TheCryptAlpha

The Dumb Mans Guide To Catching A Falling Knife

BITFINEX:BTCUSD   Bitcoin
Welcome To The Guide

1 - You Done Goofed

2 - You Done Goofed

5 - You Done Goofed


Trading in a market searching for a bottom will usually only cause you to get in too soon. here's a few things that can help you really identify the bottom.

1 - Are you the first jump in the market like one toothed bobby on a ribeye? You probably have not hit the bottom

2 - Do you immediately regret your purchase like that night I had with Loosey Kassy?? You probably have not hit the bottom

3 - Has the market bounced and left a long bottoming out wick? - Welp your probably certainly not at the bottom

19 - Is everyone talking about lambos, moon, and how many shit coins they bought? You probably have not hit the bottom

The sure fire way to grab the bull by the balls, while spanking your sisters uncles monkey named short cake.

IS!

To

Follow

The

Money

- Bottoms come very quickly, So make sure you purchase on the way up, not on the way down.
- A Market that bottoms out will throw large wicks, a true bottom wont give you a chance to buy at that price for very long
- Long term bear markets tend to roll off, but I think we still have a potential to make a capitulating bottoming
- Don't go all in - Scale your orders, throw buy orders at low prices based on your charting,
- Limit order, Hail mary orders who knows maybe they will get filled...
- Large Money will start coming in so check the volume, You will see it grow rapidly. Volume usually is not very noticable but I sometimes mark the level to monitor it.
- Back To Volume, Volume bars will tend to grow on all time frames so check the daily
- When the closing days candle starts trading above the previous closing days candle its a good sign that your out temporarily
- Your stop losses should be set to the lows
- And Many Many Many More things That Go Into Trading.

With these volatile conditions dont forgit, Its a marathon not a sprint.
For those of you who think you will beat the market or know something for certain, you dont know jack. Half of the people that write things on trading view are clowns, Dont listen to a pre-pubescent teen named Kyle that is sitting in his parents house banging away at his keyboard on TV.com on how you should invest your money.

Financial success if being a tad bit smart, and having huge COHONAS! like me :)


The End.

Be Careful & Good Luck
Your Boy TheCryptoAlpha



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