Non Leveraged $BTC Holders Can Look to Add Soonð
The price is still outside the Gaussian channel after the big dump. Yes, I have trimmed down my positions as planned to save my portfolio. After FTX's debacle, other entities could be in serious risk too of going insolvent. They too can dump their positions to meet their collateral obligations in coming weeks. So, do not think the worst is over yet. Stay calm and focused. Prepare to position yourself to add more at a lower price level should the opportunity arises. My bullish view can turn on after the price reaches 200-period moving average. Please don't use leverage (this is how exchanges force you to hand your money to them) and better stay away from exchanges offering any leveraged trading imo. They have been repeatedly bamboozling the market.