1/ π¨ MARKET UPDATEπ¨ A thread... π
Below I will share my views of the market and my plan, are you in? Lets go...
#Bear markets are great opportunities to scoop coins at a significant discount. The right picks can change lives.
Don't fall into FUD! Start planning!
π
2/ This is my third bear market. Here is what I learned so far. Bitcoin first. π
#Bitcoin bottoms after 85% drop from ATH, #ETH at 95%. Will we see similar drops now? Possibly, but maybe not.
Below the #Bitcoin levels to watch as we drop.
3/ $30k for #BTC is almost certain. If that breaks (likely), then $20k is in play.
To me $20k is the most likely level where we will bottom after a 70% crash. Why?
Previous ATH and strong support levels. Moreover, institutions are here now, so a 85% drop is less likely. π
4/ If you think #BTC is not in a bear market, look at monthly MACD (pictured).
I will scale into #BTC as we move under $30k. WHY?
#Bitcoin can reach over $1 mil by 2030. Of course I am buying... π
5/ Now #Ethereum and shitcoins (ETH pictured).
I am not interested in #ETH until it falls under $1k. After that I scale in. I'd be surprised if it stops at $1.4k (70% crash).
#ETH will easily go into 80% if BTC drops to $20k. π
6/ What about my shiny #shitcoins? Expect a drop between 80-95%. That is when you buy.
Think #ADA at 30 cents, #Luna under $10, #SOL at $20. Do the math, see what makes sense.
Don't spend big early and don't fall for the FOMO relief rallies. π
7/ Keep powder for when there is blood on the streets.
What I will buy at a discount (in that order):
1. #BTC
2. #ETH
3. #Luna / #LQTY
4. #SAND
5. #CRV
6. #BNB/#FTX/#WOO/#KCS
7. #UNI/#1INCH
8. #GRT/#FLX/#LINK
9. π
No #ETH killers? No. #ETH will kill them instead.
8/ I will also get some high risk/high reward plays... depends what is hyped as we move into 2022.
Now start building your plan. What will you buy, when and start saving powder, particularly if $BTC falls under $30k.
It will feel like X-mas, but better. π
9/ Good to also consider this picture for #BTC, but there are a few concerns:
1. Stock market crash incoming...
2. War in Ukraine...
If those materialize in 2022, I can't see how #BTC correction stops at 57%... π
10/ Don't focus so much on the bear market, but what it can offer you in the next cycle.
#Crypto adoption today is like the Internet in 1997. YOU ARE STILL EARLY!
Don't get sidetracked and ignore those joking about crypto... "look its crashing, told ya it's a ponzi". π
11/ If you play this smart, it can change your life. Focus on that. WORK HARDER, MORE and KEEP BUILDING. π€©
Find gems and #HODL them as $1,000 invested in 2022 can be life changing later.
If you liked this thread, please share, retweet, follow & like. If you need guidance...π
12/ Join me on Discord:
bit.ly/3n2gng0
Bear markets are for buying, bull markets are for selling! Bear markets also build character and resilience, embrace them! π₯°
P.S. If you lost a lot, it's just money, don't forget what matters. Trust me I know. π
13/ P.S.S. This is my opinion, the market will do what the market does. Prepare accordingly and do your research.
NFA.
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