Don't FOMO.

Don't FOMO.


Disclaimer: This is my own opinion and not financial advice.

What a wonderful YTD it has been so far for the crypto market I believe we are out of the crypto winter but also I want you to watch out for FOMO and at least think a second time before you take out a loan and buy more cryptos :D.

I want to share with you a historical graph of Bitcoin's weekly chart. I think we are seeing similarities to 2019 when the market finally started getting out of the previous crypto winter, but as you can notice after a small bull run it saw a long period of mixed and even falling market. Looking at today we see Bitcoin's price hitting the upper BB band and also RSI of 70 for the first time since 2021, while On Balance Volume (bottom chart) is growing but is not at a new 2023 peak.

My point is if you have $10K right now and you want to put it into cryptos, I would do it incrementally as the market might see consolidation. There are a lot of bulls right now, which you should take as a sign of caution.

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Bastien Scellier
Bastien Scellier

Young man passionate about building the best man possible. Here to share my learnings, personal development, philosophy, investment, business and crypto...


Crypto and Stocks trading analyses and News
Crypto and Stocks trading analyses and News

My journey in the no man's land of trading and the world of crypto-currency in the web 3.0 and the macro-economy of our capitalist system. Our world moves fast, undergoes cycles, setbacks ... It also draws opportunities and it is necessary as an investor to sort through the mass of information in which we can easily drown.

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