Serious question.... Are you still buying FUD? Has the FUD Knocked you out of your positions? Does the hourly timeframe have you pulling your hair?
If you answered yes to any of these questions your doing something wrong. Stop looking at it the hourly, stop looking at the news (it's garbage) Stop panicking. Take a few steps back and look at the broader picture. Let's look at what the entire crypto market did here in 2021.
The market made a high in May then fell substantially. It then went on to retest the high a few months later. It got a rejection at that same point again but this time the low was higher. It then went on to break through the resistance to make new highs. After the new highs the market corrected again but once again at a higher low. It is now breaking through the same resistance point, if it does and hold this level, I truly believe we'll be a new highs in by March 2022.
Don't get scared out of your positions based on fear and non sense. There is no so called downtrend yet! It is simply a market correction. There is a time when it will be time to sell, it just not visible yet. This is where patients pays off, buying the dips pays off and knowing what the real trend of the market is.
There also is another trend going on in the market that is in altcoins. They are for now outpacing bitcoin and will do so for the foreseeable future but this trend can be over fast and abruptly, it will hurt when it does end so be careful.
Also that a look RSI as it took a nice bounce.
2021 trends
mostly consolidating
switch from Bitcoin to alts
trading ranged & building market structure
2022 things to come
going higher off the market structure
alt explosions
possible market top
This is not financial advice. It is simply my interpretation of what I see off the info in the charts. If you agree or disagree let me know why in the comments below as I would like to know your opinion and or what you see.
*The market is money going from impatient hands to patient ones* - Warren Buffet
Best wishes and happy new year.
If you answered yes to any of these questions your doing something wrong. Stop looking at it the hourly, stop looking at the news (it's garbage) Stop panicking. Take a few steps back and look at the broader picture. Let's look at what the entire crypto market did here in 2021.
The market made a high in May then fell substantially. It then went on to retest the high a few months later. It got a rejection at that same point again but this time the low was higher. It then went on to break through the resistance to make new highs. After the new highs the market corrected again but once again at a higher low. It is now breaking through the same resistance point, if it does and hold this level, I truly believe we'll be a new highs in by March 2022.
Don't get scared out of your positions based on fear and non sense. There is no so called downtrend yet! It is simply a market correction. There is a time when it will be time to sell, it just not visible yet. This is where patients pays off, buying the dips pays off and knowing what the real trend of the market is.
There also is another trend going on in the market that is in altcoins. They are for now outpacing bitcoin and will do so for the foreseeable future but this trend can be over fast and abruptly, it will hurt when it does end so be careful.
Also that a look RSI as it took a nice bounce.
2021 trends
mostly consolidating
switch from Bitcoin to alts
trading ranged & building market structure
2022 things to come
going higher off the market structure
alt explosions
possible market top
This is not financial advice. It is simply my interpretation of what I see off the info in the charts. If you agree or disagree let me know why in the comments below as I would like to know your opinion and or what you see.
*The market is money going from impatient hands to patient ones* - Warren Buffet
Best wishes and happy new year.
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