I had set aside a small amount for just this event and I'm quite happy I did. Of course, there's always a risk, a possibility of not making those gains, but honestly, with time, I've learnt to pay attention to volumes more than anything, and trade volumes were telling a story.
independent.co.uk
When the bulls begin to get tired, it's a good indicator that we are likely to take a dip, and plenty of people were calling for it, which further cemented it into truth. That being said, we know full well that sometimes green candles come without an apparent reason, but not making the mistake of believing that we will always go up is just as important to know.
In my opinion, and that's all it is, we are likely to stay at this price for a couple of days before moving on up again. So, it's a good time to be buying, if you are accumulating that is. It comes down to how comfortable you feel with the current price. Yes, 7900 might seem like a lot, but 10k is quite a bit more and we are likely to be at 10k before the month ends, I'm sure.
At any rate, I'm grateful I'm learning to trade with a cold heart these days, something that eluded me for over two years.
MenO
