Latest thoughts on hoarding coins in a bear market

Big Pie Market

1. Bitcoin has been standing above 25,000 for nearly 5 months since March, and has been maintained between 28,000 and 29,000 for nearly half a month. It finally fell below the strong support of 28,000 on August 17, and fell to a low of 25,166.

2. Look at the current classic 9 indicators, which are very close to the bottom line.

3. Bitcoin is expected to complete its halving mission in May 2024. Looking back at the 2020 halving cycle, which occurred in May 2020, Bitcoin actually started to rise on March 9, 2020. The rise was almost two months ahead of the halving.

4. The current rebound of small currencies is better than that of big currencies, which also indicates the market trend of small currencies.

2. Review the execution of your fixed investment strategy

1. My fixed investment strategy is to invest in the moving average and simultaneously short a basket of junk coins. The total investment funds are evenly divided between May 2023 and June 2024. At the same time, prepare additional funds (30% of the fixed investment principal is used for bottom fishing). That is, I carry out fixed investment based on the price of Bitcoin and the 250-day moving average.

For example, if I invest 1,000 every day, then according to the current price of Bitcoin and the 250-day moving average, should I actually invest 300 or 1,200 today? After completing the spot purchase, move the spot to the contract account and divide the long funds equally as margin to sell an equal amount of junk coins. The current fixed bids are the top three in market value, BTC, ETH and BNB.

BNB's upward momentum is limited. Many big guys do not recommend regular investment now, but it cannot resist the bull market's golden shovel. As long as An An is still the number one in the universe, the third one still has a lot of value.

2. As of now, I have closed 30% of my short positions on August 18 and started to take profits, and used the profits from taking profits as the total investment. In addition, I stopped shorting a basket of junk coins on August 18.

3. Current capital investment situation: I started the fixed investment in May 2023, and up to now, 16% of the fixed investment chips have been invested. This part of the funds will continue to be invested according to the plan until June 24, and all the bullets will be invested.

3. New thoughts on the decline on August 17

1. The sideways movement of Bitcoin still remains strong above 24000. Above 24000, Bitcoin's support is still very strong.

2. When Bitcoin falls below 25,000 points, Bitcoin will return to the bottom-hunting range of the 9 Gods indicator. Therefore, I put part of the fixed investment position in advance on sell put. If it is really concentrated, I will slowly exit through sell call.

3. Maximize the profits of the fixed investment positions (1) Divide a part into OK for currency-based financial management (2) Divide a part into the option account for the "pick up pennies" strategy. At present, some sell put passive buying positions have been taken. The next step is to boldly execute sell call to extract profits from this part of the position (3) Divide a part into LSDFI mining

4. Take out 20% of the bottom-fishing reserve funds as a base position and invest it into the option account to carry out sell-put passive buying to improve the efficiency of this part of the funds.

5. Look for new narrative targets and invest 10% of the fixed investment funds into new narratives (1) Buying time: Buy 20% of the target position at the same time when the reserve fund is used (2) New narrative target mining: Still thinking about it, mining from the top 200 market capitalization. The current initial favorite targets: new public chains, followed by L2

Learning to slowly become rich is the most important principle we should follow on the road of investment. Don't gamble. A momentary pleasure will not make us live longer. We should make continuous and stable profits and abandon the temptation of gambling for huge profits! Keep the principal. Market opportunities are always there. Only with the principal can we have more opportunities to participate!

Be patient and wait for the market to pull back for the second time, observe the price behavior, and buy at the bottom!

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.