So far this bullrun is following the same/similar pattern as the previous (2013 and 2017). September has been a bearish month on all bullruns. But on the bright side, September has been the last stop before the 2nd wave of the bull cycle. There are so many price predictions on BTC but the key thing to notice is the RSI on the monthly chart. That's the best way we should plan our exit strategy and banking our profits in this bull cycle.
In previous bull cycles, we hit the bear cycle after BTC hitting the 90 RSI twice and so far this bull cycle we hit only once. And 2nd wave towards 90 RSI happens after the September correction. So we could see a massive pump from here. But we need to keep an eye on the RSI to prepare the exit. Wait for the 2nd hit and take your profit. Look at the 2013 bull cycle is a mirror copy of this bull cycle and 2017 is very similar.
This is not financial advice please DYOR and have a good bullrun
In previous bull cycles, we hit the bear cycle after BTC hitting the 90 RSI twice and so far this bull cycle we hit only once. And 2nd wave towards 90 RSI happens after the September correction. So we could see a massive pump from here. But we need to keep an eye on the RSI to prepare the exit. Wait for the 2nd hit and take your profit. Look at the 2013 bull cycle is a mirror copy of this bull cycle and 2017 is very similar.
This is not financial advice please DYOR and have a good bullrun
