2021-05-04 03:41:18
UPDATE :
I don't think that bull market has ended.
If you're not able to see your capital decrease by 20-30% this market isn't for you.
I'd say that we probably got the correction that everyone expected, but not everyone is buying here which is very good, in the market psychology aspect. We can also see how the masses are turning bearish fast after corrections/dumps which is again very good for the market.
People who traded the last bull market should be more comfortable with this correction as we already got the same 30-40% drops in 2017 and we continued pumping harder after that.
BITCOIN
I will point some interesting levels for you to watch :
Bullish scenario :
- 55000$ is the first confirmation level to reach.
- 60000$ is the key level, closing and consolidating above it will send BTC again to new ATH.
As traders you have to watch for both scenarios the bullish and bearish one.
Bearish scenario :
- Closing and consolidating below 40000$ will make things bearish and would give a bigger correction in the mid term.
ALTCOINS
I'm almost sure that altcoins will not do like in 2017, not in term of x gains but in the number of coins that gonna moon.
Let me develop..
You have to choose wisely where to put your money this time.
Old coins that pumped hard in 2017 may not all make the same gains and the majority of them will not gain much.
DeFi and other new tech coins will get enough space to moon.
CONCLUSION
If you're getting stressed while trading, you're doing it wrong.
When you start loosing think of it as saving your capital from a total loss instead of trying to revenge trade to recover impossible losses as you will be broke mentally.
10.3K views00:41
C
