everyone thinks a dip in $BTC means free discount entries, but actually most degens just end up funding the exit liquidity for market makers.
you see the fear & greed index sitting up at 73 in greed, feel that itch to catch the knife, and watch your portfolio bleed out because you didn't wait for confirmation. losing half your stack on leverage trying to front-run the bottom is the easiest way to get wiped.
look at what happened to a buddy of mine last cycle when he tried to long every flush. he kept adding margin to $BTC and even rotated heavy into $ETC thinking altcoins would bounce harder on the reversal. instead of waiting for open interest to flush, he got liquidated three wicks before the actual reversal candle printed. ngl, the order books were clearly stacked with fake bids just waiting to pull the rug on late longs.
smart money waits for the cascading liquidations to settle before even touching the buy button. where do you think this goes from here?
#BitcoinFallsBelow #BitcoinFallsToAround
you see the fear & greed index sitting up at 73 in greed, feel that itch to catch the knife, and watch your portfolio bleed out because you didn't wait for confirmation. losing half your stack on leverage trying to front-run the bottom is the easiest way to get wiped.
look at what happened to a buddy of mine last cycle when he tried to long every flush. he kept adding margin to $BTC and even rotated heavy into $ETC thinking altcoins would bounce harder on the reversal. instead of waiting for open interest to flush, he got liquidated three wicks before the actual reversal candle printed. ngl, the order books were clearly stacked with fake bids just waiting to pull the rug on late longs.
smart money waits for the cascading liquidations to settle before even touching the buy button. where do you think this goes from here?
#BitcoinFallsBelow #BitcoinFallsToAround
