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Blessed Sunday Investors!
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𝗪𝗵𝘆 𝗱𝗼𝗻'𝘁 𝘆𝗼𝘂 𝗯𝗲 𝗮𝗺𝗼𝗻𝗴 𝘁𝗵𝗲 𝘄𝗶𝗻𝗻𝗶𝗻𝗴 𝘁𝗲𝗮𝗺
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Chinese BTC strategy with +11% profit
Bitcoin made another jump, from 38k to 48k within 19 days. Every year we use the same strategy:
Data from «10x_Research» shows that buying $BTC 3 days before the Chinese New Year and selling $BTC 10 days after the Chinese New Year results in an average return of +11%.
Where Bitcoin will move next?
At the moment we are in a reversal pattern "Diamond", which we are likely to break down. We are oriented that the exit from the pattern will be on February 17 or so.
Until then, Bitcoin MAY grow to $51,000-$53,500.
But it does not matter much, as we are waiting for a big correction for 2-3 months.
Therefore, I recommend to look for levels for partial taking of profits first. To have the cash to buy bitcoin back at a lower price.
The current correction of -21% is not enough to update ATH (All Time High). Expect a correction of -35-50% and prepare for a bull run.
🔥Don't worry about missed profits. The biggest opportunities are ahead of us for the entire 2024.
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Why the market is leaving you behind
How do you feel now that bitcoin is worth ~$50,000?
Regrets of lost opportunities, I suppose.
After all, in early 2023, you could have bought Bitcoin at ~$23600 and gotten 118% profit in the last 12 months.
But most people didn't buy Bitcoin at $23k, because a month earlier it was only $16k and it was scary to buy. What if we fall even deeper to $10-15k....
And not many people bought Bitcoin at $16k.
I bought 39 BTC at $16-17k for $500,000 and now the total value is $1,950,000
I bought at a time when everyone was trying to bury Bitcoin with FUD, just so that you are discouraged from buying it cheap. Ideally if you bought in during 2021/22 at $40-60k and close a big loss, this is the best outcome for them, not for you.
What are you thinking now? Fearful and greedy at the same time.
When the market is going up we want to see the price drop so we can still enter this market and join everyone who brags about their big profits.
Bitcoin offered this exact opportunity at the end of January 2024 with a correction of -20%. But the masses did not buy Bitcoin. Because they are scared again, in case the price will go even lower and they can get it for even cheaper....
However, Bitcoin has gone up again, hitting a new high since 2021.
What will you do when we see the -30-50% correction that is needed to refresh the all-time highs?
It's going to be very scary😱
I want to buy, because the asset is cheap now. But what if we go to 16k price again and it's better to wait.
This tension has been created for 2 years by market makers to knock out all of the weak players at the most crucial moment before the real bull run and culmination.
Total uncertainty in which you will experience a full range of emotions: fear, greed, FOMO, anger and euphoria.
Psychology and the ability to manage your emotions is the key to your success in the financial markets.
Learn to manage your emotions and correct money management will become second nature.
Be careful and think clearly💸
