Before Bitcoin closed its weekly chart this morning, it experienced a sharp retracement. ARB returned to below $1.7 again, and MASK, which made a huge profit yesterday, returned to below $4 again. Therefore, when playing with waves, you must remember to cash in your profits in time after reaching your profit target, and don’t always think about selling at the highest point. Yesterday, MASK rose to around 5.35, which is also the golden section position of 61.8 since the previous high. The dealer must know how to control the market!
Yesterday, doge and etc, which everyone was waiting for, did not see the expected rebound. Don't worry, after the bitcoin ETF is approved, I expect that there will be hype about the ether ETF. Later, with the Cancun upgrade of ether, the burning deflation mechanism, the pledge mechanism, etc., ether will definitely be raised to more than 3,000 US dollars. Everyone should know that since BlackRock applied for the Bitcoin spot ETF last year, the currencies of the bitcoin ecosystem, such as stx, t, etc., have performed well. So, when the Ethereum series starts to be hyped, etc will definitely benefit from it. In addition, this wave of ETFs did not perform well. I personally expect that they will start to rebound after the bitcoin ETF is approved. Therefore, now is the stage for us to plan in advance. No matter how the price fluctuates, the opportunities of etc are still relatively certain. We can buy small when the price drops slightly and buy large when the price drops significantly to build positions in batches.
The corresponding tracks that benefit from the Cancun upgrade are definitely the L2 and LSD tracks. For the L2 side, the star projects are MINA, IMX, ARB, OP, and METIS, which can be focused on. In addition, MATIC, MAGIC, RDNT, GMX, etc. are also good. The three musketeers of the LSD track, RPL, SSV, and LDO, are still definite opportunities, especially for LDO, which is controlled by a strong dealer. Just buy on dips! Of course, my personal focus will still be on the ARB project, which is currently falling back. The strategy is to buy small when it falls slightly, buy big when it falls sharply, buy small below 1.7, and buy big below 1.4! After the adjustment, there will definitely be another wave of rising market, paving the way for the large amount of unlocking in March!
Remember: a decline is an opportunity, and a sharp drop requires you to dare to buy at the bottom. 24 will definitely be a year with many opportunities, so remember to seize them!
Under what circumstances should you not buy a coin that has skyrocketed in price after it plummets?
The surge caused by favorable factors is also very time-sensitive. There are only two ways to buy and make money.
The first is to obtain information as soon as possible, allowing short-term funds to enter the market and leave the market quickly.
The second is the plunge that occurs in the distant future when the favorable news date has not yet arrived, because the expected favorable news still exists.
Once the favorable conditions are realized or the corresponding expectations of favorable conditions disappear, you can no longer continue to participate. We need to pursue the next more cost-effective thing. There are thousands of tokens in the market, and there is not only one coin that skyrocketed every month. If you want to buy a coin that is several times the price of the explosion, you can either control a very low proportion of the position to participate, or stay calm and wait for the next opportunity.
Don’t regret any missed opportunities and don’t always be nostalgic for the coins that have already achieved your expectations. There are too many opportunities. I have participated in the ygg, gas, trb, bake, etc., which have increased many times, but I have no regrets. The wealth with the highest price does not belong to me.
You must be patient and reduce the number of times you make moves. There are too many market opportunities and human energy is limited. If you can handle two or three opportunities every month, your returns will be explosive in a year. For not very good opportunities, either participate with a very small amount or do not participate at all. Be patient and wait.
Losses are often irrational. When a surge occurs, you must reduce your position instead of increasing it, lower your cost line, and then completely exit the market when expectations disappear. That’s all I have to say. If you want to make money this year, you should have great patience and always control your greed and fear.
In the current market, I am still participating with a small position. Before the Spring Festival this year, I will enter the market with a heavy position unless there is a big drop. Otherwise, I will basically participate with a small position, so that the pressure will not be so great, and I will let go after the end of the year. At present, many investors may have the same mentality as me. Therefore, the New Year is coming soon. At present, everyone is still making substantial profits. If you have not taken profits, remember to stop part of the profits in time. As I said, there is only about a month left before the New Year, and we should still focus on stability, make some money if we can, and reduce positions when there are profits. Don't get too excited, and have a good New Year!
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
The new year has begun, and we are creating a high-quality circle, which mainly explains various basic industry knowledge of the currency circle, the rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and so on. If you are interested, you can contact me.
