Look I don't relly know shit, but I feel like I have learnt a few things these past couple months, and that is that entering a long position now would not be a great idea, unless it took out the ATH and kept going that would be safe, or if it hit some lower supports that would be good time to go long as well, until then try to avoid FOMO and if anything go Short, BTC Chads will be like "iTs GoIn To ThE mOoN", and sure it might, but at this level there is a greater distance to the bottom than there is to its current ATH, so waiting to see if it does test a higher support level would be smart, and from there Short and best case you come up on loot, or worst case it hits your stop loss, you don't lose too much because because you entered a Short at the peak and switch it to Long if it looks good. Sure, if it does continue to rise then you want to kick yourself for missing out on those extra percentage points, but in the long run it's safer and guess what - you have the rest of your life to make money! Be smert, don't sweat it.
Apologies for wall of text, I ain't formatin' it.
Also go chart the 2019 peak, it is messy kinda like it is now. Lemme know if you have an insight contrary to my own, every piece of knowledge helps :D
Apologies for wall of text, I ain't formatin' it.
Also go chart the 2019 peak, it is messy kinda like it is now. Lemme know if you have an insight contrary to my own, every piece of knowledge helps :D