JoeFares

Lisk - Incoming Bull Run?

Long
JoeFares Updated   
POLONIEX:LSKBTC   Lisk / Bitcoin
The tech may be new, but the market dynamics and psychology of market actors stays the same.

As new participants join cryptocurrency, it will be valuable to refresh yourself on hundreds of years of experience and research in market cycles and dynamics that are not only valid for crypto but also the stock market, real estate and literally every other market out there..

Working knowledge of these patterns and analyzing how those market cycles have played out in the past, will make more informed investors and hopefully wealthier ones too.

Demonstrated on the chart above are the 3 Lisk market cycles and an expectation of what we could expect in the current 4th market cycle.

In the coming days/weeks, we will see the anticipated CORE V1.0 release which might get people hyped up again on Lisk and we might see a decent bull run to close our 4th Market Cycle.

I personally believe in Lisk and expect the extreme bull action to be kicking off once Lisk releases their SDK and opens its doors to mass adoption where we could see a bull run similar to what we had in the 3rd market cycle, if not bigger.

It has been extremely painful for all hodlers out there during the past couple of months and this is why I strongly advise you to take profits whenever possible to have hedge to buy such severe dips and be able to capitalize from those recurring market cycles.

ACCUMULATION PRICES:

40% Position at 75,000 Satoshis
25% Position at 65,000 Satoshis
35% Position at 60,500 Satoshis


Target Profits:

TP1: 99,500 Satoshis
TP2: 118,500 Satoshis
TP3: 154,500 Satoshis
TP4: 170,000 Satoshis


Good luck!

I am not a professional trader nor a financial adviser. Please invest/trade at your own due diligence!
Comment:
Lisk bags filled!
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