BTC: Updated chart on how the bulls and bears both get rekt

in #bitcoin6 years ago

This type of price action would wreck both the bulls and bears.

It would force the shorts to cover on the way up, and longs would pile in.

Then it would drop and get the longs to sell and shorts to put on short positions again.

Then, it would rip higher forcing shorts to cover and the longs on the sidelines watching or being forced to pay higher prices.

The market often does what the least amount of people are prepared for.

Be prepared for this.

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How do you prepare?????

don't buy more when it starts going up and don't sell when it drops... just hodl!

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