BTC, Frustrating market conditions.
Updated
Hello dear friends, I hope you're all well.
I'm currently working on refining my strategy.
I want to remind myself and all newcomers of some key points.
We all have some bad habits that need correcting to succeed in the financial market.
For example, the fear of missing out(FOMO) on market movements is common.
In my opinion, there are two types of FOMO: one when Bitcoin or a coin is experiencing significant growth and you miss out on riding that wave.
And the other when one or more coins reach a good price range. For instance, SAND, ADA, EGLD, FIL, ZIL and .... Most altcoins are poised for a bullish surge, but the uncertain conditions of Bitcoin and market indecision are preventing this growth.
If you're considering opening long positions on altcoins like SAND, FIL, ZIL, EGLD and ... , I recommend staying away from leverage and not forgetting about capital management.
Remember, we've caught several good downward trends, riding the main wave. Now, Bitcoin is in a frustratingly bearish channel.
If Bitcoin goes up (within the range of $73,000 to $76,000), I'll look for a range to open short positions. If Bitcoin goes down (within the range of $53,000), I'll look to open long positions.
While some individuals may have the ability to scalp or catch all the market's highs and lows, I congratulate them. It's not within my abilities 😂.
Every hour, a new analysis; every day, a new perspective. I haven't made any trades in 20 days. I've put some currencies on my watchlist, set alarms, and stepped back from the market.
Once the market trend becomes clear, my ideas will come into play.
Be careful
I'm currently working on refining my strategy.
I want to remind myself and all newcomers of some key points.
We all have some bad habits that need correcting to succeed in the financial market.
For example, the fear of missing out(FOMO) on market movements is common.
In my opinion, there are two types of FOMO: one when Bitcoin or a coin is experiencing significant growth and you miss out on riding that wave.
And the other when one or more coins reach a good price range. For instance, SAND, ADA, EGLD, FIL, ZIL and .... Most altcoins are poised for a bullish surge, but the uncertain conditions of Bitcoin and market indecision are preventing this growth.
If you're considering opening long positions on altcoins like SAND, FIL, ZIL, EGLD and ... , I recommend staying away from leverage and not forgetting about capital management.
Remember, we've caught several good downward trends, riding the main wave. Now, Bitcoin is in a frustratingly bearish channel.
If Bitcoin goes up (within the range of $73,000 to $76,000), I'll look for a range to open short positions. If Bitcoin goes down (within the range of $53,000), I'll look to open long positions.
While some individuals may have the ability to scalp or catch all the market's highs and lows, I congratulate them. It's not within my abilities 😂.
Every hour, a new analysis; every day, a new perspective. I haven't made any trades in 20 days. I've put some currencies on my watchlist, set alarms, and stepped back from the market.
Once the market trend becomes clear, my ideas will come into play.
Be careful
Trade active
Finally, the short-term market has defined itself. The downward corrective channel broke upwardsand I expect it to reach the upper bound of the main channel soon. I'll provide a detailed time analysis shortly.
Trade closed: target reached
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