You must see the past to understand the future
I'm posting this to the followers of The SHARK... we must consider the history of wild advances and horrific declines to keep perspective along the way. Most don't realize profits because of the harsh corrections that you will see noted in the chart. Bull markets In Crypto have always been followed by 80% downturns that can last up to a year and sometimes two. You have two options. 1-BUY and Hold for the longterm and be ok seeing your account diminish and continue to add. This takes lots of emotional control and patience but has also proven to make the most money over time. 2- Know that you will not sell the top or buy the bottom perfectly. But with precision you can add to your holdings over time. Either way you play this game you must respect both the advancing and the decline cycles. The decline seasons are where the real money is made. It's the seasons nobody likes but the real traders do as we secretly stash piles and stay patient for the next cycle to come. That's always how and when the buying is done not here now. Nothing goes up forever without corrections. You also must consider that assets have a law of diminishing returns. Similar to going on a new rollercoaster.. you will never feel the same way you did the very first time your rode the ride. Bitcoin will not 638x or 621x ever again. The good news is we still have several more cycles for us to 5x left in my opinion. Keep perspective over the next couple weeks as you will start to see some glimpses of the "Euphoria phase" where you can start to believe some of the wild targets and things people say online that aren't seasoned traders. Every seller needs a buyer and you need to get out at the right time to protect your profits. If you are going to continue to Hold and keep buying make sure you don't buy too soon. Look at the chart as guide. You are waiting for the 80% correction before you start laddering in. The-Shark is here to help you. When you see the big moves this week remember to stay humble and keep your eyes focused on your personal plan to keep yourself prepared. Time and Patience always wins out in Crypto. We have about 1-4 months left on my watch for this bull cycle.
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.