BTC touched 69,000 mark once again today and is clearly surging back once again after long decline and sideways movement for the last 4 months.

Does this signal the much awaited start of the parabolic phase of the cycle?

Probably yes!

The weekly RENKO chart of BTC has finally been trending up for 3 consecutive candles. The BTC dominance is around 54% and rising, similar to the 2020 bull run start. The deep correction is already over so there is now only one way to go - UP.

But that doesn't mean there will not be scary 5-10% sudden falls on the way up. In fact, such random dips happened about 12 times in the 2020-21 bull run rally. They happen to wipe out the liquidity from over-leveraged longs so the only way to help yourself keep safe from those price falls is to keep you leverage in check - don't exceed 5x leverage would be my suggestion and keep some spare USDT to support your leveraged positions just in case things get worse.

There can be a short term bleeding for Alts, especially the low caps as BTC dominance rises (they have been rising rapidly right now though as liquidity returns to the market) but eventually there should be a wave of massive gains in Altcoins within a month or two. And this time, IT WILL BE A MASSIVE SURGE - expect 2x in some prominent coins of the key bull run niches within two to three weeks period.

If you wish to know which niches and key projects within those niches I am eyeing, stay tuned for the next post! Till then, adios amigos!