Looking around the market, we see that this time there is so much good news that projects are trying to release it all as a growth catalyst.
December is coming, usually the end of the year is when the demand for cash is high, financial institutions and retail investors all need to "celebrate the holiday" and restructure their portfolios. So as usual, the market often fluctuates at the end of the year.
Especially in years when the market peaks:
• 2013 cycle: December dumped 33% after creating a peak.
• 2017 cycle: December dumped a red candle more than 40% after creating a peak
• 2021 cycle: Dump continuously from November to the end of December about 40%
However, during the years of bullrun momentum, there was not much fluctuation and even positive growth.
• December 2012: Slight increase of 6.5%
• December 2016: Increase 29%
• December 2019: Slight decrease of 4.7%
• December 2020: Bull increased 47%.
The crypto market has been dumping and sideways for more than 2 years, it is likely that we have entered the growth wave of the next cycle.
Therefore, in the coming period, the top priority is not to lose goods.
Of course, we cannot rule out the possibility of a blackswan event as a perfect reason for economic stimulus packages, creating a flashdump similar to 2008, 2019.
At this time, if you do not have the ability to do technical analysis, are not good at capital management, or do not have the courage, the best choice should be "HOLD TO TARGET".
In my view, I still believe there will be a flashdump to clear all the dragons before we can start fighting.
But my actions are "DCA & HOLD".
Prediction is just a matter of prediction. After consideration, I have eliminated optimizing the quantity according to the old plan. If blackswan comes then go all-in, otherwise just DCA periodically.