First rule:BTC) trading should be “expect the unexpected.” In just the past year alone, there have been five instances of 20% or higher daily gains, as well as five intraday 18% drawdowns. The volatility over the last three months has been quite low compared with recent highs.

Trader new to Bitcoin, regardless of whether it is multi-million dollar institutional funds managers or retail investors are frequently captivated when the local top has a 19% correction. Many are even shocked to learn that the $99,000 correction since the Nov. 10 high of $69,000 was only $13,360. This occurred in nine days.