The market is so wonderful. When the market suddenly rises, the market enthusiasm rises instantly. Just when everyone thought that Bitcoin would completely stand above 60,000, a big negative line came just now, shattering the confidence of the majority of retail investors.
We don’t know how many times we have been tossed around by such market conditions. Thirteen knows that everyone is exhausted now.
My heart is really tired.
In fact, there is nothing strange about the current market trend. It is a very normal fluctuation.
But it was a huge blow to everyone's self-confidence.
I see many bloggers have given bullish points and encouraged everyone to get on board quickly. Now it’s a bit awkward.
To deal with this kind of market situation, Shisan has told everyone countless times that you must wait until the market plummets to its extreme point before entering the market.
Instead of a 4-point increase, this is a completely normal fluctuation.
As a fan of Thirteen, everyone should have their own long-term positions. If you don’t understand this, just sell high and buy low for short-term positions.
This morning I asked everyone to set the stop loss at 60,500. If the market takes off, then we can make money. If the market falls back, then we can hold on to the profits from this wave of volatility.
When Bitcoin fell to around 58,000, we had funds to buy at the bottom again.
Thirteen certainly doesn’t know when the market will fall or rise. No one in this world knows, unless you are BlackRock.
So we can only operate using the most robust method.
2，
In fact, the market situation in August is easy to judge.
At the beginning of this month, we said that there was a high probability that August would close with a negative line. At that time, the price of Bitcoin was 66,500, which means that on the day when this month ends, Bitcoin will most likely be lower than this price.
Don't have too high expectations for this month's market.
So what will happen in September? According to historical analysis, the probability is rising.
A lot of things happened in September. The first was the interest rate cut. This is the most significant signal that the bull market has started. Starting from this position, the market may really start.
Generally speaking, the rising trend will start 160 days after the Bitcoin halving. This round of Bitcoin halving has passed 125 days, which means it is a long period of time. By the end of September, the trend should start.
The whole plate is almost done.
Of course, these are all analyses based on historical laws. Will this time be different?
After all, with the approval of Bitcoin/Ethereum spot ETFs and the entry of traditional funds, some things have quietly changed.
3，
Today, Tether issued another 1 billion USDT.
This wave of rise clearly shows that some institutions have entered the market.
Yesterday’s article clearly stated that institutions should enter the market now if they have money. The longer this volatility cycle lasts, the more beneficial it is for institutions.
Almost all institutions are optimistic about the future of Bitcoin, but retail investors always like to imagine that a bear market is coming.
No matter what others think, at least the friends in Thirteen Circles cannot just follow the crowd. They must have confidence in Bitcoin, in themselves, and in Thirteen’s judgment.
Basically, senior people in the cryptocurrency circle are lurking and waiting for the bull market to start, only the leeks are still panicking.
One of my friends even told me that he lives in fear every day.
Thirteen is also very confused. Why would there be panic? If you don’t have any loans, high-multiple contracts, or heavy positions in junk coins, what is there to panic about?
Although the current numbers in the account look very painful, in a few months all our dreams will come true.
But now many people can't bear it anymore.
Especially today's sudden market pullback has made countless investors lose their last breath.
Now I have almost completely given up on the cryptocurrency world.
The trend is obvious. If more people are pessimistic in the market, the closer it is to a true V-shaped reversal.
September will be a critical month. As long as there is no major negative news, the spring of the cryptocurrency world will soon be here.
4，
Finally, let’s talk about gold.
Frankly speaking, there is really no way out if you encounter this situation. You must state your personal situation truthfully and don't hide anything, otherwise there will be big problems.
We are all legitimate and trustworthy cryptocurrency investors.
Face it calmly when you encounter it.
Just follow the procedures when necessary and provide the information when necessary.
As long as you don't do anything illegal, you're invincible.
Never compensate someone you don't even know for the loss just to unfreeze the funds. Just wait and see. No one can take the money away anyway, and it will still be yours when the time comes.
However, when operating, try not to do so through off-site methods. You must go through an exchange and choose merchants with large trading volumes and real names to trade.
Everyone remember: Investing in cryptocurrency is not illegal, we should not feel any guilt, do not steal or rob, and invest through formal channels, there is nothing to worry about.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the world of cryptocurrency.
