1) The infamous "crypto bear TRAP".
• What is it?
• How to identify?
• How to avoid?
• What to do after being trapped?
Read on🧵👇
• What is it?
• How to identify?
• How to avoid?
• What to do after being trapped?
Read on🧵👇
2) WHAT IS IT?
When the market experiences a significant downtrend traders might be eager to look for purchases thinking prices are about to rebound.
Quite often they end up buying to soon however followed by a continuation in falling prices leading to very significant losses.
When the market experiences a significant downtrend traders might be eager to look for purchases thinking prices are about to rebound.
Quite often they end up buying to soon however followed by a continuation in falling prices leading to very significant losses.
3) HOW TO IDENTIFY?
REAL market reversals almost always take multiple weeks or months to be formed.
If you see the price of an asset decline for a long period and see prices rebound this is almost ALWAYS a bear trap.
REAL market reversals almost always take multiple weeks or months to be formed.
If you see the price of an asset decline for a long period and see prices rebound this is almost ALWAYS a bear trap.
4) EVEN IF you somehow started buying at the bottom by coincidence once prices start to rebound.
REAL reversals take time and don't happen overnight. Bottoms take a while to be formed and require multiple retests.
You're not going to miss out buying to early.
REAL reversals take time and don't happen overnight. Bottoms take a while to be formed and require multiple retests.
You're not going to miss out buying to early.
5) HOW TO AVOID?
In order to avoid these bear traps, it’s essential to carefully research any asset you’re considering investing in.
Ensure you know what's going on and that you are not buying into an endless fall.
In order to avoid these bear traps, it’s essential to carefully research any asset you’re considering investing in.
Ensure you know what's going on and that you are not buying into an endless fall.
6) Take a rugged project for example.
Any drop isn't just a normal correction. These projects are going straight to zero without ever rebounding back to life.
Same with the $LUNA spectacle.
THOUSANDS of traders tried to buy the rebound.
Any drop isn't just a normal correction. These projects are going straight to zero without ever rebounding back to life.
Same with the $LUNA spectacle.
THOUSANDS of traders tried to buy the rebound.
7) Meanwhile an event was going on to increase the circulating supply IMMENSELY driving prices to mere pennies.
Understanding this event would have saved rebound buyers.
Theres a difference between fundamental factors and normal corrective behavior.
Understanding this event would have saved rebound buyers.
Theres a difference between fundamental factors and normal corrective behavior.
8) Additionally, it may be helpful to use stop-loss orders.
This trick lets you automatically sell your assets if they fall below a specific price.
I would sell my assets at a 5% loss and be wrong any day OVER holding on to them and hoping they ever bounce back.
This trick lets you automatically sell your assets if they fall below a specific price.
I would sell my assets at a 5% loss and be wrong any day OVER holding on to them and hoping they ever bounce back.
9) WHAT TO DO AFTER FALLING FOR THE TRAP?
If you have fallen into a crypto bear trap, trying and salvage your investment is not impossible.
• You can sell your assets at a loss and cut your losses.
• You can sell your assets at a loss and cut your losses.
If you have fallen into a crypto bear trap, trying and salvage your investment is not impossible.
• You can sell your assets at a loss and cut your losses.
• You can sell your assets at a loss and cut your losses.
10) Sadly, there is no unique solution to this problem.
No matter what you might think or hope, bad projects will never recover.
Coins like $BTC or $ETH will probably recover (although it can take time).
No matter what you might think or hope, bad projects will never recover.
Coins like $BTC or $ETH will probably recover (although it can take time).
11) The best way I've found to deal with these is to just prevent falling into them.
Although this is easier said than done I've found having an incredible amount of patience helps with these.
Don't rush purchases. The market almost always comes back for a second or third test.
Although this is easier said than done I've found having an incredible amount of patience helps with these.
Don't rush purchases. The market almost always comes back for a second or third test.
12) Want to avoid this all together and use an OPTIMAL AND SAFE proven method?
Consider reading my thread on "securing wealth" in a bear market 👇
Less perfect than timing the market but most optimal for 99% out there.
Nova out ❤️
Consider reading my thread on "securing wealth" in a bear market 👇
Less perfect than timing the market but most optimal for 99% out there.
Nova out ❤️
13) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
14) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
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