The 2024 Crypto Bullrun Is Here (What You MUST DO NOW!!)
TLDRThe video script discusses the current state of the cryptocurrency market, highlighting the excitement around the bull run and the importance of being prepared for potential market shifts. It presents two theories: one suggesting a longer market cycle with a possible downturn in 2024, and another adhering to a traditional 4-year cycle. The speaker emphasizes the need for caution, suggesting strategies such as maintaining a balanced portfolio, setting sell levels, and monitoring narrative pumps. The overall message is to stay informed and ready for the unpredictable nature of the crypto market.
Takeaways
- 📈 The crypto market is currently experiencing a bull run, with portfolios increasing in value daily.
- 🎉 It's important to celebrate achievements in the crypto market, especially after weathering a bear market.
- ⚠️ There are concerns that investors might be overlooking potential future market downturns while enjoying the bull run.
- 🔮 Two main possibilities are discussed: a continuation of the bull run or a significant market correction in the next 6 to 18 months.
- 🌪️ The first theory suggests that the market could be part of a larger cycle, leading to a prolonged holding period for tokens.
- 📊 The second theory aligns with the traditional 4-year cycle, predicting a bull run followed by a bear market.
- 🤔 The speaker finds the first theory more compelling, suggesting a shift away from the current 4-year cycle pattern.
- 🚀 The speaker does not expect a massive crash after the Bitcoin halving, as it is likely already priced into the market.
- 🔄 The speaker advises maintaining a balanced portfolio with a mix of crypto and stable coins, and being prepared for market movements.
- 📝 Setting sell levels for each cryptocurrency is crucial to manage risk and ensure timely exits.
- 📢 Pay attention to narrative pumps and consider them as a signal to potentially sell if sell levels haven't been reached.
Q & A
What is the main concern expressed in the video about the current crypto bull run?
-The main concern is that people might be neglecting potential future market changes while being distracted by the success of the current bull run.
What is the first theory presented in the video about the crypto market cycle?
-The first theory suggests that the Bitcoin halving is priced into Bitcoin's current value, and the market might be part of a larger cycle with diminishing returns and longer troughs to tops.
Who introduced the lengthening cycle theory mentioned in the video?
-A gentleman named Credible on Twitter introduced the lengthening cycle theory.
According to the video, what is the expected timeframe for the next significant market downturn?
-The video suggests that the next significant market downturn could occur in the third or fourth quarter of the current year.
What is the second theory presented about the crypto market cycle?
-The second theory follows the regular 4-year cycle, predicting two years of bullish momentum followed by two years of bearish momentum, with the next Bitcoin halving expected to occur in 2024.
What does the Stock-to-Flow model predict for Bitcoin's price?
-The Stock-to-Flow model predicts that Bitcoin's price could reach $500,000 if it follows the historical pattern.
What advice does the video give regarding the expectation of a Bitcoin halving crash?
-The video advises not to expect a massive crash after the Bitcoin halving, as it is likely already priced in and miners are unlikely to sell due to their current profitability.
What is the recommended risk-reward ratio for being in crypto versus out of crypto according to the video?
-The video suggests a risk-reward ratio of being about 70% in crypto and 30% in stable coins or cash.
Why are sell levels important according to the video?
-Sell levels are important to manage risk and ensure that one is prepared for the next big market movement, whether it's an impulse wave or the start of the bull run.
What should investors do when a narrative pump occurs for their altcoin?
-Investors should keep an eye on narrative pumps and consider selling if the interest in the narrative appears to be losing steam, especially if they haven't hit their sell levels.
What is the overall message of the video regarding the current state of the crypto market?
-The overall message is that while it's a good time to celebrate current gains, investors should also prepare for potential future market changes and have a clear strategy in place.
