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Issue 66 – Cryptos Crash; What Now?

September 7, 2021


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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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.

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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. 

Justin T Bennett

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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.

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