Market structure still looks great.
These levels needs to hold if they don’t it gets ugly. Changes nothing for me long term, just means you will be gifted the opportunity to buy lower
The most difficult part now will be overcoming your ptsd (Old Participants )
new cycle participants will enter and at the peak have the same over confidence bc they’ll only know up only
Capitulation works two ways
Price moves up forcing you to buy, it moves down compelling you to sell. Price forces action on your part. Price moves to force participation in the market
When supports break. The previous Buyers become sellers which brings momentum
This happens within trends more so. The ripple effect resulted to capitulation to the upside on many. Sidelined people couldn’t take it anymore. And were forced to jump in hence neglecting risk management due to FOMO
I do understand this but bear in mind frens that
Time-based capitulation is brutal because during it there are multiple face-melting pumps that make you believe the bull run has begun
The reality is that it takes much longer to change a market trend than people expect
The ride may be bumpy, but work hard, stay smart, and stick to a plan the outcome is enivitable. Crypto is here to stay.
Remember doing nothing is also part of the game
You dont have to trade everyday to be profitable just make sure your success rate is good
Enjoy your weekend frens