Hello fellow degens! I like to think of myself as a bit of a crypto-analyst specializing in losing money during short- and longsqueezes. Now, why is it a lot of people go short when they should go long and vice-versa? Its simple: they dont recognize Bart coming at them before its too late! Now, the Bart and inverse Bart look like this: The Bart and Inverse Bart-formation As you can see, the formation appears during a period of trading where volume and volatility is low which gives them whales an opportunity to move the price up or down in a quick and devastating fashion. 99.9% of the time this is going to lead to you being liquidated and having to eat flavourless ramen the next few months. So, how does one avoid the curse of El Barto? Simple! Dont overleverage on short and mid-term trading these markets because it really is a coinflip on which way the humongous money wants it to go. DCA and hodl instead! [link] [comments] |
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