When someone asks me how the retail trader is supposed to ever beat the whales. My consistent answer is always to look at the bigger picture. You will most likely and statistically lose in the long run when trading shorter time frames. This is especially prevelant in todays crypto market.
The markets are a mass collection of people expressing emotion. Those who are able to see the bigger picture and see the through the emotions and trade simply statistics and facts will win more often than not.
Thinking back from previous years lows, saying the 2021 year low will become 10k is no where near out of the question and going back to what I said a few seconds ago, being able to see through the emotions and simply trade on facts and statistics will mostly result in a bigger account.
Alts like XRP trade very close with BTC so it is very important to include a bigger picture analysis of it counterpart. I think BTC will see a low of 17-18k sometime this year.
Just a couple months ago we were all anxious to hit the sell button when BTC made an ATH of $30k, then $50k, then $60k!
I think that this intense runup in such a short period of time made it easier to see what the inevitable future will likely hold.
Making a bottom of $18k does not mean we are in a bear market. Again look at the bigger picture...
The markets are a mass collection of people expressing emotion. Those who are able to see the bigger picture and see the through the emotions and trade simply statistics and facts will win more often than not.
Thinking back from previous years lows, saying the 2021 year low will become 10k is no where near out of the question and going back to what I said a few seconds ago, being able to see through the emotions and simply trade on facts and statistics will mostly result in a bigger account.
Alts like XRP trade very close with BTC so it is very important to include a bigger picture analysis of it counterpart. I think BTC will see a low of 17-18k sometime this year.
Just a couple months ago we were all anxious to hit the sell button when BTC made an ATH of $30k, then $50k, then $60k!
I think that this intense runup in such a short period of time made it easier to see what the inevitable future will likely hold.
Making a bottom of $18k does not mean we are in a bear market. Again look at the bigger picture...
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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.