The current losses of buying 10 $BTC at $60K.
Updated
A normal post for perspective.
A look back at the past, unfortunate buyers who FOMOed into $60,000 USD trades and spot of bitcoin are now almost down 100 grand. Often, we don't expect more than 15% corrections, and we could even expect something as much as 50% in this run. 30k is not out of sight, but at that point is it really a correction or a bear market?
Crypto is a risky investment and I would be careful shorting currently down 20%. I would also be very careful if you are a panic seller, as personally a bear market starts when we have sustained time (3 months) at least 15% from an ATH. The lower we get, and the longer we stay there, provides more risk for
BTC to fall. Being down 100k in 2 weeks isn't necessarily something you want to FOMO into all the time. You leverage boys better watch out, thats a choppy map. It only gets worse the higher we go.If you're losing a lot of money due to fomo, zoom out, and wait.
We could also see 60k+ within a days time, so do not be fooled, but always be wary of the reality of things. I am betting long, stop me out at 50k if you shall.
A look back at the past, unfortunate buyers who FOMOed into $60,000 USD trades and spot of bitcoin are now almost down 100 grand. Often, we don't expect more than 15% corrections, and we could even expect something as much as 50% in this run. 30k is not out of sight, but at that point is it really a correction or a bear market?
Crypto is a risky investment and I would be careful shorting currently down 20%. I would also be very careful if you are a panic seller, as personally a bear market starts when we have sustained time (3 months) at least 15% from an ATH. The lower we get, and the longer we stay there, provides more risk for
BTC to fall. Being down 100k in 2 weeks isn't necessarily something you want to FOMO into all the time. You leverage boys better watch out, thats a choppy map. It only gets worse the higher we go.If you're losing a lot of money due to fomo, zoom out, and wait.We could also see 60k+ within a days time, so do not be fooled, but always be wary of the reality of things. I am betting long, stop me out at 50k if you shall.
Note
Smashed down to 51.5kSolid 10k move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.