When in doubt! JUST ZOOM OUT! #HODL
As I mentioned previously on my past analysis that a 25 - 40% correction is natural and is needed in a bull market.
Its easy to go back in history and say, "Should bought here or I Should have sold here!"..
Now many of you new crypto investors have experienced these corrections.
So lets take a look back in November 2017.
Weekly Bearish engulfing candle followed by massive bullish engulfing.
We can see the same POSSIBLE setup happening at current time.
Leveraged Traders:
Since February 21st, $6.1+ BILLION LONG positions liquidated.
It doesn't look to bad in the past until your apart of it.
A NEW unexperienced trader has better chance of a yielding a higher return by just HOLDING.
Leveraging trading and derivative exchanges are not a CASINO!
Manage your risk properly. FOMO will wreck you and by the time you buy and sell multiple times, the fees will add up. Especially the new Coinbase retail flock.
Its easy to go back in history and say, "Should bought here or I Should have sold here!"..
Now many of you new crypto investors have experienced these corrections.
So lets take a look back in November 2017.
Weekly Bearish engulfing candle followed by massive bullish engulfing.
We can see the same POSSIBLE setup happening at current time.
Leveraged Traders:
Since February 21st, $6.1+ BILLION LONG positions liquidated.
It doesn't look to bad in the past until your apart of it.
A NEW unexperienced trader has better chance of a yielding a higher return by just HOLDING.
Leveraging trading and derivative exchanges are not a CASINO!
Manage your risk properly. FOMO will wreck you and by the time you buy and sell multiple times, the fees will add up. Especially the new Coinbase retail flock.
Related publications
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.