Well, it looks like it\u2019s all over. A beautiful and profitable journey lasting a year and a half is coming to an\u00a0end.<\/p>\n
About a month ago, I published the data from my long-term Bitcoin model. It shifted to a neutral stance for the second time in the current bull\u00a0cycle.<\/p>\n
How to profit in Bitcoin? A good entry isn\u2019t enough\u200a\u2014\u200aa timely exit is key.<\/a><\/p>\n For more details about the model itself, read this\u00a0post.<\/p>\n Bitcoin: End of the Bull Market or Opportunity to Buy?<\/a><\/p>\n I also mentioned that if\/when the model gives a clear bearish signal, I will definitely share that information here on the blog. And now, after a month, the time has come. The model has switched to bear\u00a0mode.<\/p>\n Current model\u2019s score\u200a\u2014\u200a0.35<\/strong><\/p>\n This doesn\u2019t mean that we will start falling today or in the next week. But it definitely indicates that we shouldn\u2019t expect any prolonged or significant growth. In the previous market cycle, after the model showed similar score, Bitcoin was able to reach a new short-term peak(year 2021). After that, it corrected by\u00a050%.<\/p>\n The signal from the long-term model is also confirmed by other indicators. In particular, I track the dynamics of Bitcoin wallets that show successful investment results (this is a separate large topic). Honestly, I haven\u2019t seen anything like this anywhere else. The ideas behind this approach were partially revealed in my articles.<\/p>\n Best Bitcoin Investors Hunting. Part 2<\/a>Deep into the Bitcoin Blockchain: Exploring Bitcoin\u2019s Best Traders<\/a><\/p>\n And I observe that smart players have almost unloaded the Bitcoin position they accumulated during the last long-term market\u00a0lows.<\/p>\n Naturally, I could be wrong. I\u2019m not encouraging anyone to follow the signals of my model. But I am happy to share them as part of a real-time experiment.<\/p>\n Bitcoin\u200a\u2014\u200aparty is almost over.<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u200a\u2014\u200aparty is almost\u00a0over. Well, it looks like it\u2019s all over. A beautiful and profitable journey lasting a year and a half is coming to an\u00a0end. About a month ago, I published the data from my long-term Bitcoin model. It shifted to a neutral stance for the second time in the current bull\u00a0cycle. How to profit […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-47195","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47195"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47195"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47195\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}