Bitcoin has fallen below 90,000, and many people are now anxiously staring at the market, but in my opinion, this is completely unnecessary. I won’t discuss market analysis or talk about support levels and technical indicators—when the price drops, all news can be interpreted as negative; technical indicators are just after-the-fact, appearing only after the patterns have formed, chasing after them is meaningless.
Yesterday I also posted, and now both the US and Japan are flooding the market with liquidity, the macro environment is actually quite good. Look at the US stock market and gold, which have increased by trillions of dollars over the past four years, while the crypto market has actually regressed; Bitcoin has been suppressed for a year, and altcoins have been suppressed for four and a half years. No one can accurately predict the short-term volatility, think back: 110,000 dropped to over 70,000, over 70,000 dropped to 49,000, how many people actually predicted that correctly? Major events in the crypto market, like 10.11, 5.19, 9.4, and 3.12, are all sudden occurrences; who predicted them in advance?
The key is to step on the right trend and rhythm. If the direction is correct, the big trend will naturally take you to the peak. In the last few months of each Bitcoin bull market, the volume is the highest, and the gains are the most explosive, and the same goes for altcoins. Looking at Bitcoin over the past three years, there have only been two real significant rallies—one from 41,000 to 64,000, and another from 66,000 to 100,000; the rest of the time has been mostly sideways.
And have you noticed? There’s a pattern before every Bitcoin surge: first, a pullback of about 30%, then a short-term direct rise of 50%-80%. Now we are at the later stage of the bull market, with even greater volume; this 30% pullback is very likely preparing for a subsequent 100% surge.
In the crypto market, whether it’s Bitcoin or altcoins, don’t always think about bottom fishing and top-ticking; what we want to capture is that big swing in the middle. Take ZEC for example, you can’t buy at 15 and sell at 750, but within the range of 40 to 620, you can buy anytime and sell anytime, and you’ll make money.
Many people lose money because they sell at the floor price and chase high at the peak. Ultimately, making money relies on three things: seeing the right direction, holding bottom positions, and having patience. I am a blogger in the crypto space, and these are my true thoughts; if you disagree, let’s debate.
Follow me for tips on how to seize this wave of market trends and reap the rewards! If you don’t know how to time your entries, I will analyze it in real-time in the community and provide the best current entry points.
