Real Bull is not like a Red Bull: Getting away From Crypto Drama!
WakeUp to Reality | Exit Altcoin? | Pro Level Analysis
Inflation, bear market , credit card debt, war, national debt, internet price, high rental cost, declining net worth of billionaires, politics, low savings and high daily costs, crypto storms, there are several reasons to believe that 2023 will be a tough year. What will be the effects, and why? All of this is beyond your or my control. If we ignore the global and national circumstances. Let’s take another look at the market to see what happens next.
Many people missed this bull rally, missed aptos or sol, didn’t purchase at lower levels, leaving all these pains and regrets. Please read this article thoroughly.
You must have observed something in this bull rally: noise, uproar, anger, haste, whales aggressive on future trades. After watching all of this, one thing is certain: the bull market has not begun. Why?
Real Bull
A true bull that has to go very high will never cause a noise. A fake bull will cause uproar, as shown in the present crypto environment. It’ll make a sound and then turn around.
Real bull will never go off like a rocket. The price will halt, then fall, then rise, and the cycle will continue. We will not even notice that the market is rising.
As with an analogue watch, we need carefully examine the minute hand to determine whether it is running or not. You will never notice that the minute stick is running. But if you wait long enough, that stick will come ahead. The minute stick is running, but it cannot be seen.
Best Example
Must have seen a one-year-old child. Every day, you play with him, put him to sleep, care for him, and feed him. It is unknown how the same one-year-old child becomes 4–5 years old before your eyes. You observe your child every day, yet he is not growing up.
You’ll notice the difference when you see the child in the photos.
Every market starts working as soon as it arrives. You are looking at the bull market in order to catch the bull. You will, however, be unable to capture him.
Acquire
Everyone wants to obtain it as soon as possible. Understand this: if it comes quickly, it will also vanish quickly. If you get it quickly, it will also vanish rapidly, and only those who acquire it slowly will last.
This can be observed in bitcoin. The price of Bitcoin is rapidly rising, and everyone is busy purchasing coins. It will also fall like a surprise.
Famous Advice
So far, Warren Buffett’s famous advice has been that everyone must get wealthy in our world, but no one wants to become wealthy slowly. Nobody desires to get wealthy with patience. If you want to get wealthy with patience, you will, but if you want to become wealthy quickly, you will never be able to.
Carelessly
This is how the present scenario is growing. Many people abandon their planning and strategy and acquire coins carelessly. The goal should be to make a short term profit.The bull market has begun, and we must not let it slip through our fingers; do not entertain such thoughts. Be patient; it will cost a bit, but work safely since if your money is safe, you can make money whenever you want.
The bull market has begun, and nothing is being purchased, cryptocurrencies are being pushed, and everything is in a loop. Our minds are wandering with the mental dominance of such a situation.
Mental Dominance — Dopamine
You should be doing something, but you aren’t. All of these ideas are buzzing in your head, creating a loop, and you have reached the stage of mental dominance. It is necessary to take positive action in order to break this loop. In the financial world, numbers and charts are more important than gut instinct.
When you acquire coins and that coin pumps 5%-10% after a few hours, your brain releases dopamine. This dopamine will urge you to hang on to more in the hope of making more money. After that, if the market makes a U-turn, you will not sell at a loss.
Keep Your Mental State Stable
All of this is being said to make you psychologically aware so that you may understand the market.
WHY EXIT
The probabilities of Bitcoin breaching the 24k-25k zone in a single strike are quite low, which has become the limit of the up side moment in bitcoin. Technically, the 24k-25k zone test must be repeated 2–3 times. If the price remains stable following the test, the rise will continue.
The price of bitcoin is now trading around $23,000, but the possibilities of getting a return are only 1000 to 1500 points, and if we look at the downside, there is a risk of sliding around 4000–5000 points. When compared to the danger, the reward is quite little. Profit booking must be prioritized wherever this situation is seen.
The market may or may not rise from its current level of $23,000; it should make no difference to us. The more you trade, invest, and swing trade in the market while considering risk and return, the better your entry and exit will be.
It is now time for me to leave the short-term altcoin market and keep the funds in my wallet. If you have funds, you may do DOLLAR COST AVERAGE in strong coins or your favourite cryptocurrency.
Money king
The one with the most money will be able to rule.
The one with the most money will be able to reign. If you have money, you will be the luckiest person in the world since expensive items may be cheap in your eyes.
I have 2 Conditions…
- If bitcoin reaches the 24k-25k resistance zone, I will exit. After that, you can expect a pump or a dump.
- If Bitcoin breaches the $22400 mark, I will quit immediately.
I preserved these two points of view so that my mind could think in the current time and make judgements.
What do you believe will happen next in bitcoin and whether it is better to sell altcoins? Please share your thoughts in the comments below.
Clap — Share — Comment — Happily ☻
Disclaimer
This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.