Quote from: crypticj on April 20, 2023, 02:38:19 AM

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

It depends of course on what kind of a participant you are in market. Are you there short term day trading? medium term position trading? long term investing?
If you are reading this and you find this insightful, then good for you.
If this does not resonate with you, then simply disregard it and stick to your trading plan.

I agree with the same analysis. However, we have different frameworks and lenses in the marketplace.
It could be evident as a fake run, but some see it as an opportunity to day trade the volatility higher before going lower, or some see it as a good opportunity to dollar average in.
There is no one way to skin a cat. As long as you are profiting in the market, then you are doing it right.

The goal is not to be right. We all aim to make money.

Quote from: aryana42 on Today at 01:54:09 AM

I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.

Hope and emotion trading is what make investors lose their money. They trade out of fear of either losing money or not being in the move.
Price could be anywhere at this point. But only those who have their investing and trading plan can make money consistently in the market.