Hello traders and investors.
BTC didn't manage to break out the Ichimoku cloud from above in a weekly timeframe
but in the daily timeframe, it did the fake breakout
in my opinion, the BTC bull run will not start before we have a correction to 0.618 fibs and I think it is obvious for good traders, the tricky thing here is the crypto market is so shaky and you should be very careful about fake breakouts, traps, a short squeeze, etc.
so even if you know where it'll go it is not enough you should do risk management to avoid losing everything, losing is painful, losing when you got in traps is even harder.
for example, in our last analysis about AAVE, our stop-loss hunted even though the analysis was right and AAVE fell. fortunately cause we did risk management it was damage limitation.
In the end, All I want to say is be passionate and make a balance between leverage and how much you put in.
Disclaimer: this is not a piece of financial advice always do your own research.
BTC didn't manage to break out the Ichimoku cloud from above in a weekly timeframe
but in the daily timeframe, it did the fake breakout
in my opinion, the BTC bull run will not start before we have a correction to 0.618 fibs and I think it is obvious for good traders, the tricky thing here is the crypto market is so shaky and you should be very careful about fake breakouts, traps, a short squeeze, etc.
so even if you know where it'll go it is not enough you should do risk management to avoid losing everything, losing is painful, losing when you got in traps is even harder.
for example, in our last analysis about AAVE, our stop-loss hunted even though the analysis was right and AAVE fell. fortunately cause we did risk management it was damage limitation.
In the end, All I want to say is be passionate and make a balance between leverage and how much you put in.
Disclaimer: this is not a piece of financial advice always do your own research.
