Notice the huge difference between the bullish wave in 2021 vs the bullish wave in 2023! This is why I dubbed 2023 the "recovery year." Last year many Altcoins produced a nice wave, a recovery but definitely not a full-blown bull-market. Of course, there are always exceptions to the rule.
The full-blown bull-market is set to happen next year —2025.
The accumulation phase after the bear market (long-term correction), lasted 530 days. This type of very long accumulation phase drives many people away from the market. By late 2023, not many people were around to enjoy the bullish wave that ended earlier this year.
A small bullish wave in 2023 (compared to 2021), ending early 2024, will be followed by a short accumulation phase.
➖ The next accumulation phase won't be as long as before. ➖ The next bullish wave won't be as small as before.
👉 The next bullish wave will be huge, we are set to experience massive growth.
👉 ChainLink has the potential to hit $85 as the next All-Time High, if things go bad. The true potential go as high as $135, and this is more likely.
We have to consider that Bitcoin is now mainstream and even the Altcoins are getting full worldwide exposure. Everybody will be rushing to buy, hold and use Crypto for speculative purposes and as a means to exchange value.
The last bullish cycle was truly great —2021.
What we are about to experience next is something we cannot even comprehend; The numbers will be off the chart, literally.
Strategy: Buy and hold.
It is easy to get confused when we are taking about "high frequency trading," computer bots and algorithms, complex strategies and energy draining garbage.
I read a trading book that was 700 pages long; text, text, text. The real tips were given in just a few lines and the rest was just jargon to confuse people. Trading is so simple that the "experts" need to write books with all sorts of nonsense so that people get lost and fail to figure out how simple it all is.
One just needs to look from far away, detach with capital on hand. Wait for the right market conditions and buy in big and wait. When euphoria and greed sets in, sell. And that's it.
There are no Elliot Waves, no Gann Fans, no Fibs., no Candlesticks, no Bars, no Fundamentals, no News, no Products, no Merge; no, no, no. It is all very simple... Hey, here is Bitcoin; buy and hold.
➖ If everybody is super hyped up and already talking about it, this means it is too late. ➖ If the environment is cool, relaxed, there is no rush and even some fear and depression, buying can be best.
➖ When the market is depressed, doubtful, trading low near support; that's the time to jump-in. ➖ When everybody is celebrating paper earnings and counting their profits; that's the time to quit.
It is just the way it is.
We can learn and study, it is useful, it can be profitable, it can be fun. But if you are here to make money, just buy and hold.
Buy and hold with the idea of waiting for years... If you can wait for years; No leverage, no margin; no risk; in the end, you are sure to win.
It is truly that easy. In one year's time, you will see what I mean.
I hope that you are around in late 2025... If you are reading this now, you have great timing.
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