FOLLOW THE RAINBOWWhile technical analysis is usually NOT easy, once in a while it can be.
This chart - which shows the TOTAL MARKET CAP minus ETH & BTC - just so happens to be one of those rare cases, and some simple pattern recognition is all it requires to see the obvious similarities that exist between the two fractals/structures. Assuming the pattern holds, expect to see price bounce one more time within the final (purple) circle before...BLAST OFF.
1-BTC
USDT.D Daily Analysis🟢USDT's dominance bounced from the uptrend line support to form a twin floor pattern and is now above the neckline of this pattern, which also acts as a support. If the retest is successful, it is expected to move upwards, which will be a sign of decline for the market because the USDT and BTC dominance are inversely related to each other.
Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
Amir Hossein
📅 02.19.2022
⚠️ (DYOR)
BTC FAIR MARKET VALUE IN RELATION TO VOLATILITY VS. GOLD. Came across this article which confirmed what I long suspected. The more institutionalized BTC becomes the more it's volatility decreases and value increases but there is a cut off. Fair market value will always be in the forefront as far as an investment grade asset. BTC overtaking gold is highly unlikely in our lifetime. At present, there is in global circulation roughly $11 TRILLION in gold. Compare that to BTC where all the bitcoins in the world were worth roughly $1.03 trillion. Bitcoin is worth only about 9% of the world's gold supply. The combined value of bitcoin was equivalent to just 2.9% of the world's money.
JPMorgan says its long-term bitcoin price target of $150,000 is unlikely as surging volatility challenges institutional adoption.
Bitcoin's "fair value" is 12% below its current price, based on its volatility in relation to gold, according to JPMorgan.
The bank's analysis was made on the assumption that bitcoin is four times as volatile as gold, strategists led by Nikolaos Panigirtzoglou said in a note Tuesday. In that scenario, bitcoin's value would be one quarter of $150,000, or $38,000, they said.
But if bitcoin were only three times as volatile as gold, then its fair value would be around $50,000, they added.
Bitcoin last traded 1.8% higher on the day around $43,564, close to its highest for a month, but is still down 8% so far this year, according to data from CoinMarketCap.
JPMorgan's long-term price target for bitcoin is $150,000, up from last year's $146,000 target, assuming that its volatility level meets that of gold, or bitcoin allocations get the same weighting as gold in investor portfolios.
But the bank thinks this target is unlikely to be reached any time soon, given that such a neat intersection between gold and bitcoin may not happen in the foreseeable future.
Bitcoin has had a rough start to the year, with the overall cryptocurrency market slumping, as appetite for risk assets waned against a backdrop of persistently high inflation and the Federal Reserve's increasingly hawkish stance. The leading cryptocurrency fell below $36,000, and ether tumbled below $2,500 — both off from record highs of around $63,000 and $4,800, respectively.
One of the major drivers for crypto in the last two years has been the huge amounts of cheap cash that has emanated from fiscal and monetary stimulus programs during the pandemic, and much of that is now coming to an end.
JPMorgan said January's crypto market correction, in which bitcoin lost 17% in value, looks less like capitulation, or an extended period of decline, in comparison to last May when bitcoin fell 35%.
Still, strategists said the biggest challenge for bitcoin is its volatility, as it's often unappealing to institutional investors.
JPMorgan said cryptocurrencies are seeing hot growth relative to other alternative asset classes, but this doesn't have to stem from continually rising prices.
"This growth does not necessarily need to come from continuous price appreciation of existing cryptocurrencies such as bitcoin and ethereum, already popular among institutional investors, but in our mind it is more likely to come from the expansion of the universe of digital assets," the strategists said.
WHAT are Bitcoin cycles and WHY is it so important ✅❓What are bitcoin cycles and why is it so important❓
🚀This graph shows the entire history of bitcoin, approximately 13 years. If you open the logarithmic display of the chart, you can see some patterns in price behavior. Namely, that bitcoin moves in cycles. Which in turn are divided into an uptrend and a downtrend.
🎢Three complete cycles can be clearly seen on the chart. One cycle lasts four years on average. Of which 2.5 years of growth, and 1.5 years of decline. At the same time we would like to note that the cycles expand over time. But with the arrival of big money, institutional investors and various global companies, this pattern will be less and less noticeable (like the example of the S&P 500).
Why is bitcoin cyclical❓
The answer is actually very simple. It is only noticeable because bitcoin is in its early stage of development and acceptance. There are cycles in everything, it is a natural phenomenon.
🔋As examples:
- World cycles, every 10 to 12 years there is a crisis followed by a renewal and continued growth;
- Natural cycles, many examples of how the environment develops and renews;
- Our well-being, sometimes you have noticed that your mood and energy is at its highest when you are very productive and feel good, and vice versa, when it is at its lowest and you are less productive.
