Anonymous

29 Apr 2021

∙

Bitcoin drops today 23 April is extremely risky. Don't try to catch a falling knife. My suggestion is to exit position and lock all your gains now.

I am gonna draw a lot of flak for this, but today's drop is not a normal drop. It has breached its support trendline and has never happened before in the past 1 year since bitcoin rally. If you are still holding bitcoin, please realize that you are in very risky position now. Exit if you can and don't try to catch a falling knife by buying the dip. Read this tweet for more details.
https://twitter.com/saxena_puru/status/13854577...

Disclaimer. I have no position in any crypto. I am just trying to help whoever I can help. Feel free to disagree.

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Chris

23 Apr 2021

Owner and Writer at Tortoisemoney.com

Appreciate the sharing but I just want to provide a counter point here for everyone reading. Puru Saxena (the guy who wrote the tweet), while I've no doubt he's a better investor than me, trades on _really short _time frame indicators. Hes known to be all in (with some on margin) to fully hedged on his stock positions within the same week and back again. Now I'm not saying he's wrong, I'm just saying if you're bullish long term, just hold (or as they like to say HODL) and close your app. Youll be alright in the long run.

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