Just yesterday I was writing on my concern regarding the exaggerated uptrend of the last few days. If you are reading this, more so if you are wondering "WHAT's HAPPENING??" as some newcomers are, know that this is completely normal, and actually quite healthy.
You see, the longer we go up without corrections, the harder we fall, and thus shake off just about everyone from their positions. Regardless of what anyone may say regarding their power to stomach a downtrend, everyone has a breaking point, and the old saying: Markets can stay irrational longer than you can stay solvent- Should be your mantra.
This is why all the big players, the scarred OGs as I like to call them, constantly remind us not to gamble with money that we need. I've met more than once in my life people that have dropped their house payment into BTC chasing a green candle, just to get squashed emotionally and end up in a bathtub eating chocolate.
I hope, and I mean this sincerely, we consolidate for a few days before any considerable moves to the upside happen. That being said, the bulls have been so aggressive lately, my wish might be ignored by fate as soon as tomorrow.
Trade safely, or better yet... just HODL
MenO
