I think this should be my first time posting since the year began, so happy new year friends! The new year comes with new resolution, and my crypto friends making adjustment to their portfolio. I heard lots of people saying this year pump is going to be massive, taking Bitcoin to $250k. while this figure looks very much realistic, but hey! One thing we need to realize is that; In every financial market { stocks, crypto, metal, commodity }, one thing seems to be very common among them, and that is hyping, it's a common trick used by the professionals to get you into making unfavorable investment. This is very common and if you have been in the crypto space long enough, you must have learned this by now.
CAN WE BE REALISTIC? The pump maybe over, if Bitcoin can't break ATH at $106k we shouldn't be expecting anymore higher prices. What is left now might be to see altcoins rally a little maybe break all time highs and then bear season begins again. It's a normal thing , we have seen this over and over again. 2020 to 2o21 bull market thought me a lesson where I invested $3,000 in to some selected crypto asset, My target was like 2x, but guess what ? I was really buying up at the peak, when the well informed investors where already distributing but the hypes was getting more stronger dragging more attention from the uninformed or the newbies and greedy investors.
FALL TO THE TRAP ; I invested $3000 into a portfolio of crypto asset hoping to make a 2x out of that, then it seems the price was going at a moment, just like the volatile nature of the crypto assets are, I was so remiss to perceive the play. At what time I could realized I was already down portfolio left with $2500, " it will bounce back stronger", I kept telling myself. Already my mind was filled with the crazy market hyping and making 2x at least was the major goal that blinded me from perceiving what the market was showing me or presenting to me. Before I knew what was happening, my portfolio was totally down and I was left with $600. That was when it started ringing well in my head that I have really fallen for this. I started reasoning what I could have done with my $3k as should had been a better option to investing in crypto, but all came after the fall was evident. It was really like I was gambled.
DON'T BE LIKE ME; one of the advices I usually give to traders is that, buying any market at the peak amid a strong hyping is a fully perceived trap worse than catching a fallen knife. the Thing is, I was fully aware of the market rules then, I traded the market then profitably, but the actual tendency to which I fell in a trap for that, could be attributed to the power of hyping and crypto market raiding. What we would see to be a complete lost in the hypes. I saw all the information represent boldly in the market chart, but yet I failed to analyse them. NO doubt, I paid for it greatly, and so did every other 98% uninformed.
TO BE AMONG THE TOP 2% INVESTORS; If all you know in life are from lessons learned by experiences, you probably be having scars meant for remembrance. The 2% profitable investors were once like you, traded and invested blindly. They made mistakes many times and learned from those experiences. What do you think is very different about them ?
1] They have perceived that the multitude do almost the same thing over time and so they decided to take the other side of the market, thinking differently from the multitude { retail investors, newbies and market wonderers }.
2} They learned from all they had done wrong and the mastered their art. But you retail traders are still doing the same thing multiple times without even considering by second thought why they are not working out.
3} They keep making you see reason why you should buy at the peak. encouraging with crazing hyping often with economic changes, government new rules and change of power. Woo!! funny enough this data could affect the market, but at a short term. When the market is changing, its changes. What ever happens {even with news} will only affect the market for short term.
4} They only bought at the market bottom, totally in a discount quietly with little to no moves. while you were busy selling to them out of fear and impatient.
5} They project good news after when they are done accumulating enough to get you in again. So you get in again hoping to make 100x of your investment, when they are just looking for 10x or even less. They got to their target price and began distribution, suddenly the price dropped to a fair price level and gained support, then gradually moved up but couldn't even cross above { mitigation block or SMS } the ATH. Even with this signal, you were still holding. Now they begin to announce good news and telling you speculative future price expectations, of course that's what you want to hear because you were already expecting 100x, the news sounded interesting. They tell you this because they want to maintain a particular price level to secretly offload their holdings. So to do things, they have to get the retail investors buying as much as possible { the hedge psychology } to help maintain a particular prices level while they keep selling.
DIAL MY RESCUE STRATEGY DIGITS FOR A CALL; ONE WAY TO A HELP:
Now consider the above good five secret trick used by the pro guys. Think deeply of the 5th one and tell me if you have found these plays in the bitcoin market. Or should I further show you play in a candle chart ? SO your thoughts were that these stuffs where design for your gains right? The market is completely zero sum. you play wisely you win, you join the crowd, you lose; because the crowd always lose. So I will show you complete weaknesses in the market amid this crypto bull market hypes
can you figure out weakness in the market ? This is what am saying, it might surprise you that people are busy buying up this low, while the informed investors are distributing their holdings. The above listed strategy should give you the info on how this traders/ investors work. Richard wyckoff called them " the composite man". That is basically how these guys operate the market and if you should desire success, you have to follow their steps and separate yourself from the crowd.
CONCLUSION
With all I have said so far, it should interest you to know that I am not a financial advisor. And there is nothing in the above piece that indicates any financial advice. So if you are relying on those strategies, you are strictly at your own risk. No word constitute an investment advice. So you are advised to do your own research, as it's possible for me to be completely wrong. I do hope you trade wisely.
If this does make sense to you, you should leave a thumbs up. Thanks for sticking around and see you next time.