Perhaps after this crash, you can better understand what I wrote in my post from December 3, 2024.
I’m no longer afraid of these kinds of dumps today because I educated myself and took precautions to avoid risking my entire capital.
That’s why I shared my experience with you—to help newcomers avoid falling into the same traps I did.
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Here my post from 3.12.2024:
Let me share my experience with you. In 2022, as someone relatively new to the crypto market with only three years of experience, I was eager to grow my modest, hard-earned capital.
However, I was shocked when my portfolio lost 70% of its value in just a few days—wrong entries, poor coin choices, and so on.
I decided to hold my coins and not sell, but within weeks, my losses deepened to 90%. It was a traumatic experience.
Imagine watching your capital plummet from $69k to $12k. Only those who have faced such losses can truly understand what I mean.
But I didn’t give up! Four years later, I managed to recover my initial capital, which allowed me to restart trading—this time, avoiding many of the mistakes I made before (though not all of them).
I began studying charts and indicators and stopped paying attention to opinions unsupported by facts. This shift improved my trading strategy. While my profits are modest, they are steady and safe.
I’m here to share my experience, hoping it helps you avoid repeating the same mistakes I made.
Now, about #BTC :
In the screenshot below, you’ll notice a descending red channel.
BTC has repeatedly attempted to break through it (e.g., at 98k, 97.8k, etc.) but without success. This is typical after a significant rise. What’s next?
Looking at historical patterns, repeated rejections often lead to a retest of the channel’s bottom (around 89k).
The process unfolds gradually
- dump - pump - deeper dump. Position yourself wisely.
No one can predict the future with certainty, but the current indicators suggest a bearish trend.
Supported also by the fact that BTC dominace is decreasing while money is outflowimg from BTC and flowing into altcoins, this is the reason of the rise of altcoins.
If you have questions, feel free to ask. I’ll gladly share my knowledge to help you avoid the mistakes I made (even some I repeated this year). However, I won’t make decisions for you; my goal is to guide and educate.
Check my previous posts via the attached link to see how my analysis has held up over time.
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