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Fomo

Is it okay to FOMO?You need to look at price action, and specifically, Heikin Ashi candles along with the Volume Indicator to tell you whether it's okay to FOMO. Use lower time frames to get in quicker. Mostly, I never recommend it, but sometimes where there is strong buying and a clear trend change, a dip might not come for a while. And when it does, because it went up so fast, it can usually lead to a downtrend so you have to be careful. Especially in crypto where there is Bull Trap manipulations upwards. However, the Volume Indicator can tell you if the bears have lost, which on the left hand side, they clearly lost as we went from Green to red to immediately Green again, showing the strength of the Bulls.
Education
by reiiss7
3
#NOFOMOAs BTC rises, here comes the tricky bit for Bitcoin watchers. DO NOT GET FOMO bro's! The Moonbois and Youtube influencers cry that we will never see $35k again. Just like they did last time. "The bottom WAS in! Hurrah! Hope you bought the dip!" they say............ "Off we go to $275,000, $350,000" or whatever nonsense they were peddling last year. Let's look at some hard facts. They were all wrong. None of them predicted another collapse to $33k. Me and @Mayfair_Ventures did. Here is proof: We are not geniuses, but we do look at the price action. It has been amazing as the institutional entry into Crypto (and especially BTC ) has had the effect we predicted, not the effect the gurus predicted. They said: "Institutions entering the market = MOON!" We said "Institutions entering the market = BTC starts behaving like Forex and Commodities". It's great really, because it makes it far more predictable, and it has behaved really well. The chart show the blue Monthly Elliott Wave plot, showing us that we are in a 3-4 downward move. You can see the weekly wave in white and the daily green Elliott Wave within the weekly 4-5, which was a weak 5 as we predicted. Why am I writing all this? BECAUSE I DON'T WANT YOU TO DO A LOAD OF FOMO BUYING! The 3-4 monthly move will very likely be an A-B-C move as shown. I have placed 2 different B's on the chart. @Mayfair_Ventures thinks the lower one at around $48k. I think that we will get to $53k. My reasoning is that the market is way crueller than even @Mayfair_Ventures thinks, and the hype is hypier in BTC than anything else. The rally has to be convincing to fool you all. It is a psychological trap for all of you. You can actually see it playing out right now. The A seems to be in and now we get the A-B move which fools everyone into thinking that the bottom is in and the momentum is building for a new ATH . It's your psychology that is making you think that, along with 90% of other retail traders. Your FOMO will build and build till you panic into BTC . I don't know exactly when you will crack, but crack you will. Be Patient The C will come and then you will be a lot safer when you buy. We will be buying with you at that point. We are bullish just not here! Spread the tag, help your friends. Look at our track record at Mayfair. Keep hold of your money and don't give it to the manipulators. #nofomo
COINBASE:BTCUSDLong
by Paul_Varcoe
18
Dangerous/exciting resistence zone for Bitcoin / USDThe latest days the Bitcoin price has really shown strength. I know that a lot of traders have taken good profits from these movements. Also another group off people will probably show FOMO-action and will jump right in because the price is moving and they don't want to miss possible gains. Thats what FOMO is. However, watch out by stepping in now and take a sudden long position because of FOMO. Just have patience for the right confirmations. I say this because the price is hitting a crucial resistence-zone. When you take it a little further in the chart. Around january 2021 you can see the yellow-circled zone where the price bounced off this resistence-line (the same where the price is right now!), resulted in a drop of almost 27% to the 28900 prive-level. This price action was created in a bull-market. Around june 2021 the same thing happened. See the yellow-circled area in the chart. The price action was created in a bear market. Which is quite similar to the situation where we are in right now, where the price came down all the way from 68000. The orange-cirled area are showing no real heavy pull-backs though. So there could be a small chance that we will see bullish momentum, but for now.... i doubt it. Corrections are part of the game. Especialy when the prices hits like the last 2/3 days. In my opinion we should wait to get a retest of the 39000/40000 area before jumping in again. And search for possible long around there. If this level will not hold, we probably have to retain the 37000 level. And when this level doesn't hold I assume we will get to the 28900 prive-level and search for longs there. I just want to remind people .....DO NOT step in because of FOMO. Zoom out, and make the right deciscions. Always use a stop loss.
