this is an example of how the mass think and why the mass always lose Avoid thinking this way and you'll do better than most traders on CT be smarter than the mass and zoom out to see the bigger picture
This isn't FUD, it's just to give more perspective I can't predict the future, I don't know what tomorrow's price will be etc but what I know is to be prepared for any scenario and to zoom out to avoid being too caught up with my emotions and bias educational purpose only
educational post on $BTC 1h chart this is where most novice make the wrong decision trying to go long thinking it's gonna pump more cuz they missed out on previous pumps and then they get rekt
and another FOMO trader type of thoughts that you definitely want to AVOID (I posted a FOMO vs JOMO educational content previously, feel free to check it before or after checking this one)
read the text in the chart instead of being a FOMO trader, be a JOMO trader (reasons are written on the screenshot) I hope this will help you FORTIFY your MINDSET and make you heal from your scars (losses) u have the capability to shift ur mind and to become a healthy trader
with the T.A & tutorials u see online, we often have those type of expectations (and I've fallen into it too that's why I'm writing about it) EXPECTATION VS REALITY price doesn't just simply go up and down sometimes it goes sideways and u gotta include this in ur observation
Everything is written on the chart already Just read it, take your time to understand the psychology the only thing that's not written on the text is Stop loss, it's good to have a stop loss at the initial entry, stop loss above the previous high for the pull backs, you need to adjust according to your entry, according to how much you can afford to lose this is...
29k couldn't be the bottom, because everybody on twitter were 100% convinced that it would be the bottom the mass never wins the mass is never right I hope you keep on learning and growing whoever tryna predict the real bottom will just have a more biased analysis which can be deadly, observing should always be done with OBJECTIVITY look, $LUNA dived from 119$...
May 3rd, 2022 I've tweeted that Alt coins could go down -80% to -90% from their ATH this happened quicker than expected today we have $LUNA reaching -88% down from ATH
well, that was a fun one insane short on $LUNA so many people would not believe this scenario and now that it is, there's nothing they can do but to accept it
as predicted, the pump was indeed an exit liquidity pump/relief rally I hope you haven't FOMO and if you are shorting, GG :)
this is to give you more perspective Observe, see things as they truly are, not as how you wish them to be read the text in the screenshot don't be a permabull nor a permabear. Question everything, never be too confident about a "bottom"
Total crypto marketcap where do you think it's going next ? 4T or 1.2T ?
what about now ? well, there's still more room for $SAND to fall it's either the price does a double bottom now and goes back up in a healthy way (meaning reversal to the upside) or it could dive (or slow bleed) to 1.20$ ~ 0.79$ nfa dyor I could be wrong, u know :)...
you'd think that a bear market is a downtrend ? well, no, a downtrend is a downtrend a bear market, is when retails have CAPITULATED, when prices dump and doesn't bounce back hard, when prices keep on moving sideways, CONSOLIDATING, making traders lose their mind for months/years, because everything is moving sideways, no big short to play, no big long swings to...
how low can $BTC go? This doesn't mean it WILL but it determines potential MAX PAIN $BTC in the past has shown that it could potentially dive to -70%, -80% from ATH nobody KNOWS what's gonna happen but DCA is key if u believe in crypto long-term, then u don't go all in, u DCA
Had fun making this as I believe almost every novice trader will be able to relate if you can relate, then you got a lot to work on, which is good Here's an example of what kind of mistakes a novice trader does. avoid those mistakes and if you have done those already, then stop doing that you got the wrong mindset zoom out, journal your trades the same way and...
this is NOT a prediction yesterday, I woke up from a dream and in my dream, I saw this chart I thought it would be fun to re create it on Tradingview, I might have spent too much time charting so now I my dreams are about T.A ... NFA DYOR