BTC and Ethereum helped amidst the crypto crash by a quick rebound? Really? I’m a big pop-culture reference guy like Bobby Axelrod in Billions. So, here’s one for you. Remember Flavor Flav from Public Enemy? Well, “Don’t Believe The Hype.” We really hope y’all aren’t refilling your futures account every time y’all don’t nail that new low resistance price when shorting Bitcoin or Ethereum. This will be a no-holds-barred post. So if you’re sensitive to a reality shakedown, stop reading because it’s about to get real up in here.
Here’s the short version of this. It ain’t going up in the short term. It’s going to keep going down and test out resistances in 10K for BTC and the low 500s for Ethereum. So, if you went all-in with your house and car on that, good luck, and better get some spot at the homeless shelter. But, if you’re smart and not entirely of an unsound mind when it comes to investments, you’ll know that’s a great time to invest out with good, smart decisions to enter with a nice bag of BTC or Ethereum to hold out for mid-term until the next ATH bull run.
BTC And Ethereum Help Amidst The Crypto Crash By A Quick Rebound?
No, hell no. If you know your market analytics and comprehensive technical analysis, you’ll understand that sometimes, markets do these things. Still, these green candles amidst this bear cycle don’t mean that it’s going up. So, give up on those hopes. However, not everything is a nihilist outlook. We are just being frank. When you’ve been playing the cryptocurrency market, you know that bear cycles aren’t forever.
Did you really think that the bull run from 2020 when everyone —including boomers like that washed-up start-up swindler like Kevin O’Leary and the other liberal sellout Mark Cuban from Shark Tank —were doing NFTs? Did you really think those green candles were going to last forever on TradingView? If you did, welcome to the real world, baby, you’re not in Kansas anymore, Dorothy, and this sure as hell ain’t Narnia. The crypto world is worse than your average trading floor at any hedge fund on Wall Street. So, either grow a pair and learn something about the psychology of markets or quit it altogether.
Is The Market Playing You, Or Are You Playing The Market?
Why does it seem like the cryptocurrency market is always one step ahead? In fact, it isn’t. Just open TradingView and familiarize yourself with the DXY Index. There. You’ve actually learned a thing by reading this post. Moreover, the cryptocurrency market doesn’t have some hidden hand controlling everything behind the scenes. However, it is open to manipulation. Just ask that mediocre man called Elon Musk and his line of dishonest tweets about Bitcoin during the last bull run. He was all bullish and hyped up about it. Moreover, he even had Tesla accept crypto, only to then claim he was “worried” about the BTC carbon footprint. Yeah, it worried him after purchasing. But that’s another story for a man whose other business venture is sending rockets into space with big CO2 emissions. Talk about the chutzpah and hypocrisy!
If You Get Out Alive, No Church In The Wild
The truth is that no one really knows for sure if crypto markets play you or you play with them. Most of the time, if you don’t have the financial and psychological discipline, the market will simply chew you and spit you out. So, how do you make sure that doesn’t happen? Firstly, learn the basics about volatility. That way, you won’t get caught up in the hype. The crypto price can go up and down. And just because Eth plummeted, that doesn’t mean it’s never coming back up. After all, bear markets aren’t forever, and Crypto Summers are eternal either. It’s economic cycles, and now, we’re in winter, boys!
So, if you’re planning to invest in the cryptocurrency market, learn that the market is unpredictable. Even the most experienced investors can’t predict what’s going to happen in the crypto market. So, if you’re thinking about investing, it’s important to remember that anything can happen. The bottom line is this: the crypto market is a risky place. But if you’re careful and do your research, you can make a lot of money. Just remember never to invest more than you can afford to lose.
Also Read: How To Get The Spotify Pie Chart?
