How do you know when it's the peak... Everytime?
Discussion
Peak is almost impossible to know, 100% of people get it wrong. Just get as close as you can and don't beat yourself up about it.
Dips are much easier.
I ask because any financial strategy needs to be consistent enough to work through the lows and highs, and that includes human emotions. Short of a few lucky strings of good timing for short term gains, I've never seen anything a trading strategy beat the slow turtle long term strategy of a systematic investment plan (DCA).
I'm not talking about trading.
Trading is a competition, the chances of you beating the competition are about as likely as winning Wimbledon on your fist attempt at playing tennis.
I'm referring to the 4 year known cycle ATH which always overreaches before crashing dramatically, then recovers slowly to a new mid price.
The ATH tends to happen 500 days after the halving (Sept 2nd), but can be anytime before the end of this year.