Be Prepared

It's nearly that time when we get a fresh batch of monthly candlesticks.

We only perform this exercise once the candlesticks are completed. But, sometimes, you want to cheat and peep a few days early.

What's great about monthly candlesticks is that it takes us a mere half hour to get through them all, which is only six hours a year.

We can't emphasize enough the level of value-add for such a brief amount of time.

It forces us to take a step back, and it gives us no choice but to identify the direction of the primary trends. We use them to put shorter-term trends into context, which is especially important in this choppy price action.

So, no matter your time frame, identifying primary trends and then working from there is a huge advantage over a blind bottom-up approach.

In the current state of the crypto markets, the overwhelming majority of names are in greater than 80% drawdowns.

Solana is down 90%.

Cardano is down 90%.

Fantom is down 95%.

Harmony is down 96%.

These are substantial drawdowns, and this is one of the most severe crypto bear markets by drawdown, loss realization, and capital leaving the ecosystem.

As painful as these market environments can be, the path to recovery represents some of the most advantageous conditions to make money.

While our single-minded focus on patience may be incredibly mundane, we've adopted it for a purpose.

The idea is to play aggressive defense and protect capital so that when the easy money returns, you're making coin from this recovery instead of trying to scrounge back huge drawdowns.

These coins are multi-baggers if they're ever to see their all-time highs again. There are plenty of opportunities for the next bull market.

Be prepared...