Can Crypto Go Parabolic Much Longer? (Exit Strategies)

in #bitcoin2 months ago

Parabolic moves can only sustain themselves so long. It won't go parabolic indefinitely as people take profits or rotate into other assets and try to set themselves up for a more solidified passive income stream. You have to secure the bag at some point in crypto.

https://colintalkscrypto.com/cbbi/ - Colin talks crypto came up with an interesting indicator to see where we are at in bull runs. It has actually been a pretty good metric overall as a baseline to look at. Last peak in 2021 when Bitcoin went to $69,000 the metric peaked out at 85 out of 100. The metric actually had went higher the first peak even though the price didn't get as high that time. It had went clear to 97 out of 100. Earlier when I filmed the video the metric hit 78. Now suddenly it is a 81. This kind of pace can really only continue like it is for a week or 2 in my opinion. This is melting faces for sure.

A lot of investors have skipped over investing in some of the Layer 1 smart contract platforms before going after memes. The memes started banging out super hard so tons of people are in chase mode.

Colin Talks Crypto's CBBI Indicator is suddenly at 81 out of 100 and the Fear and Greed Index is at 90 out of 100. Both these indicators have stayed close to peak for the cycles for weeks or even a month. So a couple weeks or even a month of this craziness isn't out of the question.

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But then the problem is - if you sell your crypto, you don't have it anymore. And if it keeps going up, you risk being left out to dry forever and regret it.
Bitcoin seldom went lower than the previous ATH. Except 2022 - 2023 when it went briefly to about 16k, below the 2017 ATH. My bet is that this time the ATH will be around 250k. And when it will get back down, it will stay above the previous ATH at around 69 k. Trading is a fool's game, too risky.

Yeah that's why it might make more sense to just keep the core assets and leverage against them during bull market times to buy Alts that are outpacing core assets.

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