either more gains or higher losses - depending on
the outcome.
So keep your eyes wide open. It almost can't get any more exciting than now!
I just want you to be prepared of what is coming up to us and you can lock-in your profits, if
your in profits. Or hold tight and wait what is gonna happen next.
We can only hope that Bitcoin releases it's bulls soon to reach that important goal & and we
can enjoy a ride to the moon.
Your sincerely,
Dom
Bitcoin_50k_doubleTop.jpg
#Exit Strategy
4 Likes
Bitcoin is currently battling hard to regain bullish steam to climb back to the $50,000 / $50k
psychological resistance level. Due to my latest Bitcoin Technical Analysis (TA) I've decided
to sideline my major positions of ADA & XRP to lock my profits. My other projects / tokens I
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It made me think of how easily BTC could breakthrough that 50k resistance after such a
big correction 📉 this has made me think twice.
My guts-feelings say we're gonna go for another correction down to the early 40k levels
($41.5k to $44k) before we will see a strong comeback and a hunt for new All Time Highs in
regards of Bitcoin.
I'm not saying Altcoins couldn't lift-off in that time as Ethereum is currently showing a very
strong performance and it really could go for another hunt of it's previous All Time High at
USD $4,391. This scenario would especially kick-in when Bitcoin decides to go sideways. IF
Bitcoin goes down and Ethereum up - that would be 'The Signal' of a start for big
Altseason. You don't want to miss out on such a scenario - easy money.
I suggest that you keep your eyes open. Stay on alert at all times IF possible.
I know it can be a quite stressful situation and phase but we will face a decision time soon
in my opinion.
I can be wrong with my above theory tho' and we will see a surprising push to the upside by
Bitcoin - I'll be happy about it IF that scenario kicks in. As the whole market does profit by
such a move.
I've currently sidelined my major (heavy) positions of Cardano's ADA and Ripple's XRP.
I just wanted to make sure that I lock my profits in, especially after such a spike by
Cardano's ADA. What goes UP hard - must come DOWN soon after. No matter how good a
project is.
XRP on the other hand is actually quite undervalued, still lagging behind due to the ongoing
SEC lawsuit and U.S. exchanges having delisted XRP. I still strongly believe in a successful
future Ripple's XRP token and it's business for global remittances and cross boarder
payments. Not to forget the ongoing development with private XRPLedgers for central
banks. It's only a matter of time with XRP when we will face a sky rocketing boost of value.
Ripple needs a settlement with the SEC. That can take more time into early 2022. Patience.
It will pay off.
Important Note:
I always secure a 15-20% of my total amount from my initial investments into Cardano's
ADA and Ripple's XRP on my hardware wallet Nano Ledger X
Let's see how the market evolves in the near future. I believe in a Bull Run 2.0 within 2021
and maybe even into early 2022.
Yours sincerely,
Dom
#Exit Strategy
3 Likes
IF Bitcoin is able to breakthrough that level & able to confirm it (to hold it) then we're most
likely riding the 2nd bull run of the year 2021 - or let's say we're are facing the 2nd part of
the bull run of 2021 📈
IF Bitcoin is able to crush that major Resistance Level at USD 50,000 and able to confirm it,
we can expect the second part of the Bull Run 2021.
This will also lift the Altcoins like Ethereum, Cardano, XRP & many others too. So be
prepared for impressive gains in %.
To be honest, hold your "guns" tight right now. Before releasing the trigger to cash-in your
profits (IF you did buy the dip during the big correciton down to the USD 29,000 Bitcoin).
Monitor the market very tight right now. IF Bitcoin is able to break that $50k Resistance
Level relatively easily & able to confirm it (to hold it) then we can expect the next stage of
upwards moves. The whole market cap will rise on almost a daily basis. Current market cap
is around USD 2.125 Trillion. I think we could reach at least a USD 3 Trillion market cap by
the end of 2021.
To hold your positions tight and enjoy the upwards trend & gains in the market I'm talking
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To hold your positions tight and enjoy the upwards trend & gains in the market. I m talking
about mid-term holdings - until end of year 2021. Not short-term.
