Let's not be emotional. The rejection at 50k was heavy and hit more than expected. We were getting used to steady growth and sometimes it is good that BYC reminds us about the past and about what it can do. At 50k there were many key levels and arejection was normal. Nothing worrying imo, and no whale selling, it was simply exhacerbated bythe fact that everybody was long and stop loss squeeze took out many traders making the whole situation seem worse than what actually was.
If it was that easy, everybody would make money, but in the end, the crypto market, like any other market, will punish the "random" traders, who will end up with less money even if the market is in a bull run.
If we consider the 270 MA on daily (see the rationale behind this specific number in the linked Educational below), we are perfectly on it, and if we consider the Futures, we are well above the 200 MA. Also, we perfectly bounced on the 21 MA Weekly. Therefore, does it seems so bad?
If it was that easy, everybody would make money, but in the end, the crypto market, like any other market, will punish the "random" traders, who will end up with less money even if the market is in a bull run.
If we consider the 270 MA on daily (see the rationale behind this specific number in the linked Educational below), we are perfectly on it, and if we consider the Futures, we are well above the 200 MA. Also, we perfectly bounced on the 21 MA Weekly. Therefore, does it seems so bad?
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Or simply you don't want to risk it?
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Check it out now → ftmo.com/en/?affiliates=2427
