Trading vs Gambling
#uncertainty
#RiskManagement"
Two days ago 99% of Square was shouting it's the end of the world. Many got liquidated, many panic sold and sadly very few bought into this opportunity.
Now that the prices have risen considerably, I suppose that many are buying in: WRONG AGAIN!
Price has been appreciating for 19 hours and it is not clear yet if $BTC is going above 100K or down to 90K. 19 hours is a substantial period on H1 therefore the probability of a pullback or a continuity of the downtrend is now very high.
I believe we are on a H4 downtrend and this is just a temporary rise but instead of taking bets I am reducing my risk and waiting for the confirmation.
If you are a gambler, I suppose you would just go all in now.
If you are a trader and you know about risk management you would now secure some of your profits and wait for the market to give you a confirmation.