Markets are human creations, so they are also subject to natural behavior.
How can cycles help trading❓
✅Statistically, according to brokers and exchanges, 85-90% of traders are losing, 5-10% of traders are breaking even and only 5-7% of traders are earning. One of the most important tasks for any trader is to identify the right trend. Usually, when traders try to trade against the trend, they lose their trading accounts. That is why it is important to understand how to identify the trend and how to earn with the movement of the trend. This is where understanding bitcoin cycles helps. Some of our trading systems are based on these principles.
💚 Please like and subscribe to us to get more ideas like this.
Superprofits in BTC mining are a thing of the past."Technical analysis" of the cost of mining BTC.
We have already seen when in the bear market in the range from August 2018 to November 2020, the price of BTC pressed against the cost of production (best miner @ 0.1kWh).
I expect that in the future the price, due to the increasing competition of miners, will not differ much from the cost price (after the 4th halving).
The Madness of the Crowds ✅✅✅ ✅ The Madness of Crowds
One way to view the market is as a disorganized crowd of individuals whose sole common purpose is to ascertain the future mood of the economy—or the balance of power between optimists (bulls) and pessimists (bears)—and thereby generate returns from a correct trading decision made today that will pay off in the future.
🎯However, it's important to realize that the crowd is comprised of a variety o individuals, each one prone to competing and conflicting emotions. Optimism and pessimism, hope and fear—all these emotions can exist in one investor at different times or in multiple investors or groups at the same time. In any trading decision, the primary goal is to make sense of this crush of emotion, thereby evaluating the psychology of the market crowd. Understanding Herd Behavior
The key to such widespread phenomena lies in the herding nature of the crowd: the way in which a collection of usually calm, rational individuals can be overwhelmed by such emotion when it appears their peers
🎯 The Risks of Following the Crowd
The key to enduring success in trading is to develop an individual, independent system that exhibits the positive qualities of studious, non-emotional, rational analysis, and highly disciplined implementation. The choice will depend on the individual trader's unique predilection for charting and technical analysis. If market reality jibes with the tenets of the trader's system, a successful and profitable career is born (at least for the moment).
🎯 So the ideal situation for any trader is that beautiful alignment that occurs when the market crowd and one's chosen system of analysis conspire to create profitability. This is when the public seems to confirm your system of analysis and is likely the very situation where your highest profits will be earned in the short term. Yet this is also the most potentially devastating situation in the medium to long term because the individual trader can be lulled into a false sense of security as their analysis is confirmed. The trader is then subtly and irrevocably sucked into joining the crowd, straying from their individual system and giving increasing credence to the decisions of others.
🎯 Inevitably, there will be a time when the crowd's behavior will diverge from the direction suggested by the trader's analytical system, and this is the precise time at which the trader must put on the brakes and exit his position. This is also the most difficult time to exit a winning position, as it is very easy to second guess the signal that one is receiving, and to hold out for just a little more profitability. As is always the case, straying from one's system may be fruitful for a time, but in the long term, it is always the individual, disciplined, analytical approach that will win out over blind adherence to those around you.
Order Types in the Markets💰💰💰🎯 In the financial market the orders are on two categories.
✅ Market Execution orders LONG - BUY SHORT - SELL meaning that you are ok with the price on the certain asset and you would like to short or long it on the other side there is
✅ Pending Orders - meaning you are not ok with the actual price and you would like to buy/sell it later in time I use pending orders when i am out of my trading office so i dont miss trading opportunities
Was this valuable, drop a comment !
Wanna identify reversals? This video shows how I do it :)The time is going to be coming soon when the market is going to go back to a bull market. But what if you could identify how to find those reversals yourself? In this video I go over how I use TA to find VERY important reversal and breakout zones. Enjoy
EDUCATIONAL POST (FVG - Fair Value Gap)EDUCATIONAL POST: (FVG - Fair value Gap) 📊📈
Let's take some time to explain a trading term I often use in my TA. 🤓
FVG - or Fair Value Gap (= inefficiency, void...)
👉 What they mean by that is an area of the chart where the price moved past in just 1 single candle, meaning the candle before + after haven't touched this area.
👉 This is how such a gap is formed.
👉 This gap frequently works as a magnet for the future price, indicating a CONTINUATION (bullish —> bounce, bearish —> drop)
NOTE: this is the strongest on the first touch it does, after that it's power deminishes and price often moves back through it.
