Hello everyone,
this topic is bothering me very much. While i didn't want to give this any attention, i see more & more trading ideas popping up with traders
calling trend reversals on LUNAUSD based on falling wedges, inverse H&S and various other patterns that they're projecting into the market.
But let me tell you something - technicals (patterns & indicators) are powerful when a market is f.e. ranging or if the company behind the company is actually making some numbers. Technicals & fundamentals always go hand in hand. Use both of them in a matter that makes sense and you're going to be profitable.
But what is happening here on the LUNAUSD chart is very easy to spot. First, there's no liquidity in the market. All the liquidity you're seeing can be divided in two groups. Gamblers & those who burn Terra for UST while increasing the supply massively. This project is doomed - there won't be a turn back or any way to make things better. They'll just move on to the next project - give it a different name and hide behind the anonimity of the internet.
So you're waiting for your 2x return because some random guy on twitter told you that "the bottom is in" and in the meanwhile you're also taking the risk of a total loss because - i'm the random guy who's gonna call it - this is not the last crash for Luna.
Even if you're getting your 2x return - after this trade you're gonna look for another irrational opportunity in the crypto market and you're gonna gamble your whole stash again. MAYBE this works out again. But at some point, you'll fail and your money is gone. Why? Because you're gambling.
There are plenty of opportunities in the market. Good opportunities! Use these times to build a crypto portfolio with strong assets such as BTCUSD, ETHUSD, XRPUSD and all those other coins that are around for a few years now. Investing & fortune takes time & patience.
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
this topic is bothering me very much. While i didn't want to give this any attention, i see more & more trading ideas popping up with traders
calling trend reversals on LUNAUSD based on falling wedges, inverse H&S and various other patterns that they're projecting into the market.
But let me tell you something - technicals (patterns & indicators) are powerful when a market is f.e. ranging or if the company behind the company is actually making some numbers. Technicals & fundamentals always go hand in hand. Use both of them in a matter that makes sense and you're going to be profitable.
But what is happening here on the LUNAUSD chart is very easy to spot. First, there's no liquidity in the market. All the liquidity you're seeing can be divided in two groups. Gamblers & those who burn Terra for UST while increasing the supply massively. This project is doomed - there won't be a turn back or any way to make things better. They'll just move on to the next project - give it a different name and hide behind the anonimity of the internet.
So you're waiting for your 2x return because some random guy on twitter told you that "the bottom is in" and in the meanwhile you're also taking the risk of a total loss because - i'm the random guy who's gonna call it - this is not the last crash for Luna.
Even if you're getting your 2x return - after this trade you're gonna look for another irrational opportunity in the crypto market and you're gonna gamble your whole stash again. MAYBE this works out again. But at some point, you'll fail and your money is gone. Why? Because you're gambling.
There are plenty of opportunities in the market. Good opportunities! Use these times to build a crypto portfolio with strong assets such as BTCUSD, ETHUSD, XRPUSD and all those other coins that are around for a few years now. Investing & fortune takes time & patience.
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
