☕️#GM #Crypto
Why we dump? What happened in the crypto market in the last 48 hours?📉
🎓Crypto trading is managed through 2 pillars:
1/ Studying charts and using patterns to anticipate movements.
2/ Follow the news, good or bad.
Why we dump? What happened in the crypto market in the last 48 hours?📉
🎓Crypto trading is managed through 2 pillars:
1/ Studying charts and using patterns to anticipate movements.
2/ Follow the news, good or bad.
But as you know, the crypto market is particularly sensitive to news.
🗞NEWS:
They will ALWAYS take over the charts.
This means that a good or bad news will make the market react instantly and take over your chartist study even if the move seemed perfect.
🗞NEWS:
They will ALWAYS take over the charts.
This means that a good or bad news will make the market react instantly and take over your chartist study even if the move seemed perfect.
Then, we have to wait for the end of the effect of the news (pump or dump) and go back to our chartist study to try to determine the next move
Regarding the last 48 hours, we have encountered a series of bad economic news worldwide and some directly related to the crypto market
Regarding the last 48 hours, we have encountered a series of bad economic news worldwide and some directly related to the crypto market
So the market reacted strongly, breaking the main resistance of $21,600.
My plan?
1/ I don't do anything for the moment because some time the news are quickly absorbed.
My plan?
1/ I don't do anything for the moment because some time the news are quickly absorbed.
2/ On the other hand, if the market goes down to $18k for the #BTC/ $800B full crypto market cap, I will take the opportunity to buy more positions.
No stress, control, we are not in a hurry.
Play long term.
No stress, control, we are not in a hurry.
Play long term.
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