I've been holding BTC since 2020. 2 weeks ago when inflation data came out saying core CPI went up a lot i sold my BTC at 18,000$.At first it seemed i made right choice since stocks went almost -3% premarket and i thought we're gonna have final capitulation in both stocks and BTC, that it will go down to 13-15k.
Well when market opened everything just went up, ended like almost +3% at the end of the day. It was the perfect explanation why you shouldn't time the market. I made a huge mistake and i really refuse to buy BTC at now higher price.
It really seems BTC bottomed at 17.5k and stocks(SP 500) at 3480.
Now market is pumping like crazy,its obvious we won't go back to 18k or below.
Good luck to all, i hope you're smarter than me
In life and trading, we make mistakes, and the ability to correct them makes us better. No one would trade and will not make mistakes through speculation once in a while, but make sure that you correct your wrongs immediately after you detect them. Most traders are losing all their money in one or two trades because they can't cut short their wrong positions. You have already known and admitted you are wrong, you should close the trade and follow the winners, which are the Bulls.
In addition, BTC is not ready to fall this year anymore, a reasonable deal will be the 'buy-on-dip' approach.