A thread on dealing with emotions in #Crypto
1. After a massive short squeeze movement you will experience emotions of fomo/panic/confusion:
a. What if it keeps ripping up without me?
b. What Alts will rip now that BTC has ripped up?
1/n
1. After a massive short squeeze movement you will experience emotions of fomo/panic/confusion:
a. What if it keeps ripping up without me?
b. What Alts will rip now that BTC has ripped up?
1/n
c. Should I short it cause it went up too high?
Be patient and hang tight. The market will always present a new opportunity.
a. In moments like this it is better to stay position-less rather than force a position in now.
2/n
Be patient and hang tight. The market will always present a new opportunity.
a. In moments like this it is better to stay position-less rather than force a position in now.
2/n
b. Alts typically do not start bull markets, BTC does. So that means on a daily basis BTC needs to put in a higher low and a higher high to show structure change.
3/n
3/n
c. Don't try to take the Short trade just because you missed the long trade. Understand what is going on first. Let the market show you its cards.
4/n
4/n
2. Do not make mistakes that can cause irreversible damage in high volatility moments. This means, don't force trades or revenge trades just because you feel you have to be in the market. Chances are you will play the back and forth game of long/short.
5/n
5/n
3. Historically BTC has NEVER started a new cycle of the back of a short squeeze. Additionally, BTC has not had a proper daily structure shift of L-H-HL-HH. Wait patiently on this. If you want to long, anticipate market pulling down to add to your position down to $35k/32k
6/n
6/n
4. Alts are still in a downtrend and majority down -50% to -75% from the highs. You haven't missed anything...
If you want to add Spot now, still a massive discount!
7/n
If you want to add Spot now, still a massive discount!
7/n
5. Focus on the bigger picture of the market - large range still in Alts and BTC. Still technically on a downtrend but things are maybe starting to turn in favor of bulls.
8/n
8/n
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