Markets is not the magic. They dont care about your emotionals. And usually they dont like simple patterns that can paint any moonboy.
* 90% of traders loosers
* 10% of traders winners
This is important conditions for market growths.
One question - Where does the market take liquidity to go long?
After long flat where we get liquidity to do x2 for all crypto?
The answer is simple - from the crowd. And here we have 2 ways:
* Buying all shorts to create FOMO and go long (usually at the top of the market like 2017 nov-dec)
* Massive sell-off to get liquidity from the crowd (usually at the bottom of the market)
If we will watch past expirience of Bitcoin - in the most cases we get liquidity from the SPIKES. Its massive sell-off where crowd sell all positions to the big players.
This is the most popular method to get liquidity.
You have a choice:
* Buy now and hope that price will go up (why? the market is not obliged to you)
* If market will go up - just buying first pullback (usually on FOMO market)
* If market will go down - you have a better prices in this correction (usually on bottom market)
Strategy for levels:
* If 5400 hold we go up
* If 5400 broke we go to 3000-3500
* If 7400 cleared we just buy first pullback
* 90% of traders loosers
* 10% of traders winners
This is important conditions for market growths.
One question - Where does the market take liquidity to go long?
After long flat where we get liquidity to do x2 for all crypto?
The answer is simple - from the crowd. And here we have 2 ways:
* Buying all shorts to create FOMO and go long (usually at the top of the market like 2017 nov-dec)
* Massive sell-off to get liquidity from the crowd (usually at the bottom of the market)
If we will watch past expirience of Bitcoin - in the most cases we get liquidity from the SPIKES. Its massive sell-off where crowd sell all positions to the big players.
This is the most popular method to get liquidity.
You have a choice:
* Buy now and hope that price will go up (why? the market is not obliged to you)
* If market will go up - just buying first pullback (usually on FOMO market)
* If market will go down - you have a better prices in this correction (usually on bottom market)
Strategy for levels:
* If 5400 hold we go up
* If 5400 broke we go to 3000-3500
* If 7400 cleared we just buy first pullback
Comment:
Time to get liquidity, right?
Comment:
We are in final stage of spike (I hope).
Comment:
Update Spike levels.
Comment:
The market continues to accumulate liquidity in the largest one-time sale with the extreme level of RSI. The deeper we go the more the fakeouts we will have. What we need to see to understand that this is the end?
The two best options:
* Big full bar with rise on $1000 minimum
* Big sell off with huge volume and rebound (until we even saw this close)
The two best options:
* Big full bar with rise on $1000 minimum
* Big sell off with huge volume and rebound (until we even saw this close)
