The BTC correction definately caught lot of ppl by surprises by how far and how strong the move is, same as all the Altcoin. Will see if the previous congested area as highlighted will be able to contain the freefall and start forming some base around 30k level, or even more aggressive target for this down move may push the price toward the historical breakout area around 20k area.
Trying to catch a bottom is like catching a falling knife, it is easier to get hurt than anything. Suggest to keep your prespective for long term and aim to buy some BTC at a discount when market is panic selling to force out all the leveraged traders entered into the crypto market since this bull run. This move probably tied with market flushing all the leveraged funds buying crypto.
Will continue to wait and be patient for now until market settle down. Good luck trading!
Trying to catch a bottom is like catching a falling knife, it is easier to get hurt than anything. Suggest to keep your prespective for long term and aim to buy some BTC at a discount when market is panic selling to force out all the leveraged traders entered into the crypto market since this bull run. This move probably tied with market flushing all the leveraged funds buying crypto.
Will continue to wait and be patient for now until market settle down. Good luck trading!