Monday 11 January 2021

Bitcoin: The long-awaited correction

After waiting months, Bitcoin is finally experiencing a correction that is sure to turn a lot of stomachs. In this video we talk about how smart money can enter this market in a relatively low-risk way, and how that money is causing a lot of sell pressure against the new money coming in at the top. Perhaps the sentiment is "But $42k BTC is still cheap!" Well, to people who were buying at $3k-$4k, they are already up 10x or more! This channel focuses on systematically scaling in and scaling out, reducing risk where we can, but admitting we do not know the exact bottom or exact top. The main point is to ensure we "never let a good bubble go to waste." TA Video by Benjamin Cowen.

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