Getting into Crypto Now? What Can You Do and How Can You Approach It?

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What we are currently seeing is that we are in a crucial phase of the market. This is a period that many investors have been looking forward to for a long time, and now things can move relatively quickly. Looking ahead, I expect the biggest gains of this cycle to occur in 2025. But what can you still do to profit from this cycle?

The current market cycle: Where are we now?

When we look at historical patterns, such as those of Cardano, we see clear similarities between different cycles. Cycle 1, cycle 2, and now I suspect we are in the phase of the grey marked dot. This is the moment when prices have often started to rise rapidly in the past.

When we look at the possible price targets of altcoins with strong fundamentals, we can use the Fibonacci extension. Many altcoins have reached the 1.236 Fib extension in the past. Of course, this is no guarantee, and it varies per project whether that level is reached. The most important thing remains that you make a profit, not that you catch the exact top.

What can you still do in this cycle?

There are still many opportunities to make good profits. Yes, the first-class train tickets may be gone, but the second-class tickets are still there. Take a look at some examples:

• CRV: Suppose CRV breaks its all-time high and reaches the 1.236 Fib extension, that would mean a potential profit of 1,200%.

• CVX: If CVX reaches that level, we’re talking about a profit of 2,100%.

• AVAX: I am almost convinced that AVAX will break its all-time high, which would be a 450% profit from here.

• WLD: This one could still rise 600% from the current level.

• Cardano: If Cardano breaks its all-time high, we’re talking about 400%.

• Veracity (VRA): This is a low cap, and while it’s not a given, reaching the Fib extension would mean a profit of 1,500%.

Why a diversified portfolio?

Because you never know which altcoins are going to reach their targets, it’s important to build a well-diversified portfolio. Here are the benefits:

1. Risk diversification: Not every project will be successful, but by diversifying you limit your risk.
2. Multiple opportunities: By diversifying, you have a greater chance that part of your portfolio will perform significantly.
3. Balance between high caps and low caps: High caps are more stable, while low caps can yield larger profits but are also riskier.

Building a diversified portfolio is one of the best ways to consistently make a profit in the crypto market, even in a volatile environment.

What is a good exit strategy?

Making a profit is just as important as planning an exit strategy. Many people don’t know when to sell, resulting in missed opportunities or holding onto losses. A good exit strategy can make the difference between successfully taking profits or trading emotionally.

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In summary

There are still opportunities to make profits, even in this phase of the cycle. With a diversified portfolio, a good understanding of price targets, and a clear exit strategy, you can position yourself to profit from the market movements that are yet to come. Remember: be prepared, think strategically, and take profits where possible.

Disclaimer: The analyses above are based on technical patterns and trends in the crypto market. It is crucial to emphasize that this information is not intended as financial advice. Cryptocurrency investments inherently carry risks and are subject to volatility. For investment decisions, it is recommended to do your own research, seek financial advice, and only invest what you can afford to lose.

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