During bull market structure dips, BTC can drawdown up to 30%
Current drawdown on BTC is about 9.5%.
But historically that was when BTC is much smaller and a more volatile asset class
Alts on the other hand can drawdown up to 40%-60% during bull market dips
But the good thing is these dips usually don’t last too long, usually resolving in days or even 1-2 weeks
When the market presents a good dip opportunity, always just start to take action. Yeah it might go lower, which is why you prepare tranches to buy dips in.
Not all alts are built the same, some may not recover from these dips ever again, but the ones that recovers… yeah bid them hard
Markets have the memory of a goldfish, once the pendulum finished it’s downside momentum, it will flip quickly to upside momentum again
No in betweens, especially in a reflexive asset class like crypto.
So find coins you like, or add to coins you like now that they are cheaper, and just wait. The best is yet to come.
Dips now reveal who the real holders are and who the jeets are. Wo Long in particular hates weak hands, so the volatility is simply a filter system
To healthily start the next leg up, toxic leverage and weak hands will be shaken out first. Always have been, always will be
Just sit and chill tbh. And finish up your shopping while you can
Current drawdown on BTC is about 9.5%.
But historically that was when BTC is much smaller and a more volatile asset class
Alts on the other hand can drawdown up to 40%-60% during bull market dips
But the good thing is these dips usually don’t last too long, usually resolving in days or even 1-2 weeks
When the market presents a good dip opportunity, always just start to take action. Yeah it might go lower, which is why you prepare tranches to buy dips in.
Not all alts are built the same, some may not recover from these dips ever again, but the ones that recovers… yeah bid them hard
Markets have the memory of a goldfish, once the pendulum finished it’s downside momentum, it will flip quickly to upside momentum again
No in betweens, especially in a reflexive asset class like crypto.
So find coins you like, or add to coins you like now that they are cheaper, and just wait. The best is yet to come.
Dips now reveal who the real holders are and who the jeets are. Wo Long in particular hates weak hands, so the volatility is simply a filter system
To healthily start the next leg up, toxic leverage and weak hands will be shaken out first. Always have been, always will be
Just sit and chill tbh. And finish up your shopping while you can