Let me point out an issue that many people might overlook. I’ve mentioned this viewpoint before:
Actually, the previous bull-top was in August, not October. October was basically a pattern of price probing up and down—like inserting pins—to clean out short positions and long positions. If you look at it this way, then this year’s July rally topping occurred a month earlier, reaching the bear-bottom sooner. Doesn’t that feel more reasonable?
If that’s the case, what should everyone do next?
You should guard against stop-hunting that cleans out long positions. Don’t short. Instead, place buy orders for spot holdings near the centralized liquidation/clearing zone on the futures side. For small dips, buy a little; for bigger dips, buy more.
Long ago, I told everyone: the top of the last bull market was in August, not October. I also reminded everyone that the previous bull market hadn’t reached its full target, and the bear market wouldn’t fall too deeply either. If you calculate a 70% drop, you should base it on a drop from 150,000—not 126,000. Everyone is waiting to “buy the bottom,” but you won’t be able to pick the real bottom. It won’t give you that opportunity. I also said the market would bottom earlier—it wouldn’t wait until October to bottom. And I called out “get on board” around 62,000.
Now I’m telling everyone again: based on this viewpoint, think a bit more about how to trade and adjust your strategy.
Actually, the previous bull-top was in August, not October. October was basically a pattern of price probing up and down—like inserting pins—to clean out short positions and long positions. If you look at it this way, then this year’s July rally topping occurred a month earlier, reaching the bear-bottom sooner. Doesn’t that feel more reasonable?
If that’s the case, what should everyone do next?
You should guard against stop-hunting that cleans out long positions. Don’t short. Instead, place buy orders for spot holdings near the centralized liquidation/clearing zone on the futures side. For small dips, buy a little; for bigger dips, buy more.
Long ago, I told everyone: the top of the last bull market was in August, not October. I also reminded everyone that the previous bull market hadn’t reached its full target, and the bear market wouldn’t fall too deeply either. If you calculate a 70% drop, you should base it on a drop from 150,000—not 126,000. Everyone is waiting to “buy the bottom,” but you won’t be able to pick the real bottom. It won’t give you that opportunity. I also said the market would bottom earlier—it wouldn’t wait until October to bottom. And I called out “get on board” around 62,000.
Now I’m telling everyone again: based on this viewpoint, think a bit more about how to trade and adjust your strategy.