According to this pseudonymous analyst, the second leg of the bull market is still far ahead. And we’ll all need patience to get there. Using the Sentient Trader technical analysis software, Charting Cycles predicts that we’re still at least a couple of months away from the end of the… cycle. We haven’t put the 18 months since Black Thursday. The flat-horizontal period that seems to last forever still has a long way to go.
Here’s the chart:
— Charting Cycles (@ChartingCycles) July 15, 2021
And that leads us to the reason to be for this article, patience. It’s as Warren Buffett said, “The stock market is a device for transferring money from the impatient to the patient.” And, in this case, the same rules apply to the cryptocurrency market.
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All We Need Is Just A Little Patience
The cryptomarket is wild. The ups and downs are not for the faint of heart. If you’re not a day trader and aren’t using leverage, however, are they really that relevant? Hopefully, you did your homework. You did your own research. You know the fundamentals and invested wisely. If you made an informed decision and identified a buying opportunity, well, all you need is just a little patience.
If you’re playing the long game, get your emotions in check. It’s a scary ride, but nothing will come from rushed decisions and fearful trades. Remember, you did the research. You made your bet. If you’re wrong, you’re wrong, but respect the parameters you set yourself. If you identified an entry point, stick to it. If you have a target price, wait for it. You made the plan. As long as it’s moving between your parameters, let the chips fall where they may.
You can’t beat the market all day/ every day. It’s the nature of…