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Bitcoin falls, but Coinbase's premium rises This suggests that when there is excessive panic selling on Binance, where the majority of small investors are, US institutional investors are likely to adopt an aggressive buying strategy. Cryptoquant.
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So you thought that the bull market would be easy, right? You probably already understood that this is far from the case. It is very important to understand one thing. If you do not have your own convictions and ideas... you will lose all your money. You will blindly buy what you are advised, without doing your own research, and then sell in a panic when the price drops (because how can you keep something you don't believe in and don't understand?). You will believe that the peak of the cycle is at $150 thousand, because someone said so... and then, when the market starts to fall, you will believe the second opinion that the peak has already passed, and you will be very scared. You will look at the low prices that we have already passed and think: "I would have bought then..." and then, when the prices fall to these levels and even lower, you will not just not buy, but sell cheaper what you bought more expensively . You will fly into the peaks of the price, being in a state of FOMO (syndrome of missed opportunity), and then panic sell when the price starts to fall, and so on and on until you lose everything... A bull market is difficult. People are mistaken when they think that it is easy. But it is on days like today that we make money. If you can't survive the fall of Bitcoin, then you don't deserve the profits from its growth either. Yes, it's tough. But it's not me who's tough, it's the market who's tough. Point.
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We have been fighting for the median of this channel for more than a day. Here is a serious obstacle for Bitcoin. But as soon as the price overcame it, Bitcoin went into parabolic growth. The most interesting thing is that the last time Bitcoin exceeded the median of this channel, we started the season of altcoins (see chart).
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Candle wicks when you trade with leverage - "OH MY GOD WHAT IS HAPPENING, THIS IS CRAZY!" Candle wicks when you're on the spot - "wow, what a cool shadow the candle has." Leverage does not help to control emotions.
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The most important support range for Bitcoin
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