The sentiment is bullish like never before. No one has a fear for a big drop anymore. Everyone is waiting for the Alt season. Everyone has their dumb friends who are starting talking about Bitcoin again.
All Time High over All Time High...
We are currently in no man's land and nobody can predict the real target. All we have are Fib Extentions and those are not strong resistance targets.
All thos ABC-Waves are different Fib Extentions with targets around 32-34k.
I'm NOT saying, that we are going that high. I also could find serveral reasons, why the run could stop now.
All I want to say is, that we have a really bad risk to reward ratio!
If you are lucky, you could gain 15-20% more. If you are unlucky, it's very likely that you could lose 30-60%. ( Btc lost 85% from 2017 to 2019)
Fight against your greed and start hedging!
I'd rather lose 15% in profits than losing 60% of my holdings. :-)
PS: Warren Buffet's rule No.1
All Time High over All Time High...
We are currently in no man's land and nobody can predict the real target. All we have are Fib Extentions and those are not strong resistance targets.
I'm NOT saying, that we are going that high. I also could find serveral reasons, why the run could stop now.
All I want to say is, that we have a really bad risk to reward ratio!
If you are lucky, you could gain 15-20% more. If you are unlucky, it's very likely that you could lose 30-60%. ( Btc lost 85% from 2017 to 2019)
Fight against your greed and start hedging!
I'd rather lose 15% in profits than losing 60% of my holdings. :-)
PS: Warren Buffet's rule No.1