11-09-2022, 04:25 PM
Beware the falling knife
<!-- SC_OFF --><div class="md"><p>This right here, this is the falling knife you hear about from traders. You're not supposed to try to catch it. It'll cut you 9 times out of 10.</p> <p>If you have the guts to try and buy this dip, mad respect. But do yourself a favour and at least save some of your capital if it goes lower.</p> <p>BTC just broke all kinds of serious supports, if 18.2k can't hold a test of the previous low is almost guaranteed. This might be the big capitulation event everyone has been ominously predicting for months now.</p> <p>Whatever you decide to do, good luck!</p> <p>EDIT: We lost 18.2k in less than an hour of posting this, this is so bad.</p> <p>EDIT2: We lost the previous low of 17.6k in just 5 more minutes, ruthless</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/technically_fruit"> /u/technically_fruit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypuecc/beware_the_falling_knife/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypuecc/beware_the_falling_knife/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>This right here, this is the falling knife you hear about from traders. You're not supposed to try to catch it. It'll cut you 9 times out of 10.</p> <p>If you have the guts to try and buy this dip, mad respect. But do yourself a favour and at least save some of your capital if it goes lower.</p> <p>BTC just broke all kinds of serious supports, if 18.2k can't hold a test of the previous low is almost guaranteed. This might be the big capitulation event everyone has been ominously predicting for months now.</p> <p>Whatever you decide to do, good luck!</p> <p>EDIT: We lost 18.2k in less than an hour of posting this, this is so bad.</p> <p>EDIT2: We lost the previous low of 17.6k in just 5 more minutes, ruthless</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/technically_fruit"> /u/technically_fruit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypuecc/beware_the_falling_knife/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypuecc/beware_the_falling_knife/">[comments]</a></span>