Hello Traders,
If you have been following bitcoin price movement especially since December 2017 when BTC made the first significant high close $20,000, you would understand that with crypto, anything is possible.
It took 7 years for BTC to move from sub $20,000 to $109,358 representing approximately 550% Return On Investment (ROI) for those that bought the high of December 2017 before BTC dropped to the low of $3,131.70 in December 2018, exactly a year after representing a drop in excess of 84% in a space of 12 months.
Are we going to see a similar drop in 2025? Maybe not but I have learn one thing about Cryto market, that is, investors are not stupid and they usually would like to buy the lows and sell the highs. It is a simple business logic and we see that happen with every commodity can can be traded in the forex market, including stocks, metals commodities and the likes and the footprint of the institutions, hedge funds and other market investors who have the financial muscle to move price in the market are everywhere on the charts.
One thing I can tell any trader who is still trying to overcome trading with emotions or probably still believe that Fundamental is everything when it comes to crypto market is to start paying attention to details and technical analysis more seriously. I can tell everyone for free that fundamentals are usually embedded in technical analysis but that can only be seen by traders who always pay attention to the bigger picture that only be seen on higher time frame as the nose level in lower times as the market usually looks choppy with countless candlesticks.
In my over 10 years of my trading journey, one thing that keep stirring at me in the face is the need to simply always do my job as a technical analyst, focusing on Higher timeframe *Weekly and monthly or higher) and wait for price to do its thing whilst avoiding the noise in Lower time from.
Patience always win in the market.
Trade carefully and apply proper risk management!
If you have been following bitcoin price movement especially since December 2017 when BTC made the first significant high close $20,000, you would understand that with crypto, anything is possible.
It took 7 years for BTC to move from sub $20,000 to $109,358 representing approximately 550% Return On Investment (ROI) for those that bought the high of December 2017 before BTC dropped to the low of $3,131.70 in December 2018, exactly a year after representing a drop in excess of 84% in a space of 12 months.
Are we going to see a similar drop in 2025? Maybe not but I have learn one thing about Cryto market, that is, investors are not stupid and they usually would like to buy the lows and sell the highs. It is a simple business logic and we see that happen with every commodity can can be traded in the forex market, including stocks, metals commodities and the likes and the footprint of the institutions, hedge funds and other market investors who have the financial muscle to move price in the market are everywhere on the charts.
One thing I can tell any trader who is still trying to overcome trading with emotions or probably still believe that Fundamental is everything when it comes to crypto market is to start paying attention to details and technical analysis more seriously. I can tell everyone for free that fundamentals are usually embedded in technical analysis but that can only be seen by traders who always pay attention to the bigger picture that only be seen on higher time frame as the nose level in lower times as the market usually looks choppy with countless candlesticks.
In my over 10 years of my trading journey, one thing that keep stirring at me in the face is the need to simply always do my job as a technical analyst, focusing on Higher timeframe *Weekly and monthly or higher) and wait for price to do its thing whilst avoiding the noise in Lower time from.
Patience always win in the market.
Trade carefully and apply proper risk management!
FINSPOT ACADEMY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FINSPOT ACADEMY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.