BITSTAMP:BTCUSDShort
by finaboyy
BTCUSD New Altcoin SeasonHi, The blue chart is the 4-hour bitcoin dominance from January 16. All small fish see highs as selling opportunities. -Purge of impatient little fish- 39K is a level we get rid of them. Now the price will search the bottoms to find its new buyer. Afterwards, I think that the quickly lost levels will be regained. Smart money will create FOMO if it plans one last hit here. If people fleeing inflation data want to protect their money, they should be given a more cautious emerging market. So what does the market maker want? Although it is impossible to know, they are whispering to us about the bitcoin dominance. If we see bitcoin price rising while bitcoin dominance is falling, that would be an excellent signal for altcoins. It is not investment advice, take it easy.
BITSTAMP:BTCUSD
by CengizhanS
GO LONG TOMORROW ... AFTER 12 AM EST SNIPER ENTRIES ARE OVER.FOMO doesn't see inflation as a problem right now as CPI is steadily increases. The Feds will tighten policies with the help of Job Biden new appointees. This will cause the US stock market to fall further. A hawkish projected FOMO will cause a major bullish move for DXY-If interest are actually raise tomorrow- Powell has hinted this in the past. An immediate increase may cause a drop that may crash the us stock market. Tomorrow is 100% macroeconomics in full effect. DXY just recovered from an overbought resistance level. Right now is too soon to expect a major bearish move. Retail traders will analyze this as a perfect bearish move. The bullish spike will hit all stop losses.
Long
by unavailabletrader
4
The start of a long train of woes for housingThis one will be super simple, not much to be stated here. With big corp and foreign investments going into housing not just in the states but globally, we are seeing some really crazy stuff in housing. This chart looks at new one family houses sold vs new housing permits and privately owned housing units total. In my honest opinion housing is, like everything, in a bubble and worse off it's reflecting the fomo that was in the markets prior to the downturn. Sadly I dont see an end to this housing insanity, not until a new economy rears it's head. This is only adding to the bond issues.
FRED:HSN1F
by Joshuakm
Buy the DIP! BTC TECHNICAL ANALYSISHere are the support zones for BTC The lines that are larger represent the max support/resistance The lines that are thinner represent the start of the support/resistance If we go under this current support zone things could turn ugly quick. The trend line would be hit making prices go back up to the past support and now resistance. Then that would bring us back down which could possibly break the trend line. Split your capital for these support zones. Unless it comes back up soon, which if it does make sure it breaks a resistance zone and makes it support before putting in the rest of your capital.
by pastworks
Have More VisionI see a lot of trend analysis on this site that focuses on 4hr time frames, or 1hr time frames, or *cringes* even 1 minute time frames. These analyses are meaningless because they don't account for the greater trend path of BTC and the crypto market. Things are going to get bigger, not smaller. Check the projects you are in, do you think they will be around in the future, do they have reason to continue existing? If you really want to make long term money in this market, you need to learn from your mistakes, I made thousands this year YOLOing into things in DeFi, only to have all that become unrealized gains due to a single bad trade. Where did I go wrong? I forgot the fundamentals of trading in a volatile, emerging, but rapidly growing market 1. Follow the trend 2. Only invest in projects that actually have a long term future 3. Yes it really is a popularity contest People meme on SHIB and DOGE and the GameFi coins all the time, but the thing is, these are going to become the future of crypto. No average person cares what the fundamentals of the underlying blockchain are, they don't care how much faster the hashrate or confirmation time is, all they care about is one thing what can they actually do with that coin SHIB has a DeFi swap you can farm yield on, so what can you actually do with SHIB? Earn passive income DOGE has a fast and relatively cheap transaction network, but its biggest strength is its sense of community, if you invest in DOGE you feel like you are part of something, and that means a lot to investors GameFi anything GameFi will be massive if its built by a solid team, don't believe me, check this out: www.investopedia.com The video game industry is expanding at a rapid pace, it is not getting smaller. $155 billion in revenue in 2020 and expected to expand in the coming decade. I don't know why people think these coins are a joke For years we have spoken of mass adoption coming, and now that we are on the cusp of it, people complain that popular fun coins become real investment opportunities? It doesn't make any sense to me. My trend analysis is based on one thing only, the long term greater trend of BTC. Anyone thinking it dumps to 20,000 from here is just in panic mode. Learn from my mistake, and probably yours too; stop thinking short term. Think longer, and don't forget to actually take profit. If you find yourself thinking 'but what if it goes higher' - the second you think that - sell sell sell Anyone reading this lets agree now we never FOMO ourselves out of gains at the top of a pump. Patience is key.
