Are We Truly in an Uptrend? Let’s Unpack the Reality
The concept of being in an "uptrend" feels increasingly like a mirage to me. It might sound unusual—especially for someone immersed in crypto trading and investing—but my perspective has shifted. Here’s why I’ve come to challenge the traditional narrative.
For starters, I’ve moved away from the “HODL until it moons” mindset. That strategy feels outdated in today’s unpredictable market. Instead, I’ve adopted a more dynamic approach—riding the market waves as they come. Some may disagree, but I’ve found this to be the most practical way to navigate the ever-changing crypto landscape.
The market we’re in today is nothing like it was in its early days. Whether you’re a veteran trader or just starting out, it’s clear that the rules have changed. The belief that most coins will return to their all-time highs (ATHs) or surpass them is no longer a reliable assumption. The hard truth? Over 85% of tokens are unlikely to reclaim their past glory. Why? The reasons are many: failed projects, excessive token supply from unlocks, lack of innovation, and poorly executed roadmaps.
Recently, I made the decision to lock in profits. Predictably, opinions came flooding in—some praised my timing, while others labeled me as overly cautious or just plain lucky. Here’s my take: none of that matters. Profit is profit. Whether you achieve it through precision timing or by sheer luck, the ultimate goal remains the same—growing your portfolio.
There’s an ongoing obsession with labeling the market—are we in a bull phase or a correction? But let’s be honest: no one knows for sure. Analysts rely on data, charts, and sentiment analysis to make informed projections, but at the end of the day, it’s all an educated guess.
This is why I’ve shifted my focus to short- and medium-term trades. Instead of hoping for a mythical, long-lasting uptrend, I prioritize seizing opportunities as they arise. Whether it’s catching a quick rally or riding a sustained surge, my strategy revolves around adaptability and safeguarding gains. My focus is on consistency—opting for smaller, frequent profits rather than risking it all chasing an elusive jackpot.
In my view, this approach is more aligned with the reality of today’s market. By riding the waves and remaining flexible, you can take advantage of opportunities without being paralyzed by the wait for a "perfect" rally. The key lies in knowing when to enter, when to exit, and, most importantly, keeping greed in check.
So, do I still believe in uptrends? No, I don’t. But I firmly believe in the power of adaptability, calculated decision-making, and consistent gains to stay ahead in this unpredictable and evolving market.