My advise: take your losses and do not trade this zone. Time to work for McDonalds, earn that wage of 100 to 1000$ a month, wait for bitcoin to drop to 19 TO 13K, will take years to do so.
Chart is very boring:
1. Market makers pumping BTC to liquidate shorts, and also dumping BTC afterwards to liquidate longs
2. Whales with no TA knowledge and gambling addiction buying BTC and being ruined, they are 75% in loss on average.
3. Retail is gone, they are all ruined and bought high or bought shitcoins
4. Whales with big positions trying to cash out but there is not enough exit liquidity, they make you believe the 100k BTC so they could exit (example if you sell 1000 btc right now you would only get 60% value in return)
5. BTC price is mostly people selling BTC to take a leverage position but being ruined. Will take long time to hit 19k. Very boring.
I had 3.7 BTC, bought at 8k average in 2018, sold at 9k in 2020. I traded shitcoins.
My result: invested about 35000 to 38000 USD
My all time high was 170000 (170k) in February 19 2021
A group named Whale Army let me purchase BSC coins like Bake and Egg and got ruined
May 2021 I went to 0 (from 10k). I have 2k left or so, think I will cash out.
In end everyone will lose, including whales. Only the exchanges will win.
My lesson:
1. do not ever touch altcoins
2. do not leverage
3. keep buying every month.
4. do not eat or drink anything. starve yourself, invest in that 0.00001 btc instead
5. find antidepressants to sleep because all your friends and acquaintances are meeting people, marrying, working, partying while you look at your past few years and you only lost money
and in 4 years we may be rich enough and this time do not gamble on altcoins. they are all garbage
Chart is very boring:
1. Market makers pumping BTC to liquidate shorts, and also dumping BTC afterwards to liquidate longs
2. Whales with no TA knowledge and gambling addiction buying BTC and being ruined, they are 75% in loss on average.
3. Retail is gone, they are all ruined and bought high or bought shitcoins
4. Whales with big positions trying to cash out but there is not enough exit liquidity, they make you believe the 100k BTC so they could exit (example if you sell 1000 btc right now you would only get 60% value in return)
5. BTC price is mostly people selling BTC to take a leverage position but being ruined. Will take long time to hit 19k. Very boring.
I had 3.7 BTC, bought at 8k average in 2018, sold at 9k in 2020. I traded shitcoins.
My result: invested about 35000 to 38000 USD
My all time high was 170000 (170k) in February 19 2021
A group named Whale Army let me purchase BSC coins like Bake and Egg and got ruined
May 2021 I went to 0 (from 10k). I have 2k left or so, think I will cash out.
In end everyone will lose, including whales. Only the exchanges will win.
My lesson:
1. do not ever touch altcoins
2. do not leverage
3. keep buying every month.
4. do not eat or drink anything. starve yourself, invest in that 0.00001 btc instead
5. find antidepressants to sleep because all your friends and acquaintances are meeting people, marrying, working, partying while you look at your past few years and you only lost money
and in 4 years we may be rich enough and this time do not gamble on altcoins. they are all garbage