Classic setup that I used to see a lot in OTC markets. Retail just panic, they just puked everything. This type of opportunity is rare is mature stocks but in immature crypto seems to happen every year. I was lucky that I saw the price on cointelegraph, most of the time I miss these but its a classic day/swing trading setup. Most likely things just creep up from here and markets slowly recover in the coming weeks/months
I also added to my GLXY stake at 21. I couldnt get the 19 prints, by the time I logged in it was too late
@johnarb, a while back you said "no one could lie on the blockchain". Apparently they can lie enough that only a 100K BTC inflow into exchanges can take the price down 50%. Which goes to show that the blockchain doesn't owe anyone shit. Markets are not easy. I dont think that was THE top but it does show that on-chain data is not this magic thing you think it is, markets can do whatever they want at any time
Even though I named this journal 'trading' what I'm doing is more investing than anything else. As far as how to improve on this, I would recommend the following books: The Market Wizard Series Trade your Way to Financial Freedom The Six Pillars of Self-Esteem (for mental game) The Steven Drobny books and for crypto all books by Andreas Antonopoulos The Soros books are good too For active trading I recommend the Mike Bellafiore books and Traders of the New Era expanded Then become an open minded student of markets. Study history and try to learn from it as much as possible. Always consider the chance that you are wrong and go from there. Also, surround yourself with investors/traders better than you, thats how you get better
March 2020 was 2.5 years and -84% after the prior peak, the culmination of a long basing process, and the beginning of a historic liquidity tsunami. Experience (with BTC and markets generally) suggests we're heading for another one of those 85% DDs in your table. I'm actually surprised that BTC didn't manage another leg up before it broke. Just goes to show you that for all the elaborate models and rationalizing, at the end of the day it all comes down to liquidity conditions.