🚨WARNING!...SAVE YOUR FUNDS!
YOU THINK IT IS JUST BUY AND HODL?
THINK AGAIN📌
A misleading concept is trending right now. Massive amount of people think it is just buy at any time when cryptos like BTC,ETH,PEPE e.t.c., are in bullish mode and HODL...If you are doing this, you are a ticking bomb waiting to EXPLODE sooner than later.
Ever heard of a common sying "Buy low, sell high?"...Majority of people get it wrong
Buying Cryptos at any time and holding is relying on luck!...That is why the majority always end up buying the high, when the market is RISKY and about to turn to bearish mode...No much time passes before the market turn on them and incur painful losses...The reason behind is THEY BOUGHT AT THE WRONG TIME ....They bought the high instead of the low.
THERE IS SOMETHING YOU HAVE TO KNOW BEFORE JUST BUYING!
The best investors know that the right time to buy is when the market is not risky. What I mean is when prices are low (WHEN THE BULLISH move is JUST STARTING).
NB 1:Dont get me wrong! I only buy assets that are in general up trend and not downtrend. So the word "buying cheap" to me means spoting an up trending market, patiently waiting for the pullback phase to end and buying when the impulsive move just starts
NB 2:The right meaning of buying cheap is...knowing the market you are in is in uptrend, waiting for pullback phase to end and the impulsive phase to just begin then ACTING!
Looking to buy a downtrending asset something which you should not do...This concept of looking for low prices cheap will kill your portfolio...Because, you will be buying cheap in a market that its prices are expected to become even more cheaper...YOU WILL BE OPPOSING THE MARKET, which is the worst thing to do in this arena.
I use trendline strategy to spot the overall direction of the market, then I use the counter trendline break on reasonable timeframes like the 2H, 4H as an entry criteria.
BUY AT THE RIGHT TIME AND HODL, DO NOT CHASE FOMO (Fear of missing out) like what is going on RIGHTNOW, where the markets are risky and may soon turn the table.