As we all know the crypto market is going through a volatile time right now, even for the crypto market that by nature has more volatility than the conventional (manipulated) markets.
The happenings in markets are a depiction of mass psychology. This means that it shows what the masses are thinking and doing. And this makes the markets partially predictable as well. Why? Things like cycles, show that history repeats itself and thus so do our mistakes. In times like these it is very human to panic and start selling as a reaction to emotions. EMOTIONS have no place in the markets so you must always be cautious of emotions and really search yourself to discover if you are going to do something based on emotions or based on analysis and facts.
The below chart will be helpful to get these emotions to top of mind. Save it and every time you feel that you might be trading on emotion have a look at this chart first and do some sole searching before moving forward. It will caution your for mistakes!
Good luck in the next few months as we all, most probably, will enter a very volatile / emotional period. These are the times when fortunes are made and fortunes are lost. Make sure you stay rational and I'm sure you will come out a WINNER.
