Bitcoin short squeeze | Warning: Don't Fomo | Fibs work!

17 Jul 2018

Hope you enjoyed my analysis. I have been a trader in the equity markets for 10.5 years. One piece of advice I'd give to you is, do not trade against the trend. Be very suspicious of this rally and keep your eyes on the 8.5k level, 10k, and 11.7k levels. Sure you'll miss some % points on the way up if you buy at the bottom but a majority of novice investors do not know how to take profits or know where the top is to sell. People are too greedy. They fomo in near the top of a false breakout rally and sell back to the real investors at the bottom.

Please ask any questions you may have!

17 Jul 2018

Catatan

The trend is your friend. Remember that and you will not succumb to novice mistakes in this market or any other.

Happy Trading!