To those who are following me: 2 images cut from the BTC Dominance chart.
_ Chart1: In the last 3 months, the BTC Dom ratio has been fluctuating in amplitude and following a decreasing trend.
_ Chart 2: experiencing up and down cycles for many years, the amplitude of BTC Dom tends to get smaller, and is currently touching the upper limit line.
_ Through these two charts, I still have an optimistic view about an upcoming Altcoin season in the coming months, when this ratio will reverse and decrease sharply.
_ This morning the market recovered slightly as expected. I continue to add capital to buy more tokens that have dropped very sharply in the past few days: KNC PORTAL TLM GMX KAVA
_ Still looking forward to the moment the BTC Dominance rate reverses and drops. But Altcoins are all on the floor!
_ Another stormy evening, when I opened my eyes, I saw the whole market glowing red with a terrible decrease of 10-20%.
_ I re-entered this trading campaign on April 30, 2024. After buying Altcoin many times, the ROI increased to nearly 10%. Along with that are a number of times to close Sell limit X2 orders. And fortunately, I allocate my investment portfolio evenly, the number of new generation tokens is no more than 1/3. Yet after this collapse, ROI still decreased to -21.85%!
_ Even though the market fell so strongly, BTC is still holding at 65k, which is 4 times the bottom price of 15k. And we are buying tokens close to the bottom price in the last 3 years. So I still feel this purchase price is good to hold, at least for the next 3-6 months. Stay strong, Hodlers!!
_ Today continues to be a harsh day for Altcoin investors. Besides the bright spot of CVX's X2 price increase, most of the Altcoin market dropped deeply by 10-15%.
_ Strong and continuous price drops like this can greatly affect traders' psychology. Anxiety, boredom and fatigue can make you more likely to take unwise actions.
_ So, please try to relax and balance your psychology with other activities in life. Stay calm, focus on the investment strategy set out from the beginning with a long-term perspective, and absolutely stay away from Margin/Futures.
This afternoon, when I opened my account, I suddenly saw a pile of USDT in my wallet. It turned out to be the CVX token to close the Sell Limit X2 order. In difficult times, having this fruit is very precious 🥰 Thank you CVX, use the money to buy back the discounted tokens!
_ After the sudden increase and decrease of BTC and the entire market yesterday, some altcoins with deep discounts are almost bottoming out and even creating new bottoms.
_ My current portfolio ROI: -11%
_ I just added capital to buy 2 more tokens that are falling deeply: CRV CVX
_ Tokens in the Storage category have increased in price very well in the past year, almost X3-X5 compared to the bottom. Before the sale last week, I didn't dare buy them because the price was quite high. However, now the prices of some of the following tokens have dropped sharply so I decided to buy them together: FIL STORJ HOT SC
_ In addition, I also bought some new generation tokens that are strongly discounted: HIFI (defi) JTO (seed) JUP (defi) WIF (meme)
INVESTING IS SIMPLE: BUY WHEN PRICE IS LOW, SELL WHEN PRICE IS HIGH.
_ Still leaning toward the uptrend market in the second half of 2024, I just added capital to buy 9 more tokens that are falling quite sharply, mainly new token systems: FXS W TNSR BSW HIVE MAGIC ENA OMNI BB
_ Persistently hold and wait for Altcoinseason as originally planned, guys!
_ Still leaning towards the uptrend market in the second half of 2024, so I just added capital to buy 14 more tokens that are falling quite sharply: ENJ LRC GMX ACE PIXEL AXL AEVO MEME RDNT DYM 1000SATS XAI ALT SAGA
_ Buying the average price during a short-term downtrend creates an advantage that can help reduce the target price to take profits.
WHICH TOKEN DROPPED THE MOST LAST WEEK? (Jun 13, 24)
_ After the Altcoin price drop storm over the past week, these are the tokens with the strongest price drops in my portfolio, with drops ranging from 27-33%: ACE DYM LAZIO MEME RDNT AEVO XAI AXL ALT SAGA ** It's easy to see that new tokens are the majority on the exchange list.
_ As mentioned in the previous article, new generation tokens only make up a small part of my portfolio. Thanks to buying DCA many times, my current ROI is still at -11%, not too bad, right?!
_ In short-term downtrend times like this, we see the importance of portfolio allocation and risk management plans even more.
_ After the sudden increase and decrease of BTC and the entire market yesterday, some altcoins with deep discounts are almost bottoming out and even creating new bottoms.
_ My current portfolio ROI: -11%
_ I just added capital to buy 2 more tokens that are falling deeply: CRV CVX
_ If anyone is holding Spot, please calmly hold the goods! Those who already have a DCA plan can add more.
_ I just added capital to buy 3 more tokens: AUDIO ORDI FIDA The reason is that during last week's price drop, these are the 3 tokens that still have the steadiest price in my token portfolio.
The figure below shows the daily PNL of my spot account over the past 1 month.
In the past few days, the red decreasing columns have been extremely strong but are trending smaller. Usually in my experience it will be returned with similar large green columns in the next 1-2 days, kind of like a pendulum swing.
The market is quite boring! I advise you not to open the chart anymore, and especially not to impulsively fiddle with Margin/Futures. The thing to do now is to find something else to play and relax your mind for a few days.
_ At a time like this, if it is a Hold Spot, overnight we can see our account decrease by 5-10%. If you borrow margin, your account can even decrease by 30-40%. Anxiety and insecurity are unavoidable.
_ So what should we do? The answer is: If you have full capital then sit still and don't need to do anything. And if someone already has a DCA plan, they can of course buy more. All options should be prepared before you enter a buy order, not now!
_ Saying so shows the importance of a RISK MANAGEMENT strategy before investing. It not only helps you minimize the possibility of loss, but also helps you maintain a stable and comfortable mentality throughout the investment period.
_ If you have read the first articles on my site, you will see that they mainly talk about RISK MANAGEMENT:
1. Stupidly afraid of losing money? => Forget Margin/Futures.
2. Afraid of the project being a scam, being delisted, or afraid of going all in on a token that won't increase the price? => Large and diverse investment portfolio.
3. Afraid of being fomo, afraid of not taking profits in time before the downtrend? => Be less greedy, set a profit-taking level much lower than the market's general expectations.
Last night's scan felt so bad, guys 🤣 At times like this, we feel lucky because we chose the SPOT style, but Margin/Futures sometimes have to receive emails overnight.
The market has been experiencing Gamefi waves for the past 1-2 weeks through the price increase of many tokens, so I added capital to buy more: TLM PORTAL LOKA MBOX COMBO