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Hey! Reading market emotions could be pain in ass ¯\_( 👁️ ͜ 👁️)_/¯ But what you can do about it?
Markets always flow in ups and downs, every minute emotions change so the market following well known sequence of emotions: ... Optimism — Believe — Excitement — Thrill — Euphoria — Complacency — Denial — Fear — Desperation — Panic — Capitulation — Anger — Depression — Hope — Relief ...
This emotions sequence happen on all timeframes, you can find it every day and on every market/assets. Moreover this emotions people feel over and over during day and regular business and activities.
I find 3 tips how to see market emotion stage:
1. Be Cold Mind — Check Twice
2. Take a Guess, but Control Risks
3. Watch Your Mood — Ask Opinions
These steps can improve overall market feeling, but you have to train intuition and spend time on markets to find it's patterns. This require experience, so spend time to learn and try different things. Do not rush "all-in" if you are newbie, small is big in the trading.
Peace and have good profits. Stay tuned to Artem Crypto.
P.S. Bitcoin next stop could be near 100K, not joking.
remember this chart?
Good luck :)
Markets always flow in ups and downs, every minute emotions change so the market following well known sequence of emotions: ... Optimism — Believe — Excitement — Thrill — Euphoria — Complacency — Denial — Fear — Desperation — Panic — Capitulation — Anger — Depression — Hope — Relief ...
This emotions sequence happen on all timeframes, you can find it every day and on every market/assets. Moreover this emotions people feel over and over during day and regular business and activities.
I find 3 tips how to see market emotion stage:
1. Be Cold Mind — Check Twice
2. Take a Guess, but Control Risks
3. Watch Your Mood — Ask Opinions
These steps can improve overall market feeling, but you have to train intuition and spend time on markets to find it's patterns. This require experience, so spend time to learn and try different things. Do not rush "all-in" if you are newbie, small is big in the trading.
Peace and have good profits. Stay tuned to Artem Crypto.
P.S. Bitcoin next stop could be near 100K, not joking.
remember this chart?
Good luck :)
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📚Books to read https://t.me/ArtemCRYPTO/3434
𝗝𝗼𝗶𝗻 𝗔𝗿𝘁𝗲𝗺 𝗖𝗿𝘆𝗽𝘁𝗼 𝗙𝗮𝗺𝗶𝗹𝘆:
📊Telegram Channel https://t.me/ArtemCrypto
🗨️Chat https://t.me/ArtemCryptoChat
📔Direct/VIP https://t.me/ArShevelev
Comments
we should not forget to ask ourselves, where in the cycle we are?
having this question in my mind, I've attempted earlier to present psychology cycle using technical analyisis, can come in handy :-)