Sleepless AI · It is all in your mindSee here the chart for Sleepless AI (AIUSDT). This is long-term.
Notice the volume this week. Really high bearish volume and a red candle. Why isn't this considered a bearish signal? Because the wick low this week is higher compared to the main low in June and the previous low in April. It can also happen that the week ends up closing green tomorrow.
A year long bear market leads to a strong bottom pattern and consolidation phase. It has been many months since AIUSDT got out of its downtrend, no new lows, but it isn't rising either. Things are about to change.
Speed
The market is already moving, it has been doing so for months. Maybe it isn't moving as fast as some people think but this is part of an illusion, how fast is fast? How are the impatient defining fast?
So it really depends on the definition and your expectations. Someone with the wrong mindset might buy crypto and think money is just around the corner, you get paid the next day. The truth is that it doesn't matter which market you are in, buying at bottom prices, holding in the market is what pays. Time pays.
Everything grows overtime; are you holding long-term?
A pair can grow 1,000% in 6 months but there is no profits for you if you sell each time prices drop, and buy each time prices go up. The only way possible to profit from a full 1,000% bullish wave, is to buy and hold long-term. Why? Because prices are growing daily and nothing happens in a single day.
It takes months and months of fluctuations; down and up. After the market matures; the chart matures, the position grows. It takes time but it works.
How to choose an altcoin
If you are confused by too many choices you are not alone. Let me guide you, it is an easy solution.
Calm, first. There is always time.
No need to take action right away, the market is not going away. If you don't know what to choose you don't have enough information, the cure is to read.
Read all the charts that I publish daily and with time you will know the pairs, learn the pairs and also know what to choose that will work for you. Nobody can choose for you. If someone else chooses for you, you will get their results. If you want to do good, you have to invest time, study, invest in your tools and work.
For example, you need a computer or minimum a laptop, with a smart phone it doesn't work. It might work for the basics, it might work to make money, but it not might work to achieve your goals.
If you are going all-in and you truly want to win; remember, this thing will change your life forever, then you have to invest all the time this business needs.
This isn't different to any other profession. If you are going to become an actor, you have to study, practice and work. Even with this effort it might not be enough. You might work hard and really want it but this might not be enough. Some people are born with talent and other people develop talent. It is all the same with trading.
In order to become a doctor, you have to study and work for years. It takes years of preparation to be able to perform a successful surgery, trading is the same. It will take years of planning, studying and preparation to make millions of dollars and keep it, and that's the trick, "keep it."
Thousands of people are making tons of money but they are giving it all back overtime. It doesn't happen in one night but they give it all back. How much profits will you secure in this winning cycle? Will you buy real state? Will you quit your job or start a second business? Will you retire for good and life a frugal life in a small Caribbean country?
Whatever you choose, the market is here for you and it is not going away. Since there is always plenty of time; learn to prepare, study, plan and trade. Money is endless. You can have as much as you want. It is all in the mind.
Namaste.
