and right now the price of bitcoin is touching below 8000 usd, I am a little panic if it will go down further. ya, maybe it's not a good idea to sell now and try to buy again below, because I have limited funds. no choice may have to be patient until next year. just hoping the end of the year can back to 9000 or 10000 usd.
If you are constantly taking bad decisions when it comes to investing then you need to rethink what you are doing in the markets, there were many investors that were very happy with the huge pump in the price that we saw weeks ago, but to me that was an obvious bull trap, instead of seeing a small and steady growth in the price of bitcoin the price went up very rapidly, that told me that was a fake movement and since then the price has been going down and it is returning to its true level.
Differentiating a bull trap and the real one is really hard. Are you sure that you dont have those thoughts that it might be already the start of the bull phase?
Basing on TA's on identifying bull trap can be spot out but we know that anytime it can be breakout without our awareness or notice thats why people do
keep on committing mistakes when we do trade.Some are just lucky to follow up their guts and intuition when it comes to decisions on getting out while they are still on greens.