#Omicronits
The famous quote by Ch. Munger, "The big money is not in the buying and selling, but in the waiting," is highly relevant to the current market conditions. As an investor, patience is crucial, especially during times of turbulence and volatility.
The recent instability in the banking sector has caused a ripple effect in the crypto market. The market's belief in the approaching end of the high-interest-rate policy and the beginning of quantitative easing has led to higher volatility in crypto assets. However, predicting future economic behavior is not straightforward, and it's essential to consider multiple variables.
The Federal Reserve's recent actions aimed to maintain the stability of the banking system, not to fuel the economy. Despite slowing inflation, the Fed continues its restrictive monetary policy and has even temporarily implemented a form of quantitative tightening to pull capital from the market. As an investor, it's essential to keep these factors in mind and not assume that the current hyper-optimism in the crypto market is based on solid ground.
Looking at the BTC/USDT chart, the current value of 28,000 seems too high, and a deeper correction may be necessary. As an investor, it's crucial to have a plan and set realistic sell-stop orders. In this case, setting a sell-stop pending order at the level of 25,750 BTC/USDT is advisable. If the market goes up during or after Powell's appearance on March 22 and hits 30,000 USDT, moving the pending order to 27,000 BTC/USDT may be a prudent move. However, if there is a consistent breakout above 30,000, it's better to wait for further developments and not take any immediate action.
In conclusion, as an investor, it's essential to maintain a patient and cautious approach in the current market conditions. Following the wise words of Ch. Munger, it's not about buying and selling, but about waiting for the right opportunity to make a sound investment decision.
The famous quote by Ch. Munger, "The big money is not in the buying and selling, but in the waiting," is highly relevant to the current market conditions. As an investor, patience is crucial, especially during times of turbulence and volatility.
The recent instability in the banking sector has caused a ripple effect in the crypto market. The market's belief in the approaching end of the high-interest-rate policy and the beginning of quantitative easing has led to higher volatility in crypto assets. However, predicting future economic behavior is not straightforward, and it's essential to consider multiple variables.
The Federal Reserve's recent actions aimed to maintain the stability of the banking system, not to fuel the economy. Despite slowing inflation, the Fed continues its restrictive monetary policy and has even temporarily implemented a form of quantitative tightening to pull capital from the market. As an investor, it's essential to keep these factors in mind and not assume that the current hyper-optimism in the crypto market is based on solid ground.
Looking at the BTC/USDT chart, the current value of 28,000 seems too high, and a deeper correction may be necessary. As an investor, it's crucial to have a plan and set realistic sell-stop orders. In this case, setting a sell-stop pending order at the level of 25,750 BTC/USDT is advisable. If the market goes up during or after Powell's appearance on March 22 and hits 30,000 USDT, moving the pending order to 27,000 BTC/USDT may be a prudent move. However, if there is a consistent breakout above 30,000, it's better to wait for further developments and not take any immediate action.
In conclusion, as an investor, it's essential to maintain a patient and cautious approach in the current market conditions. Following the wise words of Ch. Munger, it's not about buying and selling, but about waiting for the right opportunity to make a sound investment decision.