Important Note:
Even if Bitcoin is able to breakthrough USD $50k and confirm it short-term, it can happen
that a correction will kick-in to retest lower support levels again, below $50k! So also
Altcoins can face a significant correction in that phase. But I'd expect a relatively quick
comeback to get back above USD $50,000 by Bitcoin.
IF Bitcoin is facing heavy resistance at the major Resistance Level at USD $50,000 -
expect a correction incoming. For example:
IF Bitcoin fails to breakthrough that major Resistance Level @ $50,000 - and fails again
after a correction and a second attempt, this could lead to another upcoming bearish
phase for the whole Cryptocurrency market. It could again go to lower levels down to USD
$30,000 once again to retest.
Take your profits. Cash out or sideline your profits = put them into stablecoins and wait for
the next dump so you can re-enter the market at potential attractive prices.
Yours sincerely,
Dom
#Exit Strategy
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Credo:
It is NEVER wrong to take profits within an ongoing bull market.
Ethereum is the Master Chief of Altcoins. It shows and signals the direction for the whole
Altcoin market. It's like Bitcoin: the first mover.
Ethereum is having a blast lately and did reach a new All Time High @ USD $4,168 !
$ETH is currently a x2.9 since it's last All Time High @ USD $1,420.
This is quite the same as Bitcoin this moment. It could be an indicator for that we're
reaching a TOP of the current bull market - at least - temporary.
Due to experts strategies it's NOT the TOP of the current bull market (2021), as the Bitcoin
Dominance has still room to shrink to it's peak point (Low Bitcoin Dominance).
Bitcoin Dominance is currently sitting around 43.8%. Last time the TOP of the bull market
has been reached around 37-38%.
My latest research has resulted in an expected peak point (2021) Bitcoin Dominance as low
as ~30%.
Some are even expecting lower dominance like 25-30% Bitcoin Dominance to be reached.
I can't tell YOU what you must do now. But in my personal opinion taking profits now
between 25-50% should do YOU well. I'm talking about your whole portfolio.
You can spend that money to cover your debts (if you have) and/or you sideline that money
for the next correction/dump within the Crypto market.
We could face a major correction rather sooner than later because of Ethereum reaching
All Time High with the same factor as Bitcoin did (as mentioned above). It's not a guarantee
that we have peaked out already. It can go up still some more.
But the media attention all over the world went up quite significantly. This is also a
indicator to sell or take some profits.
INFO:
You can find the Bitcoin Dominance (Factor) on Coin Market Cap on the top of the screen
Yours sincerely,
Dom
#Exit Strategy
In this article I will show you an Exit Strategy which is very crucial to take your gains and
profits.
If you do not have an exit plan you might end up with no gains / profits at all, when the bull
cycle is coming to and end. Even tho' I'm not coming from the future, all I can say is: we will
have a significant correction incoming after a parabolic run.
And for your information, the parabolic run hasn't even started yet. The absolute hype has
yet to kick in within this bull cycle.
Note: I'm not a professional day trader yet - I'm still learning day by day and improving
If you'e more into day trading and try to make gains on a let's say daily basis then you might
consider a few important points to make sure, you'll get your profits.
I've gained many experience in Day Trading but yet have to become a professional.
I made several observations while making gains but also losses sometimes.
Important note: about more than 95% of traders are taking losses (statistically proven)
Bullet points:
This is a classic 'Buy high - sell low' scenario. You clearly want to avoid this.
- when you doubled your position in value, think about cashing out
It's never wrong to cash out and take your profits.
Example:
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If you go into a position with USD $100 and your asset/Crypto makes a 100% gain - this
makes you a total of: $200.
Make sure you cash out your initial investment of $100. This means, you secured your
profits and you're still in the game. Now you can let the asset grow with time or switch into
another asset/Crypto. Even if you lose the next trade completely, you have still your $100
secured.
An advice:
it is always good to enter a position AFTER a correction. So you can be more relaxed when
the asset / Crypto is still going further down the value.
If you enter a position when the green candle (upside) is already big, you take the risk that
the bulls are out of steam and it will correct very quick to the downside.
Because if you do enter an already big green candle, if it crashes downside quickly, you will
have to wait until it comes back up to even your entry point. And then you have to hope it
will rise even more to get your first % in profits. Just keep that always in mind.
