The most interesting part of the August pump wasn’t how fast Bitcoin ran up.
It was how quickly the feeling appears that “I need to be in already.”
The market sat quiet for weeks. Then in a few sessions it cleared 70k, 75k and pushed above 80k. At that moment it’s very easy to stop thinking about the structure of the move and start thinking about how much you’ve already “missed.” That thought is what usually pushes people into emotional entries.
I deliberately stayed out of that move. Not because I didn’t believe it could continue. But because after such a sharp vertical run the market almost always gives a cleaner chance later - either on a pullback or once the emotions cool down a bit.
Right now we’re in that phase where a lot of people have either taken profit or are just sitting on the move. And this is exactly when it’s more important not to chase the pump, but to wait for a level where the risk/reward starts making sense again.
An emotional entry into a strong move almost always feels logical in the moment. A week or two later it often looks very different.
It was how quickly the feeling appears that “I need to be in already.”
The market sat quiet for weeks. Then in a few sessions it cleared 70k, 75k and pushed above 80k. At that moment it’s very easy to stop thinking about the structure of the move and start thinking about how much you’ve already “missed.” That thought is what usually pushes people into emotional entries.
I deliberately stayed out of that move. Not because I didn’t believe it could continue. But because after such a sharp vertical run the market almost always gives a cleaner chance later - either on a pullback or once the emotions cool down a bit.
Right now we’re in that phase where a lot of people have either taken profit or are just sitting on the move. And this is exactly when it’s more important not to chase the pump, but to wait for a level where the risk/reward starts making sense again.
An emotional entry into a strong move almost always feels logical in the moment. A week or two later it often looks very different.