EXAMPLE: (bullish) price moves up fast and creates a FVG. This area will act as a bounce area for when the price drops back down to this, before continuing higher. I've added a theoretical + $BTC example. (scroll back to see it on the chart)
Hope you learned something. 👌
Oli 🤙
Can Technical Analysis Predict The Future?People who tell you, a trader, not to learn Technical Analysis do so trying to keep you ignorant about the true conditions of the markets, not because the tool flawed.
Many of the people fighting it have no idea how it actually works or just can't get their heads around it.
The more I use it, the more I study, the more I practice, the easier it becomes.
It is not about predicting the future.
It is about gaining access to information that can help you obtain, when trading, better results.
If you would like to read into the future try Astrology or Numerology but Technical Analysis is for those who want read the markets as they are.
Try it!
It can be profitable.
It can be fun.
Namaste.
Strong Shakeout/StopLoss-Hunt Reveals The Bottom - RSKThis is the pattern that reveals the bottom for the Altcoins (Altcoins vs Bitcoin).
We are looking at it on the RSK Infrastructure Framework (RIFBTC) chart but it is present/showing up everywhere.
This pattern is what we call a "shakeout" or a stop-loss hunt move.
The market breaks down strong below support just to move quickly back above it.
This started happening 24-Jan. and 7 days later all loses have been recovered and instead of consolidation/sideways we will see a new uptrend form.
Another detail about this pattern is the bullish divergence that always shows up long-term.
If you zoomout, you can see the higher low on the MACD and the lower low on RIFBTC.
Keep this pattern in mind when looking for new trading opportunities.
I really hope it helps.
Namaste.
What To Focus On As A BeginnerFocusing on winning trades is your setback as a beginner
Every individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s exactly what makes them successful. So why should the road to success in trading be any different? Look at top performing athletes, they trained for years before reaching any kind of success that definitely did not occur overnight. This bring me to my main point where many traders could be failing due to focusing on winning trades rather than the process it takes to become a good trader.
Every trader beginning their journey needs to understand that trading the financial markets is no different than a top performing athlete. In order to achieve success, one needs to develop their skills over years. Instead of focusing on winning every single trade, one should be focusing on the process and the experience they are gaining over this time. Studying your mistakes, your losses, your psychological weaknesses, your analysis, and your understanding of the charts, are far more important at this stage than focusing on winning trades. Look at your trading journey like a student attending university, a student will learn over years different topics, where some will seem worthless at the time, but will however develop their skills in the necessary fields to succeed in the future.
Every beginner should deeply focus on the process. Winning trades are a by-product of a developed successful strategy which also requires a developed individual. The trader needs to be developed in their psychology above all in order to trust their strategy and apply it correctly without deviating from the plan. Take the time to focus on all aspects of your trading, and let the winning trades come as a result of that in the future. Trading is a marathon, not a sprint, always remember that.
⚠️ Read this if you trade ⚠️The impact of the subconscious and emotions on trading with simple solutions.
Why can't we make a profit even though we have a correct analysis of the chart?
Why does the price return from where we sell it?
Why do all those who enter with a small volume make a profit which is also a small one, but when the same one is entered with a large volume, it becomes a loss?
Why do we get scared and sell soon?
Why are we so hopeful when we are at loss, but still close our position in the same situation?
Maybe these and similar questions have arisen for you in your trading, but where is the problem?
Why is it that even though we know everything and predict everything correctly, we still don't make much money?
The answer to all these questions lies in the subconscious. As you know, the subconscious is programmed by us, and an important duty of the subconscious is taking the necessary actions when the conscious is not able to, and these actions are taken according to the plan.
The ones we give ourselves come into being.
The subconscious mind usually appears when we are experiencing emotions (happiness, excitement, fear, anger, sadness, etc.) and takes the necessary actions.
For example, when we make a lot of money, we feel happy, and from here on, the decisions are based on emotions, or when we lose and get upset or angry, and from now on, our decisions are still based on emotions.
So here is the problem.
What is the solution that emotions take the permission to function correctly from us and we can not do the necessary work properly?
In order to solve this problem, we must point out the cases that cause emotions to be extremely dominant and decisions to be sent from the subconscious.
1- No entry strategy: Many only listen to the news for trading, which is certainly harmful, there is news for friends who have no entry and exit strategy, and they are the first group to be easily preyed upon by whales.
What is the strategy? Strategy means selecting an entry, exit, and stop-loss point based on specific techniques and conditions. This is done before entering and opening the position. The problem is that many of us only think about the entry point and we never know where we are going to sell. We just want to sell whenever we go up a little, or we may even have a price for sale, but we do not place an order for that price, and we want to sell whenever it reaches that price.
