We have been through this before. Reds for next few days.
Crypto enthusiasts like to forget the past and look only for green candles to raise their capitals.
Now I would be lieing if I didn’t say I’m the same but i always learn from my mistakes.
And one mistake was the begging of this year early January
We hade a 30% correction in span of few days.
I got rekt that weekend and lost a part of portfolio and i recorded it in my calendar like a proper trader does (I learned my lesson)
This reminds me a lot of that and I believe it is a good thing its happening
Because look at weekly chart you would see the we are in overbought zone rsi and the candles have been short bodies and candles indicating little price action.
This will refresh the market and give some more room to facilitate capital; from the experienced to new traders
I could be wrong this is a wild world we live in but we should learn from our past mistakes and dont do them again
Now I would be lieing if I didn’t say I’m the same but i always learn from my mistakes.
And one mistake was the begging of this year early January
We hade a 30% correction in span of few days.
I got rekt that weekend and lost a part of portfolio and i recorded it in my calendar like a proper trader does (I learned my lesson)
This reminds me a lot of that and I believe it is a good thing its happening
Because look at weekly chart you would see the we are in overbought zone rsi and the candles have been short bodies and candles indicating little price action.
This will refresh the market and give some more room to facilitate capital; from the experienced to new traders
I could be wrong this is a wild world we live in but we should learn from our past mistakes and dont do them again