Bitcoin Price and Market Analysis

Introduction

• Current question: Is it "dumptober"?
• Reflect on whether you sold your Bitcoin or altcoins recently.

Bitcoin Market Overview

• Recent price dump before anticipated market moves.
• Disappointment with October's start; not the expected "moon" trajectory.

Historical Bitcoin Trends

• Monthly Candles Chart Analysis:
  • Review of Bitcoin's 14-year history.
  • Consistent patterns of consolidation across cycles.

Cycle Analysis

• First Cycle:
  • Sideways and downward movement for 580 days after the June 2011 all-time high.
• Second Cycle:
  • 1,250 days of sideways market from 2014 to early 2017.
• Recent Cycle:
  • 1,100 days of sideways movement since March 2021 all-time high.
  • Recent months noted as particularly stagnant.

Expectations for Bitcoin

• Anticipated 1,100 days to surpass previous all-time highs and enter a bull cycle.
• Historical October trend:
  • 9 out of the last 11 Octobers were "green".
  • Only 5 of those had a green first week.
• Reminder: Sideways markets often precede significant upward trends.

Personal Trading Insights

• Bitcoin Trade: Ongoing with 92 Bitcoin in profit.
• Ethereum Trade: 170 Ethereum in profit.
• Current position: $7 million USD in profit.
  • No plans to scale trades up or down.

Conclusion

• Current downtrend doesn't signify a bear market.
• Potential parabolic phase anticipated soon.

Additional Information

• Encouragement to remain patient, as the market trend is expected to change.
• Opportunity to join the World Series of Trading with a $30,000 bonus on Bybit.

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• Call to Action: Like the video, share thoughts, and participate in trading opportunities.
• Closing remarks: Stay tuned for further updates.