snifadog wrote:Jon Jones wrote:Minor correction incoming any time from now into early next week. Weak hands/retail that FOMO'd last week have to be shaken out. I'm out of crypto as of now for the next few days because it might get ugly in a hurry.
you and mnandii same wozap group :) we will be closing with the highest monthly candle ever after touching 14k. now waiting for the omega bullrun for alts to make me the big bucks
Not really. Even pros get it wrong sometimes, but not too often like Mnadii. Mnadii's calls are too erroneous to be traded profitably. His win-rate is unacceptably low and his risk-reward is mediocre at best. I may have exited early, I admit. But I didn't go short and proceed to lose money. I am always long or square but never short in a bull market.
That being said, I still wouldn't hop back in at current prices of $13,700 (as a short term trader). Getting in at current prices would only make sense to an investor looking to hold long term and probably take a bath or average down in the interim. In the short term, the risk of getting in right now isn't worth the potential reward and those buying at current prices for short term speculation will probably get roasted.
Since men have learned to shoot without missing, I have learned to fly without perching