Crypto I wish I could fast forward a few months time and s..
Added 2021-12-07 04:45:13 +0000 UTCCrypto
I wish I could fast forward a few months time and show you the future. You would have a huge smile on your face if you are colleting what you can in these ranges. Remember to use good risk management, collect what you can when you can. DO NOT use all you have at one time or even on two sperate occasions. For example, if you have $10,000 on the side to use, don't use it all at once, or 5k here and 5k there. Use a very conservative risk management method that I have tried to show you with my past calls. Use $50 here, $30 there, if we dip to larger areas (where we are now) use $100 here , $100 there. That will leave room for allowing you to average your way in at a better price for the long term. If you are in this for the long term but are expecting gains after 1 or 2 months and ready to quit because you're down, then you're really not in it for the long term and you need to retrain your thought process.
I do believe that this cycle is going to be a longer cycle than we have ever seen before. With what just happen this massive dump just got us stuck in this range until we break out from it, which could take time. Impatient people will sell off in a loss, whales accumulating and chilling, don't think we see a top until the summer of 2022 or at latest 1 yearr from now. There are going to be periods where we dip down 20, 30 and even 50% to reset, accumulate and then move higher. We have done this 4-5 times already over the last 2 yearss . This is normal.
In March we consolidated near ATH for around 80 days. Then, we dropped around 50% to consolidate before we moved back up. We consolidated for around a month in that area, then dropped around 25% to consolidate there for about the same time, a month. Just last month we hit new all time highs, consolidated in that area for about a month and have dropped almost 40%. I think we are doing the same thing, we are going to consolidate for about a month in this area before we move HIGHER to new all time highs.
