BTC: I never make money by predictions

COINBASE:BTCUSD   Bitcoin / Dollar
112 0
I already liquidated all of my portfolio including alts. But I'm not here to share with you my activity. What i'm here to share with you today is that I just wanted to remind us that it's not a good idea to buy when it's high.
I always ask my self when I trade. As old saying goes, 'Buy low, sell high'. 'dude, is this Buy low, sell high?' if it's not, then I usually don't. And one of the main differences between trading and gambling is that we can adjust our opinion or choice as the market goes. For instance, we can re-bet our money after 1st quarter. That's what I mean by I never make money by predicting it.

Now, bringing back to the main point here, that Cryptocurrency market is moving together as BTC moves with high volatility these days. And it bounced back for a last couple of days. I made some easy profits there but like I said, I sold everything already. Now I want to see where the market goes. Maybe BTC goes and touches 5k again down below there. or maybe not as you can see above chart there two circles look similar. First one was double bottom formation but second one is even stronger bottom formation. Also as LTC had double bottom formation which may have strong support signal near that area so it could be the end of down trending. But because of this high risk involved situation, I would like to see where it goes first. Even if it takes off, that's fine! why? because I can re-bet my money and buy it when it pull back a little bit. It can't go to the moon within 1 day. That's how I manage risk...

Good Luck and best wishes for all of us...God bless you!
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