Anatomy Of A Bubble! BTC Hits $40,000!

Anatomy Of A Bubble! BTC Hits $40,000!

Time for some market education. We have gone from our first all time high of $20k to $40k in only 22 days. Is anyone else getting nervous? Even when the fundamentals are perfect with the government printing money like no tomorrow and huge institutions looking for hedges against inflation, we haven’t seen any rest. Number go up.. and uppp .. and up! Well these things can’t last forever. Today we are looking at the behavior of bubbles, what emotions are involved, and how charts behave around bubbles. If you get to a place where you think going up is just the new paradigm or you are so complacent you are taking huge risks, you are about to get rekt. It’s time to up our game on risk management, not throw caution to the wind. Mania phases can take prices to insane levels in a matter of hours or days so for goodness sake Do. Not. Short. Bitcoin. But you need a plan - if not a trading plan an emotional plan to handle some serious drops coming up here. If you are trading, don’t go contrary with more than 10-20% of your portfolio. If you are holding, buckle up hard. We could easily hit $100k and then drop to $50 or below and people will lose their minds, so think about this in advance. Good luck in your trading!

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