Don't Jump the Gun - Patience we will find a bottom
Last time we bounced from 5.8 we continued to rally unto 20k. There we have some heavy support and supply zone. We can also see the we have bounced around this area 3 times or so since falling from the top of the mountain that is known as 20k. Daily RSI also heading into Oversold Territory.
That being said any bounce we have will be short lived compared to the carnage we have thus far suffered. It's not time too moon, the Crypto Marketplace is heavily watched these days , full of noob's who got in with the expectation of getting rich quick. Remember when you make money trading you do so because others loose some and vice versa. Not everyone can win least of all the general masses of retail buyers and such.
I am just going to remind you guys just as I remind myself at the same time to be calm and patient. Crypto is not going away overnight but it could be wrecked for the foreseeable future.
Opportunity is still exists , just look at all those big ass bears who profited off all the people who became blind once we started to moon.
Don't try to control the market, control yourself. Instead of investing hours upon hours into reading the market and various signal, also dedicate a few to getting to know yourself better. Only then can you begin to reprogram the bad habits you have learned that costed you emotional pain and money so far.
I know it might sound cheesy, but alot of us people who trade are addicted to stimulus just like the kids these days and how they get a rush of dopamine every time a bell goes off and they get a update of social media. Just like good ol Pavlov and his dog. simplypsychology.org/pavlov.html
You won't ever beat the market but you can make it so that you become disciplined in order to minimize risk and learn to trust yourself! Great traders like anyone else who is achieving great things in the respective fields are in touch with there inner voice to some degree.
Be careful of how much you listen to others. Focus more on your own research and findings, even when you loose you will win. If you just follow it's like doing Mathematics without the equations, even if you win some its not based on anything other than luck you can't recreated it.
That being said any bounce we have will be short lived compared to the carnage we have thus far suffered. It's not time too moon, the Crypto Marketplace is heavily watched these days , full of noob's who got in with the expectation of getting rich quick. Remember when you make money trading you do so because others loose some and vice versa. Not everyone can win least of all the general masses of retail buyers and such.
I am just going to remind you guys just as I remind myself at the same time to be calm and patient. Crypto is not going away overnight but it could be wrecked for the foreseeable future.
Opportunity is still exists , just look at all those big ass bears who profited off all the people who became blind once we started to moon.
Don't try to control the market, control yourself. Instead of investing hours upon hours into reading the market and various signal, also dedicate a few to getting to know yourself better. Only then can you begin to reprogram the bad habits you have learned that costed you emotional pain and money so far.
I know it might sound cheesy, but alot of us people who trade are addicted to stimulus just like the kids these days and how they get a rush of dopamine every time a bell goes off and they get a update of social media. Just like good ol Pavlov and his dog. simplypsychology.org/pavlov.html
You won't ever beat the market but you can make it so that you become disciplined in order to minimize risk and learn to trust yourself! Great traders like anyone else who is achieving great things in the respective fields are in touch with there inner voice to some degree.
Be careful of how much you listen to others. Focus more on your own research and findings, even when you loose you will win. If you just follow it's like doing Mathematics without the equations, even if you win some its not based on anything other than luck you can't recreated it.
Keep you updated