Rest assured, in the second case, you will never sell at a good profit because the subconscious does not allow it, and a voice in your ear says: it is going up, do not sell!
So strategy in one sentence means knowing what I am doing and to know how much I will gain before I enter a share or cryptocurrency and also if I've made a mistake, how much I will lose.
So if you do this before buying, you won't have to deal with feelings and you will find the correct and logical points to enter and exit.
If you are going to decide what to do after the purchase or when you are at a loss or a profit, be sure that all your decisions are made unconsciously. And you can not have the correct performance and in 90% of cases, your position is closed with a loss.
WEEKLY HIGH vs WEEKLY LOW ✅I tried to show you in this example how i use weekly high / weekly low to spot intra-week reversals bearish or bullish.
Just look for a drop below previous weekly low and a bullish confirmation - intra week bullish reversal
Look for a rise above previous weekly high and a bearish confirmation - intra week bearish reversal
Plain and simple, have a great trading week. ✅✅✅
understand the #CRYPTO market from the 10% view ditch retail PT2on part two we will discuss how the 10% looks at the markert, and first thing first is understanding market structure from the proper lens. this time around i will save time by only talking about my philosophy to the market vs opposing retail so lets dig in.
when approaching market structure one should ask. who why and where is price going . put yourself in the shoes of the market movers and the sharks that makes 90% of the money from public. we have to remember that trading is just essentially a transference of funds form one and to another but it never leaving the inner circle. so market structure should be approached as if i am moving the market where was the last time or area i opened a new idea or placed a trade, rather then trying to find where others are buying at support. now if you are the market mover you will come to understand the importance of paring orders. and how liquidity zones help allow price to flow smoothly. so for example if i am the few thats moving btc and i initially started buying btc around sub 30k areas where would i want to buy again at for the best opportunity cost? 30k or below so what would i do? easy book profits on my longs and start to shift to shorts now on the chart this will look like an accumulation area for retail. now remember for every buyer there must be a seller vice versa so as i book profits on my longs i am also unloading large selling pressure unto the market which will automatically cause some move in price. now because you are the market mover you cant just instantly switch all positions to short or sellout fully of your positions so you have to start stacking shorts around a set price thats good for the 10% . this will look like the highlighted area where it says sell stacking on the picture. now once large funds have about 50% of their ordes filled for thier shorts this is when price starts to fall. while price is falling there are two people in the markets the "dip buyers" filled with hopium and panic sellers that took the other side of your trade. these two players will help you move price as one the dip buyers help your orders get filled as u add on to your position towards the down side, and two the panic sellers help move price down faster by adding more selling pressure. both participants are nothing more then liquidity to you. in this case you cant let price run to fast as you will leave money on the table so what comes after you open your postion and you are now in profit. you partially close out and book profits . this leaves a wick usually resulting in the dip buyers feeling good and the shorters also feeling good as they have made some money riding your wave. the shark in you knows there can be more money made before the next move down so now it is time to allow price to recover while you continue to add onto your original short idea . this will form an area of accumulation and liquidity as retail put sl under this wick or area and limit orders will be placed around this area. so while thought are being gathered around a certain price area you give time for retail to choose a side to lose money on. as price continues to bounce fomo will enter the market bringing in more liquidity at higher prices these fomo buyers will be your liquidity to take the other side of your trade.
KNWOING THE MARKETS are filled with ignorance and emotion you understand that the longer price satys up the more money comes into the market which inturn mean more money made on the downside the more hope that comes into the market the more reckless traders become leaving positions open to be liquidated. BOOM you are ready to unload another wave after sell stacking hiddenly during the bounce now you have paired your short term buys with an open candle and you are now short with roughly anohter 10-15% of your allocated risk now in the market. u push price down before buyers can exit and run through the perceived support area which was really liquidity that would be used to book profits or further push price down. after this move retail is stuck in confusion to how their support area was broken, out of their confusion they revenge trade and once again try to buy the dip to recover the lsot funds. this time you play to their hand to bring back some trust and hope to the market so you hedge your shorts for the mean time and now take out the sellers who had their sell stops at the support and allow the "dip buyers " to win this battle. once again creating a wick or area of accumilation where retail will fall for the same time as before due to their ignorance. of course as price is pushing up on the bounce you are trying to pair your odrer now what are we looking for to pair orders? the closest possible price to our original entry or last entry. price moves up to the open of your position and you continue with your movement .
with these two moves in you have now taken out shorters and buyers and this cycle can keep happening over and over . now some will ask how can we see this happen next post i will show ypu what to look for.
as for now try to take this approach to your charts and see if you can find examples off this order playing out in the market
here are my marekt rules and terms so when looking at my post in the past future you can know what every term or symbol mean
You want to trade crypto? You need to read this! Hello dear traders i hope you were not affected by recent drop.
