Today's content: The cryptocurrencies I am laying low in the advanced group for 2024, which ones have achieved high returns, and what is the laying low logic?
Without further ado, let's first take a look at Bitcoin's market. Today is January 1, 2025, and Bitcoin's trend is very critical, as today is the last day of December, and it is time to close the monthly line.
Bitcoin market analysis: Closing the monthly line on January 1, technical signals, and future expectations.
Based on yesterday's video and the technical analysis I provided, if today's monthly line does not show significant changes, we will see a Pinbar with a long upper shadow. This candlestick pattern usually indicates market weakness, and the next wave of correction may be approaching. For friends who focus on technical aspects, you can further consult relevant materials on Pinbar.
Of course, the technical aspect can only provide us with initial signals of trends. We also need to combine fundamentals, data, and news for comprehensive analysis. For example, on January 20, when Trump is inaugurated, this may trigger some unexpected situations and is worth continuous attention.
Alright, having talked about the Bitcoin market, let's get back to today's topic and discuss some high-return cryptocurrencies I am laying low on in the fourth quarter of 2024, along with the trading logic behind them.
HYPE: 8.5 times successful trading.
First of all, HYPE is the most successful trade I have made. In several of my previous videos, I have mentioned the laying low strategy for HYPE. I bought in on the first day of HYPE's launch at around $4. Ultimately, I sold when the price reached $34, achieving about 8.5 times the return.
Why am I laying low on HYPE? There are several key logics in this:
No financing background: HYPE did not accept venture capital (VC) in the early stages, meaning there is no capital pressure, and the project's price is relatively lighter.
Lightweight development: HYPE does not have attention from big V or KOLs; on the contrary, it is in a relatively low heat, which gives us greater opportunities.
Advantages of decentralization: In the current context of the cryptocurrency market, everyone is gradually losing confidence in CEX (centralized exchanges) and is instead full of expectations for DEX (decentralized exchanges). As a leading project in DEX, HYPE has gained market favor under this trend.
BGB: From $2 to $8.5 wave operation.
Next is BGB. I started mentioning it in the advanced group in early December when the price was around $2-$3. In the following time, BGB's price rose all the way, and ultimately, at $8.5, I chose to sell and obtained good returns. In the end, my selling point was close to $8.1, with a difference of less than 5%. This wave operation was very successful.
Why am I laying low on BGB? The logic is similar to HYPE, but with one key difference—
Excellent fundamentals: The project where BGB is located has strong application scenarios and market demand, without much market speculation, making it suitable for low-profile layout.
Precise selling timing: I understand how to sell at high points as much as possible at market tops. As I often say, precise selling is more important than buying. In the next video, I will make a special episode to teach everyone how to accurately judge selling timing and gain more profits.
Bitcoin: Seeking victory with a large position.
Finally, regarding Bitcoin, although its increase is not as high as HYPE or BGB, it is undoubtedly the most stable. I started increasing my Bitcoin position around September 20, when Bitcoin's price was still around $60,000. I clearly judged that the logic for Bitcoin's rise was very clear; as long as it breaks the downward channel, there will be greater upward space in the future.
Sure enough, Bitcoin rose from $60,000 all the way to $100,000, and the upward trend hardly stopped. My large position provided me with stable returns; although it wasn't the most profitable, it was definitely the safest choice.
AAVE: Opportunity for DeFi recovery.
Finally, AAVE is also one of the varieties I laid low on in the fourth quarter of 2024, with a price increase of about three times. The reason I am optimistic about AAVE is very simple:
The revival of DeFi: As ETH prices rise and DeFi gradually recovers, AAVE, as an important project in the DeFi field, will surely benefit.
ETH support: AAVE, as a DeFi protocol based on ETH, has its market performance highly correlated with ETH's upward trend.
Summary: The core idea of the laying low strategy.
Through the above review, you can see my laying low and operational logic for these cryptocurrencies. In summary, successful laying low trades require the following key elements:
Early excavation of undervalued projects, avoiding excessive speculation.
Understanding market trends, combining fundamentals, technical aspects, and news for comprehensive judgment.
Precise selling timing, trying to sell at high points to lock in profits.
In the future, the market will still have many opportunities. Early layout and precise operation are key. If you want to learn more about my trading strategy, remember to follow my videos, as I will continue to share more investment experiences.
That's all for today's content. I hope it helps you! Don't forget to like, share, and subscribe to my channel. See you next time!