Markets now in a well needed retrace. Its funny how people are starting to panic again. Bitcoin completed a very nice 5 waves and this ABC retrace was of course expected. Thats why we have not been in BTC since cashing out at 12k. Our target entries were $9100 to $8600... I hear people saying now is not the time to buy... WRONG... The time not to buy was at the end of the 5 waves while the 10k level was constantly being tested.
This is how traders win. All this is are the traders cashing in on profits, followed by the panic of people who chased and FOMO and are now cutting losses. Trend is up.. On its way to 20k. You only make money by knowing when to get in and when to get out. The charts are just the emotions of the market. Understand this and you make $$
This is how traders win. All this is are the traders cashing in on profits, followed by the panic of people who chased and FOMO and are now cutting losses. Trend is up.. On its way to 20k. You only make money by knowing when to get in and when to get out. The charts are just the emotions of the market. Understand this and you make $$