Diamond hands do not sell. So the price goes up very far and vertically.
You also have ridiculously high funding on binance & bitmex.
Each time BTC has a bull market sellers regret getting out too early, and new buyers are more convinced BTCUSD will keep going up. Each one has less pullbacks.
It repeats itself in cycles. Like these stocks:
What the industry professionals give as a reason to stay away is when all these bagholders that artificially inflate the price run for the exits the exit will be too small but this is not true there is a constant fire in the building and the diamond bag hands are sitting through it, the exits are all empty it is totally silent and there is even a red carpet. Nice of them to throw money at me.
"Anyone is a genius in a bull market the hard part is knowing when to exit".
Not really, not here. All PT Jones said he did was basically he'd usually be out when the price was below the MA200.
Ah but of course the reptilian brain "don't want to risk missing out".
So all traders have to choose: Is your goal to not miss out, or is your goal to make money. Or something else.
Any rule will do... It's not even that hard...
It could soon pullback after the average btc trader - hold onto losers forever and sprint out of winners at 1/3 target - clumsily fails as usual.
Previous bubbles showed their hands early and had no surprises. 2017 had regular double pullbacks of 30-40%.
In 2020-2021 for now we got some tiny corrections even at ath and the biggest one was the recent abc of -31,30%.
It's very parabolic, very vertical, very easy. I'm curious, who are the fools losing money to make it so easy to make money?
I'll just continue taking those 1 month horizon trades and short when certain conditions are there.
You also have ridiculously high funding on binance & bitmex.
Each time BTC has a bull market sellers regret getting out too early, and new buyers are more convinced BTCUSD will keep going up. Each one has less pullbacks.
It repeats itself in cycles. Like these stocks:
What the industry professionals give as a reason to stay away is when all these bagholders that artificially inflate the price run for the exits the exit will be too small but this is not true there is a constant fire in the building and the diamond bag hands are sitting through it, the exits are all empty it is totally silent and there is even a red carpet. Nice of them to throw money at me.
"Anyone is a genius in a bull market the hard part is knowing when to exit".
Not really, not here. All PT Jones said he did was basically he'd usually be out when the price was below the MA200.
Ah but of course the reptilian brain "don't want to risk missing out".
So all traders have to choose: Is your goal to not miss out, or is your goal to make money. Or something else.
Any rule will do... It's not even that hard...
It could soon pullback after the average btc trader - hold onto losers forever and sprint out of winners at 1/3 target - clumsily fails as usual.
Previous bubbles showed their hands early and had no surprises. 2017 had regular double pullbacks of 30-40%.
In 2020-2021 for now we got some tiny corrections even at ath and the biggest one was the recent abc of -31,30%.
It's very parabolic, very vertical, very easy. I'm curious, who are the fools losing money to make it so easy to make money?
I'll just continue taking those 1 month horizon trades and short when certain conditions are there.