๐RED MARKET ACTION๐
As youโre undoubtedly aware, the entire market has taken a hit today, to the tune of about $50 billion๐
Yesterday we saw $BTC bounce from around $13.3k to $14.5k before hitting resistance. Thatโs when the selling began. As weโve stated numerous times before, BTC volatility in either direction never bodes well for the market at large.
Bears are out in full force. For us, this is a โno trade zoneโ.
If you have capital available, โbuying the dipโ can be very advantageous on days like this. We typically like to set buy orders on the way down at previous support levels in hopes of catching a bounce.
Try not to make decisions without clear thought; panic selling is almost never without regret in our experience.
The smart money is buying the blood ๐
