BTC worst case scenario

Updated

I think that if we break below 30k and make a Lower Low, we might see a bounce to allow us to get out, followed by another major dip. Let's hope that Low never comes and we get to continue riding this bull.

Note

i wish it didn't come to this, but my plan is in place and i will follow it. i will prepare to liquidate my position at around 33k.

there's 2 possible outcomes:
a) this is the beginning of a longer downtrend and i will be watching it from the side, prepared to buy when i think it is over
b) this is just a larger correction and i will be forced to buy back a little higher, which i am prepared to do.

basically, i am paying a potential insurance that i will not be bag holding again for long time.

Note

managed to sell the bounce at around 33.5k. now it's time for me to sit on the bench and watch things develop.

This might not be the most profitable strategy, but it will allow me to analyze the market objectively, since i am no longer in the trade so i will not be biased. It will be easier to plan for the next move.

adi0149

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