@UltraXBT
Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee
Instead you leverage trade the chop zone until you are homeless
That tends to be one of the perils of trying to trade before your position is profitable.
In other words, if you spend enough time accumulating BTC, then you are going to be in profits and ahead of the trade.
So one of the secrets is getting ahead of the trade so that the price is coming to you.
For example, if I spent the past three years dollar cost averaging into bitcoin, my average cost per BTC would be $6k, so if i had invested $60k, I would have 10BTC.
So if I want to trade, maybe I would be trading with less than 1BTC.. but not even all of it at once, so maybe it would take me all the way to nearly $20k by the time that I sold that BTC, and if the price goes down, then i could buy back with the proceeds (supplemented by DCA, if I am doing DCA).
In other words, I have to think through the consequences of trading any portion of that BTC, so if the BTC price ends up doubling and I do not get any BTC back, would I be willing to live with a situation in which I might only have 9 BTC at $20k, rather than the 10BTC that I have right now? My personal approach is that if I am not able to be ok. with only having 9BTC at $20k, then i better not be selling on the way up.. otherwise, if I am o.k. with that scenario, then I am prepared for the consequences of my selling on the way up actions.
Oh by the way.. .leveraging is another story. Just say NO to that shit. You will thank me (and apparently UltraXBT via V8) later.
Bears are still in control, bulls are sweating
There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!
Best of luck
We've already had our double bottom - DEC'18, MAR'20 - in parallel alike, prior to the 2016 halving.
But please, suit yourself, WO would love to see you FOMO-in @$15k.
You are giving that dweeb too much benefit of the doubt. He's not likely to "FOMO in" until about $60k or maybe a bit higher than that.