Is this the end and we're going into a bear market for 3-4 years? Short answer is no. The fact that 85% of crypto trading is done by whales which comprise only 5% of all traders must make one realise they won't respect your "support lines" if they want to shake weak hands
5 comments
Hmm, that's deep. If they will not now respect support lines what do we now depend on to trade,? fundamentals ?
Fundamentals are for long term hodl I think. I don't trade with any significant amount on short term, for playing the "trading" game I look at RSI mostly. Doing this only with significant moves like today's. Thinking that I can trade every day to make little profit is recipe for failure IMO
I quite disagree with that Kam. I am more of a trader than a hodler. And I can tell you I do much better on my trading account than on my hodling account. I am down almost $2000 hodling while my trading is up almost 45% 1 month now. A trader that knows what he/she is doing will totally outperform a hodler. As a hodler I don't have a solution to bearish market but a trader does especially on futures. But I believe at the end of the day it is whatever works best for one.
If that's the case then I'm happy for you brother. I guess my assumption of excluding futures trading also affected my viewpoint. It's the rule of a bear market to perform much better with trading account than hodl account. Especially if futures trading is included too. But at the end, it's exactly like you said - it's whatever works best for one.
Exactly my point bro. Now we are on the same page