Outlines
📈 Crypto Market Bull Run and Potential Pitfalls
The paragraph discusses the excitement of making money in the crypto market during a bull run and the importance of being cautious. It warns viewers that while they enjoy the upward trend in their portfolios, they should be aware of the potential risks ahead. The speaker mentions two possibilities that could catch many off guard, especially if they are new to the market. The video aims to educate viewers on these risks and encourages them to learn more about the crypto market to prepare for any eventualities.
🔮 The Lengthening Cycle Theory and Market Predictions
This paragraph delves into the Lengthening Cycle Theory, which suggests that the duration and returns of each crypto market cycle are increasing. The speaker references a Twitter user with a large following who has been predicting this trend. The theory is based on the idea that the trough-to-top duration is lengthening, and the returns are diminishing. The speaker discusses past cycles and how the current market behavior aligns with this theory, suggesting that the market may experience a downturn in the near future, potentially leading to a long holding period for investors.
🌪️ Market Trends and the Stock-to-Flow Model
The speaker presents two theories about the future of the crypto market. The first is the continuation of the 4-year cycle, which predicts a bull market followed by a bear market. The second is the Stock-to-Flow model, which has historically predicted the timing of Bitcoin halvings and market cycles. The speaker points out that despite recent market volatility, the Stock-to-Flow model is back on track, suggesting a potential bull run in 2025. The speaker emphasizes the importance of being prepared for either scenario and not relying solely on the 4-year cycle, as market dynamics may change.
🚀 Preparing for Market Volatility
The paragraph focuses on strategies for dealing with the unpredictability of the crypto market. The speaker advises not to expect a massive crash after the Bitcoin halving, as it is already priced in. They suggest maintaining a balanced portfolio with a mix of crypto and stable coins, and emphasize the importance of setting sell levels for each cryptocurrency. The speaker also warns about narrative pumps and the need to monitor market sentiment to make informed decisions about when to sell or hold assets.
📊 Navigating Narrative Pumps and Market Sentiment
The speaker discusses the importance of tracking narratives in the crypto market, especially when an altcoin reaches an all-time high. They provide an example of the Oracle narrative and how it affected Chainlink's price. The speaker advises viewers to be cautious when a narrative's interest starts to wane and to consider selling if the asset has not reached their sell levels. They also mention an upcoming exit plan calculator for their private community to help manage sell levels and reduce stress in trading decisions.
Mindmap
Keywords
💡Crypto Bull Run
💡Confirmation Bias
💡Bitcoin Halving
💡Lengthening Cycle Theory
💡Stock-to-Flow Model
💡Narrative Pumps
💡Sell Levels
💡Market Sentiment
💡Risk Management
💡Market Cycles
Highlights
The speaker discusses the current positive sentiment in the crypto market, with portfolios rising daily.
The speaker warns of potential future market downturns that could catch investors off guard.
Two possibilities for the crypto market's future are presented, both with significant implications for investors.
The first theory suggests a longer market cycle with diminishing returns, potentially leading to a prolonged holding period for tokens.
The second theory aligns with the traditional 4-year Bitcoin halving cycle, predicting a bull run followed by a bear market.
The speaker mentions the 'lengthening cycle theory,' which suggests that market troughs to all-time highs are getting longer.
The Elliot wave pattern is referenced as a technical analysis tool that supports the lengthening cycle theory.
The speaker discusses the impact of unforeseen events like Luna, FTX, and bank collapses on the crypto market.
The speaker anticipates a potential market peak in Q3 or Q4 of 2024, followed by a deep bear market.
The speaker suggests that the current bull run might be part of a larger, ongoing cycle from the 2022 market.
The speaker advises not to expect a massive crash after the Bitcoin halving, as it's likely already priced in.
The speaker recommends a balanced portfolio with a risk-reward ratio favoring being more in crypto than out.
The importance of setting sell levels for each cryptocurrency is emphasized to manage risk.
The speaker warns about narrative pumps in altcoins and suggests using them as a signal to sell if sell levels haven't been reached.
The speaker concludes by urging investors to be prepared for the next market hurdle, rather than just celebrating current gains.
