See callout bubbles. All of the cryptos are taking a breather after a VERY powerful, bullish move before the New Year. A careful look at the higher time frame charts will indicate that it only took 2 weeks for prices to get to their all-time highs, yet it is taking the Bears much longer to push the price back down to the price levels where the bullish move originated from.
In my book, I would say that, although the Bears are in control right now and news surrounding cryptos is bad, the Bulls are certainly still in this market and there is still plenty of demand for cryptos across multiple pairs. Let the Bears be Bears. Let them do what they do (which is push price down into price levels where smart money will buy at a nice discount!)
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
In my book, I would say that, although the Bears are in control right now and news surrounding cryptos is bad, the Bulls are certainly still in this market and there is still plenty of demand for cryptos across multiple pairs. Let the Bears be Bears. Let them do what they do (which is push price down into price levels where smart money will buy at a nice discount!)
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
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