After several months of intense work, I have decided to bring you this graph that I find very interesting to analyze and that each of you wonder at what price will you sell your bitcoin or your satoshis?
Let's see
"Bull markets are characterized by a decline in the supply of BTC in the hands of hodlers, as long-term investors move old currencies for profit."
Bitcoin Cycles
As we can see in the graph, during the bullish price cycles of Bitcoin, holders sell their coins as the price rises.
Holders accumulate Bitcoin in the low zones and it is logical that they take profits when they consider that the price has reached its maximum
Holders start to sell when the price exceeds the price of the previous cycle. (we see in the graph how the yellow line decreases)
As the price goes up, the holders are shedding their bitcoin, making a profit from their sales.
Now looking at the previous cycles, we can identify a low, middle and high part of the price.
Now you have to ask yourself. At what price will you sell your Bitcoins?
Do you think $ 20,000 is the maximum?
Do you think $ 50,000 is the maximum?
Do you think $ 150,000 is the maximum of the bull cycle?
Every time you want to sell your bitcoin, ask yourself in what part of the cycle of the graph I am selling
Ponder
Are you selling in the low, middle or high part of the cycle that is beginning?
What you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
Protect your Investments
Lately I have noticed that there is no good analysis on steem, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks.
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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