It is important when trading, to consider all possible cenarios that are likely to occur, and weight risk vs reward.
At the moment there's nothing indicative of a possible bear market.
I'm finally 100% long on my position. Even if it goes to 8k usd level, there's much profit to be made from this point onward.
Choose one:
1) If you buy in now and it goes to 8K, you'll will miss the chance to make extra 25% but BTC will get back up eventually.
2) If you buy in now and it goes to 14k first then to 8k, +70% profit.
3) If you buy in now and it goes to 14K+, you bought at the bottom.
I see either 2 or 3 happening.
At the moment there's nothing indicative of a possible bear market.
I'm finally 100% long on my position. Even if it goes to 8k usd level, there's much profit to be made from this point onward.
Choose one:
1) If you buy in now and it goes to 8K, you'll will miss the chance to make extra 25% but BTC will get back up eventually.
2) If you buy in now and it goes to 14k first then to 8k, +70% profit.
3) If you buy in now and it goes to 14K+, you bought at the bottom.
I see either 2 or 3 happening.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.