Two CORRECT Thing to do and one WRONG on a retracement - by D Man
This retracement was -26.5% from the top.
In bear times, retracements can easily do -80%.
These are bull times, we will rarely see one going over -33%.
So with this said, you realize it's not as hard as trading can get at times (and to take a mental note, that the times will not always be this easy).
The retracement is not neccessarily a bad period. Remember that coin you saw pumping and wishing "I wish I bought it when it was down there".
Well, rememeber it! Now it's down there! Maybe buy it?
So, the first correct thing to do on a retracement is to BUY MORE!
We are still in our bullish zone and we got an OPPORTUNITY to enter cheap.
INJ, BAKE, XVS are wonderful Blockchain Whispers gems shared with you here - fundamentally very strong.
What to do if you held alts, and it dipped you ask?
In that case the second correct thing to do in the bullish retracement is HOLD PATIENTLY.
The only WRONG thing you can do is to sell on a dip, because your nerves get tested.
Look, my 42-40k level bitcoin can still happen, but you need to be MENTALLY ready. I always tell you about those scenarios because if I don't, you have so many groups, twitters, youtubes etc that just fomo you and hype you. I want to bring you as realistic trading as possible.
I want to give you everything you need to put the odds in your favor so you end up as a big winner in this bull run.
Most newbies are famous for selling the bottom and buying the top. These are bull times, retracement can be an opportunity to buy more or to hold.
I love you,