After spending nearly two full bull cycles immersed in the cryptocurrency space, I've come to understand that there are moments when technical analysis simply cannot contend with market sentiment.
Currently, Bitcoin's technical analysis suggests a sell-off, yet the market is experiencing a surge. It's my belief that this upward trajectory will continue until we revisit the previous all-time high of $69,000, which I anticipate occurring just before the next Bitcoin halving. Following this peak, I expect a correction to the $50,000 range. Subsequently, we should enter the altcoin season, which I predict will kick off in May.
Many of the older altcoins may not only return to their former all-time highs but could surpass them.
My top altcoin selections include $ADA $DOT $COTI $VET $RUNE $THETA
$COTI After selling Coti at .25, I re-entered at 0.21. Unfortunately, the actual buying target 0.18 didn’t hit but that’s fine I’m still in good profits.
Now the price is set to go beyond 0.33 and 1 dollar by the end of May.
$MOB This coin has a great potential to pump 100-200 percent in coming days. Current volume is very low and supply is limited, which makes it a good opportunity to get in now.
Warren Buffett, the iconic investor, transformed Berkshire Hathaway's market capitalization from $30 million to $850 billion. Here are seven enduring investment insights from Buffett to elevate your investing skills:
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1) Emotional Intelligence > Intellectual Quotient
In the realm of investing, the ability to manage your emotions is more crucial than possessing advanced mathematical skills. A middle school student with high emotional intelligence could outperform a college graduate in earning potential.
2) Eliminate Underperforming Investments
Just because a cryptocurrency has already plummeted by 90% doesn't mean it won't fall further. It's wise to divest from failing assets.
3) Encourage Growth in Successful Investments
An asset that has already seen a 1000% increase has the potential to grow another 1000%. Avoid selling it too quickly.
4) Stay Grounded
Over time, neither eternal optimists nor perpetual pessimists consistently profit in the cryptocurrency market. Make decisions based on solid facts rather than emotions.
5) Focus on Personal Growth
Investing is about improving your own skills and knowledge, not outperforming others. Remember, comparing yourself to others can diminish happiness.
6) Minimize Use of Leverage
Prefer buying outright and holding. If you must use leverage, do so sparingly and with a strict stop-loss order in place.
7) Duration Over Precision
Michael Saylor serves as a prime example that time spent in the market often yields better results than trying to time your entry and exit perfectly. The longer your investment horizon, the greater your chances of success.
$ADA is the most decentralised project in crypto space. Thanks to Charles Hoskinson for taking it into right direction. We are growing slow but we are building the right way.