This morning’s price action from Bitcoin and gang was ugly. It even got a little scary there for a while as liquidity dried up.
So is the worst behind us?
I’m going to do my best to answer that question in today’s issue. We’ll look at some weekly levels, lots of Fibonacci confluence, and even a fractal to get clarity before we wrap things up with updates on BTC, ETH, DOT, and VET.
Let’s get it!
A Lesson in Risk Management
Today’s crash (yes, it was a crash) was a stark reminder of the importance of risk management.
I know many of you are hodlers and don’t trade. If so, then you can ignore this message, at least for the most part.
For those that trade crypto, you can’t get away with not using a stop loss or risking 20% of your account on a single trade.
Risk management is essential!
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