Why always panik? Do you understand the Cycle?
I am not overconfident or in denial. It's just data:
digitalik.net/btc/cycle_repeat
Support Levels I am watching carefully: 43k to 38K Range!
What would I like to see: Strong buying Volume
Panik! Panik! Take some time off your exchange & PNL and get some fresh air and perspective.
Anyways, just follow the ritual:
1) Underwater = overleveraged = sell high risk assets/ open shorts/ hedge
2) Got buying power = don't sell = buy markup and accumulation; not dips
3) In Profit = sell partially = buy markup and accumulation; not dips
P.S: The reason I say markup and accumulation; because everyone loves ranting "bought the dip", "buy the dip". STFU!
These new traders are getting rekd, leveraging their entire savings following your BS advice from Twitter. Also, never take advice from tweets, no matter how good a trader he/she is.
What's Markup and Accumulation?
I will write in simple language someday, but if you are serious about learning and investing, have a read:
realinvestmentadvice...a-full-market-cycle/
The only element that can crumble this cycle is a major black swan; such as:
1) BTC Banned by the US
2) Stock Market Crash
3) Uncorrelated Uncertain Events
You are gonna make it if you are calm and serene; not Panik and losing your sleep.
digitalik.net/btc/cycle_repeat
Support Levels I am watching carefully: 43k to 38K Range!
What would I like to see: Strong buying Volume
Panik! Panik! Take some time off your exchange & PNL and get some fresh air and perspective.
Anyways, just follow the ritual:
1) Underwater = overleveraged = sell high risk assets/ open shorts/ hedge
2) Got buying power = don't sell = buy markup and accumulation; not dips
3) In Profit = sell partially = buy markup and accumulation; not dips
P.S: The reason I say markup and accumulation; because everyone loves ranting "bought the dip", "buy the dip". STFU!
These new traders are getting rekd, leveraging their entire savings following your BS advice from Twitter. Also, never take advice from tweets, no matter how good a trader he/she is.
What's Markup and Accumulation?
I will write in simple language someday, but if you are serious about learning and investing, have a read:
realinvestmentadvice...a-full-market-cycle/
The only element that can crumble this cycle is a major black swan; such as:
1) BTC Banned by the US
2) Stock Market Crash
3) Uncorrelated Uncertain Events
You are gonna make it if you are calm and serene; not Panik and losing your sleep.