About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below).
What to do now? Now we should stay aside as we did. It's so simple and it's easy to do you do nothing UNTIL this trendline is broken. Maybe this is the bottom but we do not buy UNTIL this trendline is broken.
In every drop and every midterm correction we only will be looking for clear GLOBAL PATTERNS like a big falling wedge, a global trendline, a big descending channel which price hits its top many times etc.
So if you have a clear long term pattern trade it if you don't have it stay aside and watch. DO NOT trade local petterns and short term ones because in most of cases they will give you fake results. When people are trading and loosing money and market makers beat them hard you just watch and wait for a clear longterm pattern breakout. This is how you can survive in this choppy market.
If you liked this post push the like button and tell me do you like to know how to exit the market right before a big correction?
Higher timeframes never lie! Look at the monthly timeframe
What do you see? Higher timeframes never lie and they're very simple to understand! We see a double top around 60_70K which is a very strong resistance also we see a bearish divergence because as price making higher highs RSI making lower highs also RSI is overbought. There's a support around 18_13K and also 100 monthly EMA is exactly there to support the price in future. These are very simple and obvious. Now you look at the chart and tell me what do you expect from bitcoin?
A Death Cross for Bitcoin?I see many people speaking about "The Death Cross" that's just appearing on the Bitcoin chart. The Cross brings some fear with it, and I can't just understand why, since it's not really a concerning one. But let me explain.
A Death Cross is only strong and meaningful as long as Both SMA (50 & 200) are pointing to the downside - both SMA need to be declining. Many Traders do also Check the Volume. If the Volume is Rising with the Cross, its more likely Valid, if the Volume is declining it less likely.
Personally, I don't really use the Volume to Confirm. I check the direction of Both SMA.
Edit: In my Opinion the Death as well as the Golden-Cross are really really bad Indicators since they're lagging really hard.
Don't get fooled!
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
Assess the undervalued and overvalued cryptos | On-chain metricsImagine having a tool that helps one predict whether an asset is undervalued or overvalued. The price to earnings ratio is an incredibly powerful tool that is used for valuing the worth of a stock. If the P/E of a company’s stock is 50, it means that investors are willing to pay $50 for every $1 earnings of the company.
However, with crypto, there cannot be a proper P/E ratio, as it is a commodity. A lot of people use the market capitalization to gauge the worth of a cryptocurrency. This is a flawed approach because mcap can be gamed, and is usually very common in the crypto spectrum. A token can be created with a circulating supply of 10 billion and a few coins sold at $1 means the market cap is $10 billion — but the coin could only have a trading volume of $1000. Because of the flaws in the market cap approach, there needed to be some other technique to help traders and investors to accurately assess the health of blockchain networks.
Use of on-chain metrics is a great tool to gauge the worth of a crypto project. One of the first widely used, on-chain metrics that was developed for cryptocurrencies was the Network Value to Transaction (NVT) ratio, popularised by CoinMetrics. By comparing the value of the network with the volume of transactions recorded on the blockchain, we can identify when a cryptocurrency is overvalued. When the value of the network is not justified by the volume of transactions, the NVT ratio is relatively high. When considering the transaction volume, if the network value is unusually low then it may suggest that a higher valuation is justified.
Two important on-chain metrics to watch are: the number of active addresses and the number of transactions which are two proxies for the demand for (and usage of) a blockchain network. We can examine the length of time an address has not moved the crypto using the on-chain metrics. If a rising number of investors are HODLing, then we can presume that circulating supply is lower, which should increase the price if demand is constant and also points to confidence in the asset’s future performance. Another interesting metric that can be used to gauge the long -term aspect of a token is the amount of value staked to support the network. It is also known as Total Value Locked or TVL, and can be used to deduce whether people support the project for the long-term.
Crypto NotesHi traders!
I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto
notes that have helped me to navigate in Cryptoverse.
Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs.
Being early is a great advantage in Crypto
If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH)
and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends)
can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price.
When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only
one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are
going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance.
I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong.
Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow
me to deal with volatile price swings more easily.
I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies.
Just find out what style suits you best.
Scale In & Scale Out
As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that
general market structure has not changed.
I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions
when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after
selloffs or fund new early stage projects.
This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ...
It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling
with one trade.
Liquidity Planning
Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve
to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible.
For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply
because I did not led my cash flows.
I thought that I just 'flow' and find money when opportunities lie in front of me.
Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced
this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good
opportunities. People tend to forget that and only focus on risks.
If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :)
Thank you and enjoy your trading :)