TETHER DOMINANCE - Bump and Run Update
Quick update on the bump and run reversal idea that I posted several weeks ago right when we broke the trendline. At the time, I was super bullish on crypto in general because I've seen this structure play out many times in the past.
So far, TETHER dominance has continued to slide which is an indication that other crypto assets are continuing to rise. There are so many bears out there calling for a raid of the November lows and a push even lower.
I have one thing to say about all the mega bears out there. If you ignore all the major movements and just sit and wait for a single trade that is going to make you rich, then you aren't going to make it. You have to harness the moment and take advantage of the major moves that the market gives you on a regular basis. Sure, you'll be wrong sometimes, but if you rely on 1 or 2 trades to make you rich, then one of two things will happen:
1. You won't get your dream position
2. You're going to get demolished and end up losing anyway
I've seen it over and over again. Harness the trend and realize when there's a trend change. Take advantage of it and know when numerous instruments are telling you things are changing.
So far, TETHER dominance has continued to slide which is an indication that other crypto assets are continuing to rise. There are so many bears out there calling for a raid of the November lows and a push even lower.
I have one thing to say about all the mega bears out there. If you ignore all the major movements and just sit and wait for a single trade that is going to make you rich, then you aren't going to make it. You have to harness the moment and take advantage of the major moves that the market gives you on a regular basis. Sure, you'll be wrong sometimes, but if you rely on 1 or 2 trades to make you rich, then one of two things will happen:
1. You won't get your dream position
2. You're going to get demolished and end up losing anyway
I've seen it over and over again. Harness the trend and realize when there's a trend change. Take advantage of it and know when numerous instruments are telling you things are changing.