Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run. A Powerful Bull Market Indicator In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market. This was based on how to use moving averages (MAs) for trade entries and exits. To enter trades, Jelle noted that he usually finds the confluence between MAs and horizontal levels. Related Reading: Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1? The analyst shared a chart to elaborate his point further. According to him, there is usually a good entry when price retests an area that “makes sense both horizontally, and MA-wise.” This strategy is said to work well in the early stages of the bull market. However, he warned tha ..
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