What will we do when Coins broke last ATH ?
There are 3 cases:
1. It does sharp-correction. Ex: #Bank
2. It takes a lot of time for consolidation around ATH. EX: #HYPE
3. It takes 1 or few weeks to re-accumulate and prints new highs. Ex #LAB
Therefore, the first reaction after breaking ATH is No-Trading-Zone.
There are 3 cases:
1. It does sharp-correction. Ex: #Bank
2. It takes a lot of time for consolidation around ATH. EX: #HYPE
3. It takes 1 or few weeks to re-accumulate and prints new highs. Ex #LAB
Therefore, the first reaction after breaking ATH is No-Trading-Zone.
7 years ago Rose has said
Early 2019
βBuying at 4k is like Shorting BTC at top 2018β
Early 2019
βBuying at 4k is like Shorting BTC at top 2018β
Now a similar situation is happening again
Buying BTC now is like shorting at top 2022
Buying BTC now is like shorting at top 2022