Fighting FOMO
Bitcoin has entered the Euphoria Zone, and the primary emotion many of us are feeling is FOMO. This requires a switch into a bull market mindset, which is very different to chopsolidation.
G’day Folks,
What a week.
Bitcoin has printed a convincing new ATH above $81k, and in my opinion, has now entered The Euphoria Zone. This phase of the Bitcoin bull is where things start to accelerate to the upside, as new money starts to flow in, and our portfolio values crank to the upside.
Even retail appears to be back based on Google search volumes.
What makes the Euphoria Zone so difficult to navigate, is that we all know the bull market party ends eventually…but we never truly know when.
We have to constantly manage our feelings of FOMO, and temper our fear of DCA buying right before the next red candle of doom.
Whenever I get paid, I’m invariably faced with the same dilemma;
Every time I don’t pull the trigger, the market keeps ripping ever higher.
When I finally pull the trigger, I wait anxiously to see if I’ve just FOMO bought the top.
The Euphoria Zone requires a very different mindset to the last eight months of chopsolidation, and it is important to start adjusting early.
We’re no longer in a corrective regime, and that means we need to shift our analysis frameworks and mindset into bull market mode. Let’s bring this back to a checkonchain gym routine analogy:
During Corrections and Chopsolidation, we’re cutting weight, focusing on form, and building muscle definition. We have the luxury of being patient, and can opportunistically stack sats when there is blood in the streets.
In the Euphoria Zone, we move into bulking mode, and can get more aggressive with both our weights, and our diet. The market wants to trend higher, and that means a little greed (but not too much) can pay off. However, we still want to avoid going too hard, too late in the cycle, as that’s what creates a top-buyer.
In this piece, I will explore how my analysis framework changes as we move into Euphoria Zone bulking mode, and illustrate how Check the HODLer adjusts his stacking routine accordingly.
📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.
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