Is the Bull Market Over? My Take on the Recent Crypto Crash đ
Last night, due to the sudden Iran vs. Israel incident, we saw Bitcoin crash by 5%, the Nasdaq fell by 2%, and oil prices soared by 10%. This sharp movement sparked fear and uncertainty in the markets.
But hereâs the thing: this type of panic is often short-lived. Just like we saw with the Russia-Ukraine conflictâmarkets initially plunged, but now the ongoing situation has minimal impact on crypto and stock prices. Similarly, with the Israeli-Palestinian conflict earlier this year, the markets dipped briefly before bouncing back.
đ What does this mean for us? This current wave of panic, while impactful, is unlikely to last. Once fear subsides, the price of Bitcoin and other assets will likely recover. In fact, we were prepared for this! Last night, when Bitcoin was still close to 63K, we sounded the alarm. If you were paying attention to my updates, you might have been better positioned to ride out the storm.
Our Pepe Strategy Paid Off đ°: We saw $PEPE bottom out at 0.1 and are already enjoying a strong recovery. Before the dip, we managed to ride it from 0.07 to 0.12, locking in some solid floating profits.
đ My Advice: When trading in the crypto world, you must always be prepared for unexpected negative news. Itâs crucial to avoid using full leverage and instead stick to spot trading, or use small, carefully managed positions for altcoins. This gives you room to breathe when sudden crashes happen. Remember, in the 365 days of a crypto year, there will always be 10 days of chaos. The question is: after a week, when the market recovers, will your position still be intact?
Final Thought đ: This is a time to remain calm and strategic. Panic is temporary, but good planning lasts. Stay tuned to my posts to stay ahead of these market moves. đ
