#BTCUSDT Analysis, Read this if you lost money..
Updated
READ THIS IF YOU LOST MONEY:-
First of all, I need you to step back for a while and take a break if you lost money.
If you got liquidated this is a lesson for you and all of us.
To keep minimum funds on futures,
To always use not more than 5x leverage if you are a bit experienced if not you must avoid leverage and stick to the spot trading.
I know how it feels to hit the ground and blow the whole account by gambling on shitcoins on leverage.
Now I don't keep more than 5% of my portfolio on Futures.
I had done bad trades too. Had to book losses. It's alright, we will learn from our mistakes and on with new energy and enthusiasm.
Let's get to the chart:-
BTCUSDT broke below 52k which is something that even I didn't expect.
A coordinated dump to 40k wiped out all the gains made by traders in the last few weeks.
Holidays have already begun and I don't expect a lot of volume in the market so a sideways movement in the market ranging from 43k to
49K is highly likely.
Secondly, BTC did hold the 200D MA daily which is a good sign tbh.
The upper resistance levels are 50k, 52k 54.5k.
BTC Needs to get above the 52k level to start the bullish momentum/.
The market is full of fear from an investor's perspective this is the best time to start entering into altcoin positions on the spot and DCA in case it goes down.
The projects that you like.It's time to start buying them if you hold USDC/USDT..
ONE COMMON QUESTION IS, IS THE BULL MARKET OVER?
In my opinion, it's not over yet unless we go back below 38k which is the most important support level in higher time frames. BTC holding the
46K level has been one of the most bullish things that happened lately. The market was overbought and was ranging without corrections so yes a dump was possible but only when you least expect it.
Lastly, When things don't go as you expect, take a step back and relax.
Do some self-introspection.
Trading is more than just numbers, it's a lifestyle with a lot of discipline and focus.
I am not a guru or the perfect guy who never makes mistakes. I am just an ordinary guy just like you but one who never quits.
If someone tells you he sold the top and bought the bottom of the one who says I never make mistakes... either he is GOD or a lier...
I've always tried to learn from my mistakes and not to repeat them again.
Keep learning and avoid making mistakes.
One day you'' laugh at all the silly mistakes you are doing today while you celebrate your success.
And I know you can!
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
First of all, I need you to step back for a while and take a break if you lost money.
If you got liquidated this is a lesson for you and all of us.
To keep minimum funds on futures,
To always use not more than 5x leverage if you are a bit experienced if not you must avoid leverage and stick to the spot trading.
I know how it feels to hit the ground and blow the whole account by gambling on shitcoins on leverage.
Now I don't keep more than 5% of my portfolio on Futures.
I had done bad trades too. Had to book losses. It's alright, we will learn from our mistakes and on with new energy and enthusiasm.
Let's get to the chart:-
BTCUSDT broke below 52k which is something that even I didn't expect.
A coordinated dump to 40k wiped out all the gains made by traders in the last few weeks.
Holidays have already begun and I don't expect a lot of volume in the market so a sideways movement in the market ranging from 43k to
49K is highly likely.Secondly, BTC did hold the 200D MA daily which is a good sign tbh.
The upper resistance levels are 50k, 52k 54.5k.
BTC Needs to get above the 52k level to start the bullish momentum/.
The market is full of fear from an investor's perspective this is the best time to start entering into altcoin positions on the spot and DCA in case it goes down.
The projects that you like.It's time to start buying them if you hold USDC/USDT..
ONE COMMON QUESTION IS, IS THE BULL MARKET OVER?
In my opinion, it's not over yet unless we go back below 38k which is the most important support level in higher time frames. BTC holding the
46K level has been one of the most bullish things that happened lately. The market was overbought and was ranging without corrections so yes a dump was possible but only when you least expect it.Lastly, When things don't go as you expect, take a step back and relax.
Do some self-introspection.
Trading is more than just numbers, it's a lifestyle with a lot of discipline and focus.
I am not a guru or the perfect guy who never makes mistakes. I am just an ordinary guy just like you but one who never quits.
If someone tells you he sold the top and bought the bottom of the one who says I never make mistakes... either he is GOD or a lier...
I've always tried to learn from my mistakes and not to repeat them again.
Keep learning and avoid making mistakes.
One day you'' laugh at all the silly mistakes you are doing today while you celebrate your success.
And I know you can!
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
Trade active
BTC did hold the
48K support level.In the hourly chart BTC seems to be on the support trendline breakdown means 44k and if it breaks to the upside, 53k.
I'll wait for the breakout for any conclusion.
Stay tuned
Trade active
This is the latest analysis on BTC Click on the chart and read..
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