Trader Mayne explains why it’s okay to be patient in the market “Flood said something on a podcast recently, he said sometimes the best alpha is having money. Because when FTX collapsed and you knew that there was fraud, you knew the bottom wasn’t in. If you don’t have money to capitalise in that moment, who cares what you knew? “If you don’t know what you’re doing and you don’t feel confident but you have money and you’re waiting to deploy. In my opinion be patient, wait till there’s a little more clarity” “We are not gonna bottom in one candle, never in the history of Bitcoin have we bottomed in a single candle” “It’s always a range, there’s always time to buy near the bottom of the move. Whether its the bottom of the bear market or the bottom before the next leg up, there’s always time, there’s always gonna be clues in the chart so you can be patient and wait”
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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