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Don't Catch a Falling Knife:

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Advice from a pro trader with 10+ years in the market: Don't try to catch a falling knife.

Don't try to use timing and buy the dip. Similarly, don't panic-sell. Instead, look at the overarching pattern and delay your decision. What is the momentum saying?

Moving Average 200 days got breached twice last few days. People have been buying up on that but it's still going lower. What does that tell you?

Wait for a few days to see what happens.

Don't trust those saying BTC is gonna go for sure to 100-200k.

Likewise don't trust those saying BTC is gonna go to 1-5k, or worthless.

The most likely outcome lies somewhere in between.

Wait a week before you make a decision and don't react when Elon Musk posts his next tweet.

submitted by /u/GeorgKung
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