BITSTAMP:BTCUSD
by BarryMcKokaner
2
GOOD REACTION IN DUMP AND CORRECTION 😍when market have correction or dump people scared and sell portfolio and same place market come back and who sell portfolio, buy again in pump and this happen repeat and repeat to zero portfolio... Please read this part carefully , When market have a correction you must buy more and wait for come back and get profit to this correction instead of sell portfolio and think market will have bear season to this time , So now buy more and wait just this no more . Remember market in any time have new trend and never Fixed in one trend , You must smart and think about market and news and charts next select good position ! NOW If we can't understand chart or market condition , what we must to do ??? Answer : You have nothing to do , Sometimes we must just watch and wait to good place for login and each time feel market have bad trend and you can't understand that , just sit down and noting to do just watch !!!! Cryptocurrency market have a more than 12.000 coins and token and we can't keep all and get all profit , So make your watchlist about 10 to 20 for starts and check that . Have a good times guys :)
by ABOLFAZLVAZIRI
BTC is ready to explode. Heres some thoughts to consider. Happy Thursday Everyone, I thought I would share a quick update on BTC from several perspectives. I track traditional equities and macroeconomic trends as closely as I track BTC and Ethereum so I hope this analysis adds a little value to your research. Its almost impossible at this point to find a single notable bearish metric for BTC or Ethereum from a fundamental perspective. Although this chart is for BTC, I feel that aside from the chart analysis, everything listed below applies to ETH directly as well. From a technical analysis perspective, we see previous resistance flipped to support. Healthy volume and sideways accumulation above a traditionally extremely challenging level of resistance. On chain data suggests that this recent price action is almost purely driven by long term investors and “strong hands”. I generally tend to avoid indicators like MACD and RSI at this point. We are technically still in a price discovery phase, so indicators like the RSI and MACD tend to break down in these levels. I prefer to focus on the assets respect to its current price channel and how it reacts to its locals levels of support and resistance. Keep it simple. No need to over analyze price discovery. We just need to observe its price action. Notable On Chain Metrics -Supply shock ratio highest since 2017 -Highest exchange outflows since 2018 -Illiquid Supply at ATH -Long Term Whale Addresses at ATH Macroeconomic Perspective The Fed announced yesterday that they will begin tapering at a slow rate beginning as early as the end of this month. The Fed is expected to cut Treasurys by $10 billion a month and mortgage-backed securities by $5 billion. Tapering is expected to continue through Q3 of 2022. On the surface, this may appear bearish for BTC but it is actually bullish due to the fact that the Fed has essentially forecasted how long they expect inflation to be out of control without outside intervention. I see this as a major catalyst to BTC once the market has a chance to digest this. With that being said, this could strengthen the narrative of those who believe in a lengthened cycle through 2022 We have yet to see retail traders start to step in, FOMO hasn’t even begun yet and media coverage, for all intents or purposes, has been relatively quiet. We are in the eye of the storm at this point. Fasten your seatbelts and enjoy the ride.
COINBASE:BTCUSDLong
by ChimeraHoldings