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Damn, damn, damn! Keep going! Another passionate night, Bitcoin broke 50k, the US stock market crashed, I can smell the breath of financial freedom! Let's talk about the bottom-fishing plan.
1. I've been waiting for this moment for half a year! Really waited too long, now everywhere is gold. Ethereum, finally took the beautiful one from $5000 to $1500, Sol from 300 to 60, now it's time for us to enter!
2. No more nonsense, see the chart. My Sol added another 1 million at 60, ETH added another 1 million using options at 1500, currently the position has bought 40%, I expect to gradually be fully invested when BTC is over 50k!
3. Although Bitcoin is still struggling at 60k, the weaker small coins have already broken previous lows and started to decline early, so we buy small coins now, and Bitcoin will catch up with the dip later. When Bitcoin drops and small coins don’t move, that’s a bottom signal.
4. Actually, compared to the US stock market, Bitcoin is also considered a small dog, so the smaller market cap Bitcoin drops first, then the US stocks also started to crash these days, with declines always starting with smaller caps first, then the larger ones follow. According to this logic, the US stock market still has some way to go down.
5. Some friends asked me if I can short, the answer is definitely no, chasing short is dangerous. Because now it’s obviously oversold, the decline could stop and rebound at any time. If you missed shorting at 82k, and now at 60k you think about shorting, that’s a bit reckless.
6. So, we still need to respect the signal indicators. Previously, the market was overbought at 79,500-82,000, we firmly didn’t chase high, and positioned for shorts at the top. Now the market is oversold, we also don’t chase shorts, buy on dips without risking liquidation, currently only bought half, preparing for a deeper decline, giving the bear market the greatest respect.
7. This is a historic moment. While it’s too hot and we’re anxious about the decline, we are already preparing for the next wealth feast with bottom-fishing. Remember, the bull market will not disappoint those who persist through the bear market, because time will prove everything! Shuqin