Looking at the overall picture of the global financial market, it seems to be in a downtrend for various reasons. From the trade war to concerns about economic recession, blah blah. Major indices have all experienced a significant slowdown, dropping 15-30%. After the slowdown, they seem to be tired and need a little rest, recovering 10-20% just to make the next generation happy. But fundamentally, there is no immediate uptrend because the world is still too bleak. The tariff bomb from the trade war and the concerns about economic recession are still intact. As long as these two issues are not resolved, or have not occurred, don’t think about an uptrend.
As for gold, it's sprinting before reaching the finish line. It is being pumped due to concerns about tariffs and recession, so people are buying it to seek refuge. Now is not the time to buy gold as it has already risen too high.
Looking specifically at the 'crap' market, it seems that the monthly candle of Mr. B has temporarily created a bottom at this price level, which is about 80% similar to the 2021 phase. Of course, nothing will repeat 100%, but history is always good data to view the future. By looking at the monthly candle, we can see the completion of peak 1 and waiting for the formation of peak 2 before Mr. finishes the race. The price may have to stay at this level for a while waiting for news or something unknown to us that acts as a catalyst before it can run like a rocket. This needs to be waited for, there’s no other way.
As for other altcoins, I have given up on all of them and only hold BNB. For me, they are all dead now. I accept that I was wrong to expect a major altcoin season like 2021 to become rich overnight. Even ETH is fluctuating, so I don’t even need to mention the smaller coins that haven’t even split 7 to 10.
Looking at BTC.D, the monthly candle clearly shows that it is still in an uptrend. This means that altcoins have not finished decreasing yet. The only thing holding me back right now is that btc.d has not decreased. But if it does drop, I will only pay attention to buying top coins. I won't care about meme coins or new coins. My heart has died once, and I no longer have faith in x100 or x1000 anymore 🥹.
Continuing to talk about the Vietnamese stock market. Personally, I always say that 90% of my capital is here. For me, this is the place to get rich because it is protected by law, and I don’t have to worry about being scammed when depositing or withdrawing money. And at least I know what my company looks like and how it operates. Buying for the long term also allows me to receive dividends from the company, which is a little porridge to get through the day 🥲.
• Vietnamese stocks, in my opinion, have not corrected enough. The world has dropped 20-30%, while we have only dropped 14% and then bounced back, now dropping only 8-10%, which is not attractive enough. The proof is that since the beginning of the year, foreign investors have been selling off like crazy, with no signs of returning to buy.
• Next, the US and China are fighting. The other day, Mr. China came to visit my Vietnamese cousin, and now Mr. US is jealous. There are hints that he will let the Vietnamese know what a festival is. With the situation of not having negotiated tariffs yet, but just a temporary 90-day pause, Mr. US is already jealous like this, so the tariff knife is still hanging over our heads. So it’s not the right time to buy.
So what are you doing in this market?
I am sulking!!!
I work 7 days a week. The most I work is from 9 AM to 11 PM preparing for what’s to come. For me, the period from now until 2030 is an important turning point. Whether I succeed or fail will be decided at this stage; skipping it will make it 'very very very' difficult to change. There are many and lengthy reasons, so I will write about them in another post if everyone wants to read. But generally, it’s about making a lot of money to prepare to buy assets. Skimp on food and drinks, cut down on bubble tea to prepare. Opportunities are only for those who are prepared.