These past couple of days, watching Bitcoin tank has got a lot of my fellow traders itching to catch the falling knife, but many are just getting buried halfway down the mountain.
In an extreme downtrend like this, trying to manually catch falling knives based on gut feeling is pretty much like signing your own death warrant.
The big players are out for blood and have a million ways to play on the fear and greed of average traders.
If you want to survive this brutal dip, you need to kick the emotional trading habit and follow the objective data.
#BottomFishing #Bitcoin #BinanceFutures #Quant58