Every time the market crashes, the same thing happens: suddenly, everyone was “in cash for months.” They weren’t.
I’m not here to tell you I saw this coming months ago and sold everything. I didn’t. But I also didn’t get wrecked and lose it all. Why? Because I reacted to technical signals and reduced my exposure to altcoins.
If there’s one thing you should take from this, it’s this: markets don’t care what we think should happen.
A couple of months ago, everyone thought Bitcoin was breaking out. I thought so too. But then, support at $89,000 broke down. At that point, there were two options: watch and hope for a V-shape recovery, or adjust and reduce my position.
Here’s how it happened:
- Breakdown below key support → a clear warning sign.
- Retests of broken support flipping into resistance → confirmation of weakness.
- Symmetrical triangle breaking down → confirmation of further downside momentum.
These three signals indicated it was time to start reducing risk.