Successful traders always capitalize on the bearish atmosphere. They position themselves by accumulating the right assets while common people are feeling threatened by lowering prices. And they sell when the market is in an upward direction while the common people are buying;excited by the upward movement of green candles.
It may seem a bit vague from the out front but It is a very simple gameplay. Let me explain through an example.
Earlier this year, when $BTC reached its new #ATH. People started buying hoping it will cross 100k. I put my stop loss at $70000. When it was sold at that price, I waited for it to reach 60k and bought it again. Since then, I have sold 2 times at 68k while buying between 62K-65k.
I hope you found it helpful. Let's share this beautiful journey of crypto.
