weekly, 2 week and monthly charts hold the most value for any investor, Here's why,
I strongly believe that the high percentage of investors that fail to trade the markets correctly is simply because they don't know where the buyers and sellers are. With higher timeframes, we can eliminate a lot of the unnecessary noise in the markets and identify the true direction of a market. I think that a lot of traders fall victim to wanting to make quick money and lack patience. I personally like to treat the markets as an alternative avenue to generate passive income over an extensive period of time. I like to trade less and I like to increase my chances of winning more consistently by playing the megatrends.
Patience and saying no to greed is a skill set that every investor needs to master. Without the right mindset to approach the markets will break you. There is nothing wrong with day trading, but just know that the micro-trends in any market can be very misleading most of the time. You're studying price action on such a low timeframe that you tend to forget what the big picture of a true market cycle is representing.
Become patient and let the investment work for you over time. I can day trade but to me, it's not worth my time and effort.
Anyways,
This video will talk about the lifecycle of Bitcoin and the megatrends.
You always hear the hype and the story of "How I bought high and lost money in the markets."
Every megatrend on bitcoin has been easy money if you would have just played the buyers or the sellers from a long-term perspective.
I will talk more about this in the video,
Take Care.
I strongly believe that the high percentage of investors that fail to trade the markets correctly is simply because they don't know where the buyers and sellers are. With higher timeframes, we can eliminate a lot of the unnecessary noise in the markets and identify the true direction of a market. I think that a lot of traders fall victim to wanting to make quick money and lack patience. I personally like to treat the markets as an alternative avenue to generate passive income over an extensive period of time. I like to trade less and I like to increase my chances of winning more consistently by playing the megatrends.
Patience and saying no to greed is a skill set that every investor needs to master. Without the right mindset to approach the markets will break you. There is nothing wrong with day trading, but just know that the micro-trends in any market can be very misleading most of the time. You're studying price action on such a low timeframe that you tend to forget what the big picture of a true market cycle is representing.
Become patient and let the investment work for you over time. I can day trade but to me, it's not worth my time and effort.
Anyways,
This video will talk about the lifecycle of Bitcoin and the megatrends.
You always hear the hype and the story of "How I bought high and lost money in the markets."
Every megatrend on bitcoin has been easy money if you would have just played the buyers or the sellers from a long-term perspective.
I will talk more about this in the video,
Take Care.