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it's almost the end of August and we've been through a whole lot of emotional ride, market been taking hits from fed and companies quarterly earnings
but we're approaching to a bigger month of this year, September is either gonna break us or make us cause there's only big catalyst left for this year is upon us As well as historically September has been a super bad month for the markets. So any kind of offsetting data is going to be the death for our coins and later we'll seek glory in October. But how am I supposed to plan and preserve my capital during the tough days that are ahead?
but we're approaching to a bigger month of this year, September is either gonna break us or make us cause there's only big catalyst left for this year is upon us As well as historically September has been a super bad month for the markets. So any kind of offsetting data is going to be the death for our coins and later we'll seek glory in October. But how am I supposed to plan and preserve my capital during the tough days that are ahead?
The Rate Cuts are ahead in September
Fed chairman Powell hinted for a rate cut in September and this is the only big catalyst we've left now going into September. If he cuts rate people are speculating on a bullish trend to continue But he doesn't cut rate people are calling for a bear market and top of this cycle already. So in more easy word as of now if rate cut happens = buy the news but in my opinion it'll be a sell the news eventmaking it a big liquidation cascade
I guess rate cuts are perfect reason to make a liquidation cascade across the market and it'll happen before sending market higher They'll bring everyone on knees and going to liquidate every leverage traders once again. It'll happen if rate cut happens but what will happen if he doesn't cut rate? Yet again? I believe nothing changes the result here market will still wipe and create that much needed liquidation cascade event for us.Going leverage in September will be a suicide
You're better off holding spot coins than going leverage on any coin in the market cause no one will be safe Monthly closing might trick you into believing that we're having a bullish close, resume the trend of up only But it's all psyop and seasonality will win once again. Super Red Moon is upon us I guess it's on second week of September we'll see a super red moon and that too around 9/11 dates I don't know what kind of signs we need at this point but everything is forcing me to believe it's better to be in stable coins The worst that could happen is missing out on 20% move on X coin but I can minimise -40 to -50% downside on the same altcoins by being in the stable coins. --- Wrapping Up... In the end I'm going to pass any dip that is given in the first week of next month and also gonna fade any upside move on the first week of September Will only buy dip once we're in the last ten days of next month, before that any move in the market will be a tricky one Remember we need to preserve capital at all cost otherwise there's no point. Last quarter is still remaining and that's when we need to hold onto coins but not now. Would love to know what's your thoughts about it, do share in the comments. fin.Posted Using INLEO