The current market situation is not as good as the previous few months. At least, there were full-month ups and downs in the previous few months. Based on these fluctuations, there is still room for operation.
The shock in August has made the market very weak since late August. Although many currencies have hit new bottoms, the downward channel has led to a lower bottom. The rebound is very weak and the direction changes instantly.
I have done extensive and in-depth research on fundamentals, but it is of little use at the moment. I have also gained new insights in every round of research on technical indicators.
In the current market, we can capture some fluctuations, but the effect is not great. The entire market is in decline, there are no developers, no momentum builders. It is like the shortage of crops in the farming season.
I have carefully recalled the historical market trends of cryptocurrencies in the past few years. This performance is like several time periods, one is the bear market at the end of 2018 and 2019, and the bear market in the second half of 2021 and the beginning of 2022.
The long strategy is ineffective in most cases. I still did a deeper review of the market. Is the indicator invalid for every market fluctuation? In fact, the indicator is very effective. But the hand can't keep up, that is, you can't imagine that each drop will be so rapid and thorough.
So I thought of the crocodiles in the African grasslands. In the entire African grasslands, the iconic hunters are lions and leopards. Thanks to their physical advantages and hunting skills, they can always reap a good harvest when there is plenty of prey.
But crocodiles, the beasts of the water, are not always so lucky. The abundant period of prey is often during the migration process, and migration is a rapid process. So crocodiles need to eat as much as possible during this period, because most of the time after that, crocodiles have nothing to eat. This kind of waiting is long, and there may only be three or four opportunities a year.
But we know that besides their strong bite force and death roll, the biggest difference between crocodiles and crocodiles is patience. In order to catch prey, crocodiles can be as quiet as a log. This is the soul of the hunter.
In fact, investing or trading requires this ability. You need the good cooperation of a lion group, the agility of a leopard, and the patience of a crocodile.
People often confuse investment with trading, for example, investment should be like Buffett's long snow on a thick slope. Here, fundamentals and potential are more important.
Trading is about timing. It can take into account fundamentals, but more importantly, it is about the timing of entry and exit. The right timing does not always come, but when you encounter it, you should act without hesitation!
Whether it is investing or trading, you need to accumulate experience, because good prey and good timing are the result of your familiarity with the market.
You can be a speculator, but don't just be a speculator. Only by calming down and accumulating more reserves can you be there when opportunities arise.
The high volatility of the crypto market will continue for several years or even a decade. I think this opportunity is still long-term, and the current downturn is just a transition. In the long run, opportunities will still emerge in an endless stream!
(The crypto industry is highly volatile, this is just a sharing of opinions, not investment advice)