Hello everyone! The market's recent surge has breathed new life into what was a rather quiet scene. It's fascinating to see how quickly emotions can swing with each market movement.
Personally, I'm maintaining a level head. I've always been optimistic about the long-term trend, and I won't let the day-to-day noise of this 'dog market' shake my conviction. I'm confident we'll see a strong bull run before the year ends. So, what should we keep in mind in this market?
Firstly, don't get anchored to past prices. Just because something has risen sharply doesn't necessarily make it expensive now. The future potential determines value, not past performance. In an uptrend, today's price could be a bargain compared to tomorrow's.
Secondly, avoid the trap of symmetrical thinking. Markets don't always balance out - strong trends can persist longer than you'd expect. What's rising often continues to rise, and vice versa. Our minds crave symmetry, but markets often tend towards extremes.
The key is identifying and following trends. Trends don't flip overnight. Our job is to spot them and ride them, focusing on direction rather than exact entry points. We profit from the fluctuations within these trends.
Remember how the market was full of false alarms recently? It's like the boy who cried wolf. After being fooled repeatedly, many stopped believing - and that's when the real move came. Some had already sold off or even gone short by then.
In crypto, we're essentially trading human nature. Every profit comes at someone else's expense. Often, the path to success lies in going against the crowd.
That's my take for today. Wishing you all the best in your trades!