Of course you can be lucky and ride along the big green candle and it goes much higher -
but it's a risky play.
Put it that way - if you miss a train (green candle - upside) just wait for the next train to jump
in.
Being a HODLer (Crypto) is the way to go if you're not interested in daily price actions and
Day Trading.
It is way less risky, it saves you a lot of stress, headaches and sorrows.
The ROI strategy is actually quite simple. I will make you an example which is easy to follow
and understandable.
Let's say you've bought the 1 Bitcoin (BTC) @ a price of USD $10'000:
The price of 1 Bitcoin rises in value (no matter the time span) and it doubled in value by
100%. This means your 1 Bitcoin is now worth USD $20'000.
Now you want cash out your ROI. You do this by simply sell only the half Bitcoin:
You sell only 0.5 BTC and you keep the other half 0.5 BTC of your previously bought Bitcoin.
Now you cash out your profit from BTC (USD $10'000) and transfer the money back to your
bank account.
The remaining 0.5 BTC you keep it rolling and you speculate it to grow further.
Now you're in the so called 'Safe Haven'. You got back your previously invested amount of
money but still have 0.5 BTC invested which is worth USD 10'000 in that specific example.
Now let's say Bitcoin loses completely it's value (which we know that didn't happen) your
are still break even.
This is probably the "safest" way and less stressful way of investing.
Bitcoin Halvings
The Halving event from Bitcoin are very important for the whole market. They happen
about every 4 years and they have a significant impact on the whole Cryptocurrency
market.
Last year in the year 2020 the last Bitcoin Halving did take place @ May 11th which
reduced the miner's rewards from 12.5 BTC to 6.25 BTC per found/mined block. This
generates a shortage of supply and generates a higher demand for Bitcoin as less Bitcoins
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flow into the market with time. Which ends up in a higher value for the Bitcoin.
Example: The miners need now 2x the work by their Miners (Mining Computers, known as
ASICs) to get the same amount of BTC back as rewards. Less Bitcoins distributed to
Miners leads to lesser supply for Bitcoin = BTC rises in value.
After 6 months after the Bitcoin Halving in 2020 the Bitcoin began to move upwards,
equalized it's previous All Time High @ around USD 20'000 in November 2020. The Bull
market took over the Bear market.
The history shows, that the Bull markets began about 4-6 months after a Halving event by
Bitcoin. Always keep that in mind as it could repeat once again within the next Bitcoin
Halving event in the year 2024.
The next Bitcoin Halving event will take place EST. March 13th, 2024.
You can track the upcoming Halving event with this link:
https://www.buybitcoinworldwide.com/de/bitcoin-clock/
Bitcoin Dominance
The Bitcoin Dominance is actually a very valuable factor to maximize your profits before
the Bear market returns.
You have to keep your eyes open especially for the 'BDF' (Bitcoin Dominance Factor).
When you see your Portfolio aka 'Blockfolio' growing rapidly and by unexpected high
percentage % numbers like triple digits on a daily basis (yes it can happen) then you have
to be on special alert! Keep your eyes on the BDF. If it keeps falling rapidly (more than ~1%
daily) then we are in midst of an Altcoin Season!
Bitcoin will lose it's Dominance rapidly and will most likely stagnate in price with only 5%
corrections ongoing while the Altcoins are making huge gains like 100% on a daily basis.
I think the best way to explain is to have a look at my uploaded Bitcoin Dominance Crypto
Chart. There you can see with pointed marks when Bitcoin is reaching it's end from an
ongoing Bull Run and when the Altcoin Market starts to explode and end of course as well.
In average you can tell by history an outstanding Altseason duration is likely 4-5 weeks
after Bitcoin reached it's full Bull Run potential.
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I hope my drawings on the chart will explain you what I am talking about.
Important:
When Bitcoin Dominance is falling below 50% it's really getting interesting for Altcoins.
I would keep my eyes wide open when the BDF is falling below 40% - BTC Bull Run could
then turn to an end.
I hope you can improve and maximize your profits with these strategies.
Yours sincerely,
Dom
BTC_Dominance_Chart_2017.JPG
#Exit Strategy
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