I’ve been seeing a lot of hopium posts recently talking about how everyone is expecting lower prices and is convincing you to think the opposite because ‘that’s why most people fail’
They’re wrong. Most people don’t fail because they make bad predictions they fail because of poor unsustainable risk management. And if the market is trending down it means that demand is not strong and thus you should either wait if you want to long or sell with the trend not try to be a hero to time the bottom that’s not smart . Doing that could put you into unexpected drawdowns which goes back to my point about poor risk management. Poor entry is a form of poor risk management as it directly affects your returns. When the bottom is in there will be no need to rush. First the market will react and pump a bit then the market will return to test if the demand behind the initial pump was actually real or just a spike. If it’s real you’ll see signs such as lower timeframe market structure flipping back bullish. This is when you let you edge give you the signal to position, this is the likely bottom moment, no chasing, no fomo so stop daydreaming and hoping to catch a bottom when clearly the trend is bearish. Bitcoin is not some 1 million dollar marketcap coin that will pump 300% in a day so chill.
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I’ve been seeing a lot of hopium posts recently talking about how everyone is expecting lower prices and is convincing you to think the opposite because ‘that’s why most people fail’
They’re wrong.
Most people don’t fail because they make bad predictions they fail because of poor unsustainable risk management. And if the market is trending down it means that demand is not strong and thus you should either wait if you want to long or sell with the trend not try to be a hero to time the bottom that’s not smart . Doing that could put you into unexpected drawdowns which goes back to my point about poor risk management. Poor entry is a form of poor risk management as it directly affects your returns.
When the bottom is in there will be no need to rush. First the market will react and pump a bit then the market will return to test if the demand behind the initial pump was actually real or just a spike. If it’s real you’ll see signs such as lower timeframe market structure flipping back bullish.
This is when you let you edge give you the signal to position, this is the likely bottom moment, no chasing, no fomo so stop daydreaming and hoping to catch a bottom when clearly the trend is bearish.
Bitcoin is not some 1 million dollar marketcap coin that will pump 300% in a day so chill.