Market Report Update; (
Must Read)
What do you think guys Matket bottomed or yet to be bottomed.?
In my opinion it’s quite close to bottom if not bottomed yet.!
However there are significant chances that it may give absolute wick Down to 13.8 or a bit lower to 12K .!
Bullish Market will be confirmed if BTC closes above 22K by the end of 2022..!
So what’s the plan if it happens.?
My plan is simple, I’ll keep adding to my longs and spots .!
Why so.?
I don’t want to be the bottom catcher and finally missing it out.!
Cause of Bottom.?
Fed Pivot
Earlier fed was hawkish and rate hikes escalated to 4% created a risk-off environment (cryptocurrency is a risk on asset)
Let’s understand this by an example:
If you are big money guy and banks pay you 4% interest rate without any risk then why would you invest on risk-on asset.?
What’s the current situation.?
FED has given a hint of slowing rate hike while inflation has shown a sign of cooling off.!
(Earlier fed hiked .75% now hinting 0.5% rate hike)
Which means now
investors know fed can’t keep pulling money out of the market forever.
so, they started injecting money slowly back to the market .!
That’s risk-on assets
It’s a cycle which keeps repeating itself forever and retailers would never understand that.!
What should you do now.?
If you are a holder and have patience start deploying your cash back to market in phased manner (like DCA every 25-30% drop)
Day traders would have understand the frustration by now.! So learn to have patience.!
Prepare a portfolio of coins you like most and start adding to them slowly !
You don’t need to go all in one time
You don’t need to catch the bottom
You don’t need to watch your coins 24X7
Ko'proq ko'rsatish ...