Posted this almost a year ago when we broke ATH and entered price discovery, good to review.
Calling top is hard, you are much better off having a clear plan that you lay out to make sure you are taking profits along the way and getting out when the chart tells you too.
IMO $98k is the key level for me on the weekly.
It's a lot easier to pick a level where your bullishness is invalidated than it is to pick where the top will form.
If you longed BTC at $25k and sold it all at $100k I think most people would consider that a success even though you didn't buy the bottom or sell the top.
Remember the goal is to catch the meat of the move.
Mayne
@Tradermayne
11-01
Now that we are near price discovery, a few things to consider:
You are going to see some insane price targets for the end of the cycle.
Most of this is just bullish hopium and euphoria—be careful not to get caught up in it.
There is no way someone can predict where and when
It won't be a top until I sell, because I'm so bad at tops.
CT has been catching the wrong meat the whole time
Sector:
From Twitter
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.
Like
Add to Favorites
Comments
Share
