𝐂𝐫𝐲𝐩𝐭𝐨 π–πžπšπ­π‘πžπ« π…π¨π«πžπœπšπ¬π­ - #34 "Why I Still Check The Charts? Because it makes me money!"

𝐂𝐫𝐲𝐩𝐭𝐨 π–πžπšπ­π‘πžπ« π…π¨π«πžπœπšπ¬π­ - #34 "Why I Still Check The Charts? Because it makes me money!"


We are in a bear market, why do you keep checking the prices all the time crazy baby?


Well, my dear reader because these are crazy times.

Bear markets have bear market rallies. And as I hold a lot of different coins some of them do actually rally.

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Of course, there is a risk.

I paid more for most of these coins them when buying them in a bull market. But that does not mean I can not profit from a rally.

These rallies during bear markets do not often last; if they do, itΒ΄s a couple of %. What they will do is go 20% up before going 18% down in the same week, or the one that follows.

So if you want to grow keep an eye on your coins, if you want to grow your stacks. Sell at 20% and put in a buy order 18% below that price. Or with the way the market is looking atm 25% below. That allows you to increase your stacks without investing.

No Baby BS

I doubled my AXPR/ETH pair and got a 70% increase on my LTO stack to name just a few over this last month- Keep in mind the bears are not all bat.

8dd2ea6fad3f1b5805719298fc31d4867b3757bf497ea63183c08e7d6fc9fa80.jpg

And just this weekend I did this with SOLR.

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Now the worst-case scenario is that you find yourself at the start of the next bull run.

LOL

Sorry, that was indeed a dead dad joke. We might see another bear market rally short-term when people will let the FTX sink in.

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This is an awesome time to play the market. Because well let me be conservative.... we have an 80% chance that the market will go further down over the next 8 months.Β  First of all, FTX outfall has not started, secondly, the imminent recession has not started.

FTX Outfall will happen before the end of 2023.

The recession impact will happen before August 2023, so 99% chance that whatever you sell today will be cheaper in 2023. And there is no better time to grow your stacks than in a bear market.

So this is no financial advice because you should not take that from a baby. The only things you should take from a baby is candy, but this already helped me increase many stacks by 30%.

8f59ec7321a24e095348045a654bf6cd6159d5bd4708155ed584572bb26bf581.png

Bottom Line

There is money to be made in a bear market by selling at a loss and buying back. So if you are holding many coins two things:

What you do not plan to sell, do not keep on an exchange.

What you do plan to sell....take 20% even if you are 90% down on the coin. ItΒ΄s as good as certain it will drop back and you add 20% to your stacks.

Β 


The Crypto Weather Forecast is myΒ take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, andΒ Always Honest.


Thanks for the read!

Give me a follow, give yourself a nice big tip, and please hit that like button!

It's one of the few free things in life!

Β 

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BitcoinBaby
BitcoinBaby Verified Member

Little kids keep asking why.....as a Noob in the Big Bad Bitcoin world the same is happening to me as I try to figure how to survive. My Posts will take you through all the things happening in my mind since I got on the BTC Rocket into Crypto Universe


How much is that Doge in the Crypto?
How much is that Doge in the Crypto?

As always I am late to the party, fortunately I am in good Company as Elon Musk confirmed he was too. Still I wish I joined a bit earlier and bought myself some DOGE coins to join the Dogearmy. Because this is the peoples coin and part of me is still a communist. But to buy Doge right now you have to be a capitalist as it surged like crazy. Lucky me was able to get some for free using Doge Faucet (https://bit.ly/3jpt0zq) and FDG exchanging (https://fdg.exchanging.cc/en/147339/)

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