The Importance of Having an Alternate Count..
See as Technical Analyst I can totally relate & understand that everybody wants their Analysis to turns out to be correct? right but NOBODY acknowledges that when they are wrong. And that's the reason we think objectively by having a 'KEY LEVEL, LINE IN THE SAND, ALAWAYS PREPARE OURSELVES FOR THE WORST CASE SCENARIO AS PAUL TUDOR JONES SAYS...'
So yeah, indeed it is very important that we hear all kinds of Information, Information which sometimes even causes us PAIN.
Now let's do some Brief Analysis on Aptos.
It had a Nice Rally in last week of Jan & it it topped there. 7.73$ is a very Crucial Support Area from 12th of May, but you have seen what Bitcoin is doing so maybe because of BTCs Price Action it just won't establish any kind of Support Area at the 8 Dollar Mark Figure atleast this is what I Originally Thought of...
Key Levels to watch over the coming Course of Months :-
$7.73, if we broke this then next support comes at $7.0ish range from 18th of Jan if we broke even this then well then be prepared to see this at $5.4 because there is no support honestly then
As of writing this these two critical support areas have NOT BEEN BREACHED so maybe it could still start a uptrend from 8$ Territory. But you know what as Bitcoin traces lower the Probabilities will decrease & increase a move towards downside Price Action. Let's see what it does next & please you could never have Certainty in Financial Markets it's just the nature here so stop seeking certainty. Be Humble, Learn to Respect Markets, Practice a Solid Risk Management otherwise you are doomed to fail here those who continue to acknowledge their mistakes will keep getting better. This Post is not to scare you or create any kind of fear among you its just to prepare yourself for the crisis situation . As the Pilot of your Trading/Investing Decision Maker you ALWAYS have to think for the bad things. Because it's only when we train our Mind for the unexpected we become Good Traders/Investors. I understand you may not agree with my viewpoint here because There is a difference of opinions among people out there as always with anything. But I think this is quite important most don't like to touch on this Subject.
So yeah, indeed it is very important that we hear all kinds of Information, Information which sometimes even causes us PAIN.
Now let's do some Brief Analysis on Aptos.
It had a Nice Rally in last week of Jan & it it topped there. 7.73$ is a very Crucial Support Area from 12th of May, but you have seen what Bitcoin is doing so maybe because of BTCs Price Action it just won't establish any kind of Support Area at the 8 Dollar Mark Figure atleast this is what I Originally Thought of...
Key Levels to watch over the coming Course of Months :-
$7.73, if we broke this then next support comes at $7.0ish range from 18th of Jan if we broke even this then well then be prepared to see this at $5.4 because there is no support honestly then
As of writing this these two critical support areas have NOT BEEN BREACHED so maybe it could still start a uptrend from 8$ Territory. But you know what as Bitcoin traces lower the Probabilities will decrease & increase a move towards downside Price Action. Let's see what it does next & please you could never have Certainty in Financial Markets it's just the nature here so stop seeking certainty. Be Humble, Learn to Respect Markets, Practice a Solid Risk Management otherwise you are doomed to fail here those who continue to acknowledge their mistakes will keep getting better. This Post is not to scare you or create any kind of fear among you its just to prepare yourself for the crisis situation . As the Pilot of your Trading/Investing Decision Maker you ALWAYS have to think for the bad things. Because it's only when we train our Mind for the unexpected we become Good Traders/Investors. I understand you may not agree with my viewpoint here because There is a difference of opinions among people out there as always with anything. But I think this is quite important most don't like to touch on this Subject.