MultiversX Tracker is Live!

Don't Catch a Falling Knife:

Bitcoin Reddit

More / Bitcoin Reddit 394 Views

Advice from a pro trader with 10+ years in the market: Don't try to catch a falling knife.

Don't try to use timing and buy the dip. Similarly, don't panic-sell. Instead, look at the overarching pattern and delay your decision. What is the momentum saying?

Moving Average 200 days got breached twice last few days. People have been buying up on that but it's still going lower. What does that tell you?

Wait for a few days to see what happens.

Don't trust those saying BTC is gonna go for sure to 100-200k.

Likewise don't trust those saying BTC is gonna go to 1-5k, or worthless.

The most likely outcome lies somewhere in between.

Wait a week before you make a decision and don't react when Elon Musk posts his next tweet.

submitted by /u/GeorgKung
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments