how to time the market?
As markets move through the stages of the price cycle, moving from downtrends into sideways accumulation, and from sideways accumulation into uptrends, eventually cycling into sideways distribution and finally new downtrend, there is always some genius who thinks that the bottom is in or the high has been made.
Occasionally they are right, but even then, they get out too early and rarely exploit the true potential of their position, typically exiting without any understanding of return on risk.
As Bitcoin continues its accent, the bullish articles continue unabated with one article (in a respected high circulation publication) claiming the cause of the rally was Bitcoin’s RSI, relative strength indicator, reading.
Timing the market perfectly has always been the dream of traders and investors and for obvious reasons it is impossible to do so, that has not stopped people from trying all kind of approaches to get to their goal and if anyone has ever reached that goal you can be sure they have kept that information a secret for everyone else, but the truth is you do not need to time the market perfectly to make profits in the market, as long as you have a strategy that can get you in a position early enough then you will get profits.
