Someone should check on Capo and Don Alt, two famous crypto heads on Twitter who turned bearish at the most inappropriate times. As I mentioned in a previous post, there's a time to be bearish and a time to be bullish. The time to be bearish was when LUNA started the shitshow that dragged BTC into the gutter.
No one believed we would see BTC under $20,000 again, yet it happened. Very few believe that we will see a $100,000 BTC this year, but believe me, we will be there to witness it. The bottom for the past correction was in at $56,000, but that wasn't enough for the crypto gurus. They wanted more...
Now we are witnessing god candles on Bitcoin and all sorts of altcoins once again, with ETH leading the charge. Based on rumors regarding a potential approval of a spot ETF in the US, ETH pumped like hell the other day. And you know what happens when ETH pumps: altcoin season, baby.
Thus far, we've seen corrections of 18%-23% during this bull market, with the last one being 23%. It's time to move on now and become bullish once again. A 20% price appreciation over 24 hours for ETH is bullish territory price action. We haven't seen retail coming in yet.
While you and I here are retail indeed, we are smart money because we accumulated during the bear market and are looking to sell during the following months, or whenever "things get out of control." And they will...
FOMO will kick in once again and we are going to print new ATHs on many alts. "But sir, my coins have not pumped hard yet"... Welcome to the club! Not everything will perform equally, but all of them are going to Valhalla. It is time for 50X, 100X, and 1000X again. No one knows what will be the next 1000X, but everyone is going to make money. That's for sure.
All you have to do is sit on your hands. Does that sound easy? I tell you it is not. Seeing your portfolio grow 5X-10X in two to three weeks is quite hard to digest, especially if you are like me, coming off two messed-up bull markets in a row.
Sitting on your hands is also difficult when your coins are lagging, but let me tell you one thing: as soon as you dump them, they will pump. It's like there's a genie behind your computer pushing the market in the exact opposite direction of whatever you do.
I know the feeling... I do not know the feeling of capitulating right before massive rallies, though... I did witness that from someone I know. The guy sold on Saturday... Look at the market now. Hence the title of this post...
By no means do I encourage anyone to not take profits during a bull market, but at least do that on pumps and always leave a bag for "unprecedented times" as there will surely be such a time coming this year or the next. Bitcoin has finished the halving chop and will soon enter price discovery. That's when the fun part begins and the most gains are to be made.
Do what you wish with my thoughts... I strongly believe a hell of a bull run is ahead of us and the top will occur sooner than Q4 of 2025. Have a great one and see you all next time.
Thanks for your attention,
Adrian