Professional trading is not about predicting price, it is about managing risk and having options to trade in any phase of the market be it Bullish or Bearish.
That said, and in view of the fact that this week has worked very well so far the supports at 42k and 47K, but we have not been able to overcome the 50K, let alone test the resistance at 53K, the famous "Cross of Death" up and down crossover between the 50 and 200 period daily moving averages is setting up on the horizon (December 23 or 24), we must be responsible and be prepared.
Bearish strategy: we lower the exposure of our portfolio mostly to more stable or fiat currencies (more than 50%) while we are in bearish season, we buy back a small percentage during corrections (waves 2 and 4) of the minor trend.
Simply, now the major percentage of our portfolio will no longer be in cryptocurrencies, but in stable currencies, with the other remaining percentage we will continue buying in the supports and selling in the resistances.
There are other strategies, but this is the one that has given me good results and above all the easiest to apply. By lowering the exposure, the risk decreases and therefore the stress!
Perfect time to lower the intensity of work and take advantage of these days, rest a little and share with the family.
Death cross in sight | Ecency
Introducing Refer2Earn | Onboard Your Friends to Hive, Earn Up to $50 Per Referralleofinance ·
