To those who are following me: 2 images cut from the BTC Dominance chart.
_ Chart1: In the last 3 months, the BTC Dom ratio has been fluctuating in amplitude and following a decreasing trend.
_ Chart 2: experiencing up and down cycles for many years, the amplitude of BTC Dom tends to get smaller, and is currently touching the upper limit line.
_ Through these two charts, I still have an optimistic view about an upcoming Altcoin season in the coming months, when this ratio will reverse and decrease sharply.
_ Another stormy evening, when I opened my eyes, I saw the whole market glowing red with a terrible decrease of 10-20%.
_ I re-entered this trading campaign on April 30, 2024. After buying Altcoin many times, the ROI increased to nearly 10%. Along with that are a number of times to close Sell limit X2 orders. And fortunately, I allocate my investment portfolio evenly, the number of new generation tokens is no more than 1/3. Yet after this collapse, ROI still decreased to -21.85%!
_ Even though the market fell so strongly, BTC is still holding at 65k, which is 4 times the bottom price of 15k. And we are buying tokens close to the bottom price in the last 3 years. So I still feel this purchase price is good to hold, at least for the next 3-6 months. Stay strong, Hodlers!!
_ Today continues to be a harsh day for Altcoin investors. Besides the bright spot of CVX's X2 price increase, most of the Altcoin market dropped deeply by 10-15%.
_ Strong and continuous price drops like this can greatly affect traders' psychology. Anxiety, boredom and fatigue can make you more likely to take unwise actions.
_ So, please try to relax and balance your psychology with other activities in life. Stay calm, focus on the investment strategy set out from the beginning with a long-term perspective, and absolutely stay away from Margin/Futures.
This afternoon, when I opened my account, I suddenly saw a pile of USDT in my wallet. It turned out to be the CVX token to close the Sell Limit X2 order. In difficult times, having this fruit is very precious 🥰 Thank you CVX, use the money to buy back the discounted tokens!
WHICH TOKEN DROPPED THE MOST LAST WEEK? (Jun 13, 24)
_ After the Altcoin price drop storm over the past week, these are the tokens with the strongest price drops in my portfolio, with drops ranging from 27-33%: ACE DYM LAZIO MEME RDNT AEVO XAI AXL ALT SAGA ** It's easy to see that new tokens are the majority on the exchange list.
_ As mentioned in the previous article, new generation tokens only make up a small part of my portfolio. Thanks to buying DCA many times, my current ROI is still at -11%, not too bad, right?!
_ In short-term downtrend times like this, we see the importance of portfolio allocation and risk management plans even more.
The figure below shows the daily PNL of my spot account over the past 1 month.
In the past few days, the red decreasing columns have been extremely strong but are trending smaller. Usually in my experience it will be returned with similar large green columns in the next 1-2 days, kind of like a pendulum swing.
The market is quite boring! I advise you not to open the chart anymore, and especially not to impulsively fiddle with Margin/Futures. The thing to do now is to find something else to play and relax your mind for a few days.
_ At a time like this, if it is a Hold Spot, overnight we can see our account decrease by 5-10%. If you borrow margin, your account can even decrease by 30-40%. Anxiety and insecurity are unavoidable.
_ So what should we do? The answer is: If you have full capital then sit still and don't need to do anything. And if someone already has a DCA plan, they can of course buy more. All options should be prepared before you enter a buy order, not now!
_ Saying so shows the importance of a RISK MANAGEMENT strategy before investing. It not only helps you minimize the possibility of loss, but also helps you maintain a stable and comfortable mentality throughout the investment period.
_ If you have read the first articles on my site, you will see that they mainly talk about RISK MANAGEMENT:
1. Stupidly afraid of losing money? => Forget Margin/Futures.
2. Afraid of the project being a scam, being delisted, or afraid of going all in on a token that won't increase the price? => Large and diverse investment portfolio.
3. Afraid of being fomo, afraid of not taking profits in time before the downtrend? => Be less greedy, set a profit-taking level much lower than the market's general expectations.
Last night's scan felt so bad, guys 🤣 At times like this, we feel lucky because we chose the SPOT style, but Margin/Futures sometimes have to receive emails overnight.
The market has been experiencing Gamefi waves for the past 1-2 weeks through the price increase of many tokens, so I added capital to buy more: TLM PORTAL LOKA MBOX COMBO
_ After many purchases over the past month, I am holding an investment portfolio of 184 tokens. Therefore, when looking at the prices of the tokens I hold, I can fairly accurately assess the up and down trends of the entire market.
_ Current ROI of the investment portfolio: 6.3%
_ If not including CTK, STG and ALICE, which have sold to take profit at X2 level, then below are the 10 tokens with the best price increase (in order) over the past month: BURGER GTC PYR GMX AUDIO CHZ ORDI ATM MAGIC PORTO
_ We see that the trends that are increasing strongly are: Fan tokens (CHZ, ATM, PORTO) Gamefi (BURGER, PYR, MAGIC)
_ The situation is that Binance has officially announced that it will delist the following tokens: Xem, WAVES, OMG. Immediately, the prices of these tokens simultaneously decreased by more than 30%.
_ It's not too much to reiterate, new participants should stay away from tokens that are on Binance's monitored list.
_ The last time I bought goods, I bought TNSR and PORTAL, which are two coins that were recently listed on Binance. I feel like this price increase wave into new coins is quite strong.
_ This morning, June 2, 2024, I continued to add capital to buy new coins with good entry points: PYTH BOME 1000SATS DYM W MANTA NFP ENA RONIN AEVO I PIVX AXL MEME ALT STRK BLUR **NOTE: these new coins only represent a small portion of my investment portfolio. Because I always prioritize buying old coins to understand the bottom price, thereby minimizing risks.
_ After many purchases, the ROI on my investment portfolio is currently ~5%. For the time being, I still have a good feeling and optimism about the market. If the price is good, buy it, simple!
_ This whole month I have been investing in an altcoin portfolio. In addition to CTK and STG soaring to X2 and closing the Sell Limit order, the total portfolio has only increased by about 3-4%.
_ At this time, the price range of the whole market is gradually narrowing. It's not clear how it will go up or down in the short term, but today, May 31, 2024, I just added a little more capital to collect new coins of only X2 from the bottom (I collected all the X1.5 coins from the bottom in the previous round). Low price and potential market uptrend, just buy in bulk.