On July 4, I opened a position in Bome and won a small profit of #bome $BOME . Looking at the next twelve hours, 📈 continue to hold and run when the price drops
There is a rule in the MEME market: the more terribly quiet it is, the more you need to pay attention to it every day. $PEPE When no one paid attention to MEME, it emerged. $MOG emerged when everyone was most desperate in July and August last year. $BOME When everyone was staring at ETH, SOL emerged. There are many such examples, and the overall environment is also changing: At the end of the European Cup, attention returned. Risks in Germany and MTGOX are gradually cleared, and sentiment is returning. The US interest rate cut is approaching, and funds are abundant. ETH ETF is gradually advancing, and incremental funds SOL ETF is also being launched, and incremental funds The worst period has passed, and the situation is gradually improving. $PEPE $BOME
Many people have recently asked me whether it is a golden opportunity to buy stocks at the bottom? My answer is the same as a month ago - stay cautious and sit on the sidelines. I personally only maintained a 1.5% position. This strategy allowed me to be almost out of the risk and not suffer any big losses. Remember, good bargain hunting opportunities are common in the market. There is no need to rush for quick results. Be more observant and less impulsive. In addition to the obvious negative factors such as the Mentougou compensation scandal and the German government’s selling of digital currencies, I also have two major worries: U.S. stock ETF funds have experienced net inflows for many consecutive days but have been locked up. Will this become the trigger for panic selling in the market? The U.S. stock market is currently at a high level. Will there be significant correction pressure in the future? It is particularly noteworthy that U.S. stocks will only trade for half a day on Wednesday and Thursday this week, making it difficult for ETF funds to escape. Once the market fully opens, if these funds choose to withdraw, the impact cannot be underestimated. Therefore, the wisest thing to do right now is to stay calm and wait for the opportunity with the mentality of a theatergoer. The best strategy is to wait until the market has completed sufficient changes of hands and experienced necessary sideways consolidation, and then wait for opportunities to move and deploy at a low level. $BTC $PEPE
The most eye-catching performance in this round is Bome. It is neither rising nor falling. It looks like it is time to start building a position. $BOME
"Whenever the market forms a widely recognized expectation, there always seems to be a force, especially those major players, who cleverly stand out to break this harmony, making the consensus predictions of Kol and retail investors frequently fail. Therefore, when exploring market trends, we need to remain sober and not be easily swayed by collective opinions. $BTC For example, if many Kols predict that Bitcoin will find support in the range of $52,000 to $48,000, this may be a signal for us to be vigilant. This range is not a stable bottom, but may be the starting point of a new round of adjustments. Either the market has quietly bottomed out and is ready to go; or it will experience a deep baptism until it falls below the $30,000 mark, causing extreme panic in the market, and then the true bottom will be revealed. In short, those seemingly ironclad consensus predictions often hide unknown variables, and we should be more cautious."
From a time perspective, the weekly chart of Bitcoin (BTC) shows an exciting double-band upward trend. After the first wave of climb, it experienced a steady rise for 140 days, followed by a mild correction of 154 days, followed by a second wave of strong rise of 182 days. At present, the market is entering an adjustment period expected to be 154 to 200 days, indicating that this adjustment is expected to be successfully completed between August and September. It is worth mentioning that historical data shows that October of each year is often the golden period for BTC to start a big market. From a spatial perspective, BTC's callback process also shows its solid support structure. The first stage of the callback accurately touched the golden section of 0.618, which is around 25,000 points, showing the strong resilience of the market. At present, the market may test this key ratio again, but this time it is at a higher level of 55,300 points. This position not only echoes the 0.618 golden ratio, but also cleverly penetrates the previous low of 56,500, indicating that after thoroughly cleaning the floating chips and consolidating the bottom, a more solid bottom confirmation will be ushered in.
For BTC, which is currently priced within 60,000, its investment value has been quite prominent. Whether it is direct purchase or fixed investment strategy, it is a wise move worth considering. $BTC
Dear friends, especially those who are new to the meme coin market after February this year, I would like to share some observations and experiences with you.
When you see the surge in pepe and other currencies and the crazy ups and downs of bome, you may expect to make huge profits in a short period of time through large positions fomo (chasing hot spots), thinking that this is the norm of meme. But please allow me to remind you that there are often risks behind such market fluctuations. Looking back at some past cases, we can find that: $PEPE After being listed on Binance in May last year, it once reached a temporary high point, but then its market value fell by 85% in just a few months. It was not until February this year that it began to rebound strongly, with the highest market value reaching 7 billion.
Akro's trend is very strong. Hum, it's soaring like a rocket launch! The performance is really eye-catching. This car is worth buying. It is estimated that it will start to adjust on Monday. $AKRO
The BOME asset has recently shown signs of breaking out of its long-formed descending triangle upper line. This upper line has been acting as a strong resistance to BOME's price since May 28. When lower highs and lows in price action are connected to form a downward sloping trendline, a so-called descending triangle pattern is formed. This pattern is technically considered a bearish signal as it suggests an increase in selling pressure and a relative weakening of buying power. In a descending triangle, the downward sloping trendline represents resistance, the willingness of sellers to sell at a higher price. At the same time, a horizontal line acts as support, which is the bottom line at which buyers are willing to buy at a lower price. For BOME, it encountered significant resistance at $0.015 while finding solid support at $0.008.
"Never FOMO on the bus", just like a bus, there will always be another one waiting for you, there is no need to rush to catch up just because you missed this one. In the world of MEME, it is even more so, don't blindly follow the trend just because of the temporary popularity. $PEPE
Speaking of the adjustment of the bull market, it is like a naughty child, playing "hide and seek" from time to time in the cycle, but I don't think it will be like the one in May 2021, when Bitcoin took 50% of Ethereum. Why? Think about May 21, when the price of BTC was flying high, more than three times the previous high, but now, it has not yet steadily crossed the high point of the last bull market, how can it be compared with that time? Look at the altcoins at that time, especially the defi sector, they rose like balloons and were about to explode at any time. But this time, they are still jumping in the early stages of the bull market. In May 21, the market value of Dogecoin, the boss of meme coins, reached a peak of 80 billion US dollars. Compared with the current popularity, it is really the "peak of dog life", and now, there is no such frenzy. In this cycle, BTC market started ahead of time because of the helper BTC ETF, while those copycat and meme coins are still in the "warm-up" stage of the early bull market. As for the big adjustment on 519, I guess it may make another "big move" when the BTC price reaches 90,000-100,000. As for the current small changes, I think the decline of BTC is about 20-25%, don't worry too much! $BTC $ETH $PEPE