Special Offer For Cryptocademy Users!

For a limited time, Cryptocademy users can receive up to $4,000 USD in bonuses using the link below. Bybit is hands down the best mobile trading platform I've ever used.

The link above is an affiliate link. Meaning, at no additional cost to you, I will earn a commission if you click through and sign up.

Issue 66 – Cryptos Crash; What Now?

By Justin Bennett

September 7, 2021

Members Only

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!

This is a members-only issue. Join today to get access to the full post, charts, and watch the video.

Members receive one new issue every weekday.

Join and pay monthly

Join and pay yearly (save 20%)

Already a paying member? Sign in

Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

Bybit - My preferred exchange for trading crypto. Over 100 tradable assets, super competitive spreads, and the best mobile trading platform I've ever used. Use the link below to receive up to $4,000 USD in bonuses. Limited time offer! Note: US clients must use a VPN.

Get $4,000 USD in Bonuses!

iTrustCapital - Where I invest in crypto for my retirement account. These are self-directed IRAs where you can invest in dozens of crypto assets and even gold and silver. Right now they're offering $100 in BTC when you fund an account with at least $1,000. Use the link below to claim this offer.

$100 in Bitcoin For Retirement

TraderSync- The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading.

Start a 7-Day Free Trial!

Justin Bennett

Follow me on Twitter:

About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

Learn more