The market suddenly surged, reactivating the emotions of the entire market.
In fact, during the rise, everyone should not be overly inflated, just like not panicking during market declines.
When investing in the cryptocurrency market, we must first learn to understand what position we are in within the bull or bear market.
If you have a comprehensive understanding of the macro environment, then according to our investment style, it is impossible to lose money.
Just take the current market as an example, Thirteen's judgment is that we are in a bull market, and we haven't even finished the first half, the real climax has not yet come.
So before all these fluctuations, it won’t affect my mentality at all, it will only give me better bottom fishing opportunities when the market declines.
But Thirteen is a blogger, I need to tell fans when to do what, do not chase high when the market is rising, do not panic when it is falling, decisively enter to bottom fish.
In the short term, our entry point may not be the lowest, but in the long term, we are all in an excellent entry position.
Actually, I know many people have doubts in their hearts, why don't we sell when Bitcoin rises to 108,000 and then buy back at 92,000?
This way we can earn more money.
This question has always lingered in the minds of many beginners; they believe that since you are a blogger with investment experience, you should be able to accurately grasp the rise and fall of the market.
In fact, in the entire cryptocurrency market, no one can accurately predict the market, we can only make judgments based on the overall trend.
Of course, there will definitely be someone telling you they can, but at least in Thirteen's view, no one can do that.
The most important thing is, if you take profits at 108,000, what if the market continues to take off? What if it rises to 110,000, 120,000...
What will you do? Watching others make money is really more painful than losing money yourself, so you will definitely chase the price at high positions. For retail investors, when you decide to chase the high, it is basically the peak of this round of the bull market.
This is the objective law and reality of the cryptocurrency market, and it will never change.
2,
Tonight the market started a wave of increases.
Everyone should not have too much expectation for the short-term market; at least from the data and technical aspects, it is still in a fluctuating range.
The possibility of a direct surge in a short time is not great, especially during the Christmas period when Wall Street elites rarely get a holiday and certainly won't be working.
Thirteen believes that the market will still fluctuate between 92,000 and 99,000, with a time period of 1 to 2 weeks.
There may be several sudden surges and drops in the middle, washing the market back and forth, causing anxiety and making people lose their chips, before the market can take off.
This period of fluctuation is also when the main players are quietly entering the market to build positions because their capital amount is relatively large, so the funds will come in slowly, otherwise it would become a pump.
So, facing the rising market, everyone should not be too inflated, just treat it with a normal mindset.
Similarly, if the market pulls back to 92,000 or lower at 88,000, do not panic, hold your quality chips steady.
Especially in the Thirteen circle, most of our Ethereum costs are below 2500, and in the short term, Thirteen cannot find any reason for it to drop to that level.
In the first quarter of next year, we will decide whether to initiate our first profit-taking based on market performance.
3,
Many people are puzzled, aren't you supposed to hold on forever? Aren't you always looking at a bull market for 25 years? Why take profits?
In fact, the entire bull market is not just one peak, but consists of 2 to 3 peaks.
Because the main players in a bull market definitely cannot eat enough in one wave, they need to come several times to pursue maximum benefits.
So it's possible that the first peak will appear in the first quarter, followed by the first deep correction lasting 1 to 2 months, then the second peak lasting 1 to 3 months, then the third wave... and finally entering a bear market.
We cannot accurately grasp the highs and lows, but we can make a reasonable investment plan through position control and historical market reference.
Skills can protect profits and also pursue maximum returns.
Bottom fishing is actually very easy, but taking profits is very difficult, as human nature is greedy. If Thirteen told everyone to take profits when Bitcoin was at 13, many haters would definitely criticize if Bitcoin later reached 140,000.
Everyone wants to make more money, blocking them from making money is an enemy, but taking profits at 130,000 is actually a very good position because the first wave peak is at most 150,000, probably 140,000, then the first wave ends.
From a long-term investment perspective, Thirteen's strategy is without any issues.
Just like now, including the wave of declines that started in March, Thirteen has always been the one encouraging everyone to bottom fish.
There have also been countless haters in the process, and looking back now, is there really a problem with bottom fishing?
Bitcoin starting with 4 will most likely not be seen again in this bull market, or perhaps never again.
If we follow historical patterns, the bottom of the next bear market for Bitcoin will be at least above 50,000.
Finally, now that the market is rebounding, many people are eager to short, always remember, do not short in a bull market.
No one can predict when the market will explode.
However, Ethereum is now at 3500, and Bitcoin is back at 98000, which is a happy thing.
Finally, some have reported that the quality of a particular article by Thirteen is not very high, please understand that Thirteen also has several days each month when both physically and mentally they are in a fatigued state.
However, most of the time, Thirteen's article quality is online and worthy of your attention.
To correct, yesterday Thirteen wrote the wrong point for going long in the article; Thirteen went long between 92,500 and 93,500, which is considered the bottom of this small wave.
