It has become more than clear now that it is a natural phenomenon that fast rises lead to even faster dump and crash.
If you have been around since last Bitcoin bull cycle that ended in 2017, you know that there were a massive amount of power taking the Alt Coins to the moon, but an even stronger force taking them down to ground.
This time around, we are seeing the same thing but with an even stronger force.
In this article I will point out 1 key strategy to Avoid being caught in the Failed side of a project.
Avoiding this unpredictable events as a retail trader is very hard, however, being able to have an Entry and Exit plan is very easy.
Having an Entry and Exit plan is a must for every trader. I trade cycles and patterns. My posts and twits are about specific patterns that gives us the highest probability of success when entering a trade. Even so, we manage to get many wrong. But the most important thing is to *NOT* be caught in this mud slide like TerraLuna and failed projects.
You can see in the chart that Luna made a beautiful round bottom which is a measured moved and one could easily have taken the breakout of the round bottom and ride for massive gains. Many could think that it would continue to go Up indefinitely, however, everything comes to an end. In this case, the end of TerraLuna was 99% loss.
So that bottom line is find your strategy and know when to enter and when to exit, don't be greedy. In this case, a great example of a round bottom with a target Entry at the Break out and Exit at the measured move. Take your profits and run. Don't hope for the unknown.
As always, appreciate the likes, comments and share.
Until next time.
If you have been around since last Bitcoin bull cycle that ended in 2017, you know that there were a massive amount of power taking the Alt Coins to the moon, but an even stronger force taking them down to ground.
This time around, we are seeing the same thing but with an even stronger force.
In this article I will point out 1 key strategy to Avoid being caught in the Failed side of a project.
Avoiding this unpredictable events as a retail trader is very hard, however, being able to have an Entry and Exit plan is very easy.
Having an Entry and Exit plan is a must for every trader. I trade cycles and patterns. My posts and twits are about specific patterns that gives us the highest probability of success when entering a trade. Even so, we manage to get many wrong. But the most important thing is to *NOT* be caught in this mud slide like TerraLuna and failed projects.
You can see in the chart that Luna made a beautiful round bottom which is a measured moved and one could easily have taken the breakout of the round bottom and ride for massive gains. Many could think that it would continue to go Up indefinitely, however, everything comes to an end. In this case, the end of TerraLuna was 99% loss.
So that bottom line is find your strategy and know when to enter and when to exit, don't be greedy. In this case, a great example of a round bottom with a target Entry at the Break out and Exit at the measured move. Take your profits and run. Don't hope for the unknown.
As always, appreciate the likes, comments and share.
Until next time.
✅ Subscribe to our Free Telegram Channel 👉👉👉 t.me/PPATradingAlerts✅