The bitcoin FOMO is real! Bitcoin has been moving impulsively upwards and not only are we getting bombarded with messages about when to buy bitcoin, but now we are seeing it all over the media. Bitcoin has been in or under the $5000 range for 162 days, we have been erratically moving to the moon for the last 16 days and now people are coming out woodwork to purchase it. The markets main job is to separate you from your money, and in these markets, money gets transferred to the patient by the impatient trader/investor. I love the saying "Don't chase, buy the retrace" you have to be patient. We noticed that people love to buy after the coin has made major moves instead of having positions in it before. Buying Bitcoin (btc) for the long term, you can never go wrong, but if you are trying to make a short term move, it is best you wait for the retrace. Technical analysis is an amazing tool and just looking back at bitcoin's past you can see that it corrects almost after every major pump. The beginning is here, the bulls are out to play - do not miss out, but saying that also means to be smart and do your research!

Thank you for listening to Everything Crypto podcast. This is episode 027 of Everything Crypto