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REMINDER: “They can never beat you if you buy the dips.”
- 🇸🇻 Presidential advice on Bitcoin
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Crypto thrives on liquidity. When people are spending, it signals they; a) have disposable income, and b) there is willingness to take financial risk (sentiment). Right now, we're experiencing a downturn in consumer sentiment. Currently households are delaying spending, waiting to see how new policies play out. Even giants like Walmart and Target are guiding lower. Risk assets like crypto don't thrive in cautious environments. Remember that we're not in a vacuum.
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The person who chases two rabbits catches neither. This saying rings especially true for crypto. To develop a real edge, you need to go DEEP and become an expert at ONE thing. It could be LTF trading, news trading, fundamental analysis into AI, DeFi, content creation, working for a project etc. Just pick one thing and stick to it.
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Good odds we will be seeing some much and well needed relief on Ethereum($ETH ) soon. We know even the smallest uptick in ethereum's price already sends plenty of alts soaring. So expect a decent reaction when it does.
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What if a Recession Happens?
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Avoid medium-term trades in crypto. I find it much easier to succeed at a long-term 12-24 month time horizon trade, OR a super short-term trade (a few hours/days). I struggle the most with 3-6ish month trades. Too many variables arise within that time frame.
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