The Daily + 4 hour chart update + PSYCHOLOGYFolks,
To be honest on the shorter time frame I was a little bit surprised by the move upwards from bitcoin..
This is an another example of reading the charts some way and the price moving the other way....
Every candle (weekly, daily, 4 hourly even hourly charts) WE CAN'T KNOW WHAT IS GOING TO HAPPEN!!
And do you even NEED to know what is going to happen to make money?
I tell you a little story.. I was already familiar with trading but I started trading cryptocurrencies last February 2021...
I didn't know anything about technical analysis or something.. BUT I made more money in the that fase of trading than lately..
And that is because when you dive ( heavily) in to Technical Analysis you are starting to start READING the charts and I was thinking oo this pattern is showing or this is happening ooo price needs to fall I need to wait to jump in the trade.. So I was trading my beliefs and that was fear so I started missing out most of the impulse moves because the price did other wise..
When I started buying crypto I didn't know anything about charts, technical analysis or somewhat so I bought randomly and that made me even more money because I traded out of the belief he I can make money out of the crypto and did not know anything about FEAR!!! O no don't buy because we hit resistance price must fall or .... etc.. fill in the blank..
So my lesson is that I have developed a RELATIONSHIP with FEAR... I EMBRACE it know.. I know I am going to lose but also going to win.. I promised myself when I lose cut the loss and when I win pump the win..
That is a different mindset.. So when I am in a winning trade I don't think about what is good point to take profit no I think what is a good point to pump in more money!
BEING NORMAL ISN"T GOING TO MAKE YOU MONEY. I DON"T WANT TO BE NORMAL.
I promised myself that I read only 1 book about candlestick theory + 1 book about technical analysis + 1 book about the wave theory and the rest of the books are to work on my PSYCHOLOGY in trading and monitoring myself how I think while I trade..
Because to know more is not always in your advantage..
Feel free to comment/ Thumbs up for the chart or if you like my way of thinking/ Follow for more to come..
