This is not a bull market! This is not a bull market! This is not a bull market!
This is important, so I’ll say it three times—because some friends who missed the move have started asking me whether they should chase the price up.
I can understand that feeling, because I basically missed this round of the rally too.
Going against the Fed’s rate-hike cycle and the Bitcoin cycle, a lot of technical-style KOLs and old-season greenhorns have also missed the rally—so does that make it feel a little better…
As mentioned above, this is not a bull market; at most it’s a “monkey market”! Because the fundamentals don’t support a bull market.
Today I saw a certain theory: on November 3, the U.S. midterm elections. To keep attracting and winning over crypto voters, Trump allegedly has to neutralize every piece of bad news so that the market stays supported until after the election.
That idea is kind of interesting, but it also fits the market fundamentals: whether you call the “small bull market” or “monkey market” of 2019, and the current situation, at their core they’re both “corrective rebounds” after a bear market.
However, this time the market is facing Fed hikes to 3.75%–4%, whereas in 2019 the Fed rate was cut from 2.25%–2.50% down to 1.50%–1.75%.
So if you can’t help yourself and feel compelled to act, just go find a pullback and do some swing trades. Don’t get too big-picture optimistic—don’t expect a huge bull run. If the market goes wrong, cut losses in time. Don’t “hold through it,” and also take profit on time—don’t be greedy.
In “Liangjian,” Teacher Chang said to Li Yunlong: You need an iron mouth, steel teeth, and a wooden butt—what are you sitting there for? Go experience it. No one can go through every bit of excitement in the world!
In the crypto space, 90% of the time is boring market action, 5% of the time is watching others make money, and the remaining 5% is when you make money. Grab that 5% and that’s when your destiny explodes.
This is important, so I’ll say it three times—because some friends who missed the move have started asking me whether they should chase the price up.
I can understand that feeling, because I basically missed this round of the rally too.
Going against the Fed’s rate-hike cycle and the Bitcoin cycle, a lot of technical-style KOLs and old-season greenhorns have also missed the rally—so does that make it feel a little better…
As mentioned above, this is not a bull market; at most it’s a “monkey market”! Because the fundamentals don’t support a bull market.
Today I saw a certain theory: on November 3, the U.S. midterm elections. To keep attracting and winning over crypto voters, Trump allegedly has to neutralize every piece of bad news so that the market stays supported until after the election.
That idea is kind of interesting, but it also fits the market fundamentals: whether you call the “small bull market” or “monkey market” of 2019, and the current situation, at their core they’re both “corrective rebounds” after a bear market.
However, this time the market is facing Fed hikes to 3.75%–4%, whereas in 2019 the Fed rate was cut from 2.25%–2.50% down to 1.50%–1.75%.
So if you can’t help yourself and feel compelled to act, just go find a pullback and do some swing trades. Don’t get too big-picture optimistic—don’t expect a huge bull run. If the market goes wrong, cut losses in time. Don’t “hold through it,” and also take profit on time—don’t be greedy.
In “Liangjian,” Teacher Chang said to Li Yunlong: You need an iron mouth, steel teeth, and a wooden butt—what are you sitting there for? Go experience it. No one can go through every bit of excitement in the world!
In the crypto space, 90% of the time is boring market action, 5% of the time is watching others make money, and the remaining 5% is when you make money. Grab that 5% and that’s when your destiny explodes.