๐ When to Exit market ? ๐
Or
get into the Bearish Trap for several years ๐ท
๐ On the RSI (monthly timeframe), when we approach the 70 level, historically, it signifies the peak growth of the bull run, indicating a potential exit point for altcoins.
๐ Closing above the previous all-time high (ATH) often results in a significant surge, followed by a correction. Subsequent highs on price but lower highs on the RSI signal divergence, indicating weakening momentum.
๐ Once the second top is confirmed with RSI slope turning down, marked by the black vertical line, it's considered the optimal selling point.
๐ This marks the beginning of a bear market, with the RSI dropping below 50 and remaining there for a prolonged period, presenting an opportunity to buy or accumulate altcoins.
๐ As the RSI climbs back above 50, it signals the start of the initial bull market phase, followed by a rise above 70, indicating a cycle repeat.
๐ This cyclical pattern guides the timing for exiting altcoins during peak bullish phases, followed by accumulation opportunities in bearish periods, aligning with historical RSI trends and market cycles.
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