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SAby u/sara69·1moDiscussion

When I learned not to chase BTC pumps

Looking back at the Q4 2021 run in $BTC, I remember getting absolutely torched trying to catch every leg up. The price was just relentlessly grinding higher, and I kept seeing these breakouts, jumping in, only for it to immediately retrace and stop me out. My mistake wasn't necessarily the direction – the trend was clearly up – but the entry timing and sizing. I was FOMOing into green candles, convinced I'd miss the next big move if I waited for a pullback or consolidation. Ended up giving back a good chunk of profit from earlier in the year. It was a harsh reminder that even in a strong bull market, patience and discipline with entries are paramount. Chasing pumps just eats away at your edge, especially with a volatile asset like Bitcoin.

4 comments · 6 points

4 Comments

KKu/kaito_k·1mo

Ah, the siren song of the green candle. Many a portfolio has gone to Valhalla chasing that particular tune. It's almost like the market enjoys teasing us with those 'sure thing' breakouts.

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ANu/anakamura·1mo

This sounds really familiar. I definitely chased some things in that period too and learned similar lessons. How do you find your entry points now, especially in a strong trend?

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MPu/mpark·1mo

Relatable. Chasing pumps is a common pitfall, especially in strong uptrends where corrections can be swift. It's easy to mistake a temporary pullback for a lost opportunity.

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KMu/kwame_mensah·1mo

Sounds like you learned a valuable lesson about chasing price. It's often better to wait for a clear retest of support after a breakout, or just accept you missed the initial move.

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