It doesn't matter how much we think this through; It doesn't matter how much we change our positions; Bitcoin continues sideways. Sideways means consolidation, consolidation means that we are going up when the consolidation is done.
Good morning my amazing you!
I am hoping you are now having an amazing tomorrow, and I am hoping you have a great blast on years end.
Happy new Moon... Let's get to the Bitcoin, the chart and the Altcoins market.
Thanks a lot for your continued support.
Namaste.
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The market is "bearish." In a sense. You could say the market is depressed somehow, slow. This is true. So think of this, we have pairs growing 2-3 digits green. Many are breaking up two digits green daily and this is when the market is "bearish" and kind of depressed. This is a very strong bullish signal.
If these Altcoins, smaller ones; hidden gems, can grow this strongly while the broader market retraces and consolidates, while it is weak, what do you think will happen when the market enters confirmed bullish mode? What do you think will happen when the market starts to advance with full force?
Exactly! Maximum growth.
The time is now! Why I insist?
Just go back to 2020 or simply August 2024; wouldn't it be nice to buy at the bottom, which opens the opportunity to sell at the top?
We are in this situation once more. Most of the market is mainly on the buy zone. This period can last, say 2-6 weeks, or it can be over next month and the market grows. The time is now.
I am just here giving you a friendly reminder before the event takes place. The event is a major marketwide advance, a huge bullish wave.
I am here to remind you that Cryptocurrency needs your attention now because it will soon enter a major phase of growth. I know you know, so get to work.
Bitcoin has been going sideways and trading volume has come to a halt. A strong drop in trading volume can ignite the next move. We have mainly mainly two scenarios: (1) A break toward the upper boundary of the trading range just to continue with more sideways. (2) A move with a wick below support just to quickly recover; liquidity hunt, stop-loss hunt event and then fast back up.
Yes, I can continue to believe that Bitcoin will grow, but this sideways period can produce shakeouts on both ends, down and up. We use low lev. at first and only increase when the next move is confirmed. For the majority of the traders, participants, spot is the best choice.
Think of this one. It is possible to put in $5000 with 2X and earn a safe profit on a position, rather than using $500 with 10X. This is possible if your capital allows.
It is possible to put $10000 on a spot position, no leverage; and basically eliminate all risk. The worst case scenario is a long wait. $10000 with high leverage can result in a $10000 loss. $10000 trading spot can result in easy money when the market grows; but patience is key.
You don't have to track the drop, the weekly, the monthly or the "stop-loss." This is not necessary at all. You buy and hold focusing on the long-term. When the market is green, you can decide to hold a little bit longer or to sell. If undecided, you can sell just a small portion, 5%, 10%. See how you feel. You don't have to close the full position, you don't have to sell everything at one time in one go. We have flexibility, keep this in mind and make sure to plan before you open too many positions or you can get lost when the market moves.
Say you have many positions with a great entry price and you are green and everything is great. But no planning. Then comes a correction and the market is down 20%. Your paper profits are disappearing but nothing is wrong. When the market drops another 10% you start to panic, but with so many positions you don't know which ones to keep, which ones to close. Of course, the best course of action is to sell at resistance when prices are up, this would eliminate all anxiety and worry when a correction develops and it opens the doors to buy more. But if you missed the chance for lack of planning, learn from this mistake and make sure to do it right on the next move.
We still have a long way to go. Mistakes will be in the zone of selling too early or holding for too long. Even when we make mistakes in 2025 our balance will grow. Don't let this fool you, you can be losing money by reducing your potential gains. Sometimes we can earn many, many times more by just holding rather than trying to trade.
If you don't know what you are doing, that's ok, just buy and hold.
If you have an idea of what you are doing...
Thanks a lot for your continued support.
Namaste.