When the market is volatile, I choose to stay silent and observe rather than act hastily.
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In the past, every time the market turned red, I jumped in to catch the bottom, FOMO, and continuously cut losses. After losing money several times, I realized: silence and observation are also forms of discipline.
When the market has no clear trend, I usually do 3 things:
1. Spend time reviewing the whitepaper of the coins I hold.
2. Update on macro trends: CPI, Fed, where large funds are flowing.
3. Review my personal plan: Financial goals, how much investment capital is left, am I being influenced by emotions?
Not every action leads to results. Sometimes, staying out of the market for a while helps me keep a cool head.
What about you? Whenever the market is unpredictable, do you choose to continue or pause?
3 reasons why Bitcoin is not 'toang' yet despite the red-hot market
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Many people are panicking because the market is blood red, but I personally still believe Bitcoin is not 'toang' – here are the 3 main reasons:
1. RSI Divergence: The price is dropping but the RSI on the daily is creating higher lows => a reversal signal is approaching.
2. Altcoin market cap is decreasing sharply: Investors are pulling money out of Altcoins and waiting to catch the bottom of BTC – there is still liquidity in the market.
3. Weak crowd psychology: On Feed & Twitter, everyone is scared => the market often does the opposite of the crowd.
This is not investment advice, just my personal perspective after having my morning coffee. What do you think? Will BTC bounce back, or continue to drop to 52k? #CryptoVietnam #BTC