I start to smell blood on the street. I will never recommend anyone to invest in any high-beta stocks.
As for crypto, what does it mean? I foresee continuous selling pressure as the global economy weakens and more crypto investors freak out. Historically, crypto falls hard whenever a new BTC ETF was launched. Unfortunately for this time, the same thing may play out again.
It will be very difficult to guess what comes next. The smartest principle to follow is to DCA on small fixed position sizes when it falls to your target (key levels). Never ever chase prices for crypto assets. My best guess is that BTC prices may want to retest the recent key levels and I already have orders loaded up. You need to have sufficient dry powder in case BTC drops to sub $10k levels and ETH to sub $1k levels.
This way, you will be able to capture massive profits when the next crypto bull market reaches new ATH.
I start to smell blood on the street. I will never recommend anyone to invest in any high-beta stocks.
As for crypto, what does it mean? I foresee continuous selling pressure as the global economy weakens and more crypto investors freak out. Historically, crypto falls hard whenever a new BTC ETF was launched. Unfortunately for this time, the same thing may play out again.
It will be very difficult to guess what comes next. The smartest principle to follow is to DCA on small fixed position sizes when it falls to your target (key levels). Never ever chase prices for crypto assets. My best guess is that BTC prices may want to retest the recent key levels and I already have orders loaded up. You need to have sufficient dry powder in case BTC drops to sub $10k levels and ETH to sub $1k levels.
This way, you will be able to capture massive profits when the next crypto bull market reaches new ATH.