Crypto Weather Forecast#34 "Why I Still Check 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.
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, it´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.
And just this weekend I did this with SOLR.
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.
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. 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 thing you should take from a baby is candy, but this already helped me increase many stacks by 30%.
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. It´s as good as certain it will drop back and you add 20% to your stacks.
The Crypto Weather Forecast is my take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
Crypto Weather Forecast - #33 "When Meltdown?"
Crypto Weather Forecast - #32 "What is still SAFU?"
Crypto Weather Forecast - #31 Warning ️ The Composite Man has A Plan ️
Crypto Weather Forecast- #30 A Climb comes before the Fall
Crypto Weather Forecast - #29 Why I See Another Big BTC Crash Ahead
Crypto Weather Forecast - #28 Weird Times Ahead as Bitcoin Outshines Gold
Crypto Weather Forecast - #27 My Portfolio is in Pain, but who cares it´s temporary
Crypto Weather Forecast - #26 My XRP Dilemma, when to sell?
Crypto Weather Forecast - #25 The talking P´s did not impact the crypto market, not yet!
Crypto Weather Forecast - #24 Prepare yourself for a volatility storm
Crypto Weather Forecast - #23 ETH should drop to $1000 to be in line with its #2 position
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Post Scriptum
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