Jan 8th-12th 2024 Weekly Chart Analysis Current Possible Trade: Long: If Price stay around the doji candle and makes more market structure than I would take for confirmation entry long before I enter the trade. A. This would increase the probability of the trade Short Trades : I would wait for price to move down to the c.1 demand zone and look to entry on...
In the dynamic world of trading, it is widely acknowledged that strategy and market knowledge are essential for success. However, there is a critical aspect that often goes unnoticed but holds immense power in shaping trading outcomes: the psychological dimension. The psychological aspect of trading encompasses understanding and effectively managing emotions,...
I made a huge mistake when I first started trading – I jumped from one strategy to another, constantly searching for the "holy grail." I tried everything from signals and account management to mentorships and expert advisors. Each approach seemed profitable initially, but as soon as I invested more capital, I encountered significant losses. It was a frustrating...
Avoiding emotions in trading can be challenging, but it is essential for making rational and objective decisions. Here are some strategies to help you minimize the impact of emotions on your trading: - Develop a trading plan: Create a well-defined trading plan that outlines your goals, risk tolerance, entry and exit points, and overall strategy. Following a plan...
Hey everyone! I've been trading for a year now, and while I've had some successes, I've also faced some challenges along the way. I know I'm not alone in this, and I want to hear from you all too! I believe that we can all learn from each other and grow as traders, which is why I'm reaching out to the TradingView community. If you're comfortable, I'd love to hear...
I found out about Bitcoin many years ago when it was in prime time only to be associated with organized crime , scams, and money laundering. And that remained deep in my mind. Since jail seemed a bad idea, I convinced myself that crypto it’s not for me. As time went by, I didn’t see the good fortune because my mind was still relating Bitcoin to a dark area...
Think about a trading situation where you find yourself in a losing position without a stop loss. You have the option to take a certain loss or just continue to see what happens. Exiting the trade could help you minimize your loss, but why do you delay to make a move? Psychologists explained that we favor to believe that actions can do more harm than...
This chart lays out the different potential pivot areas for a bounce in the #DXY. Each pivot zone could be correlated with an emotional level of the market. We can see that the DXY has not yet reached the 0.618 Fibonacci retracement level. This obviously does not have to happen, however this could potentially outline that we are currently coming out of the anger...
This is more of a lesson on Psychology of Markets and how it can be used as confluence in helping identify bottoms. Crypto is very cyclical and there are tons of emotions involved, especially for novice members. Crypto also has many beginner investors that enter, as the user base is primarily younger generations dipping their toes in on perhaps generational...
Emotions in Trading VS Emotion in Life It needs to be understood that emotions are a part of life and can’t not be ignored or locked away. The important thing is how we deal with them. Do you let your emotions control you or do you take control of them? We first...
Hello Team, ---Trade Idea: Short Play: Bitcoin has formed another Bear Flag; this formation is a bearish pattern indicator. You can see the outcomes of Bear Flags in Bitcoins Past giving the short play a higher probability of occurring. We will wait for a confirmation break of the flag support to enter short positions to our 18.8K Target. As the price falls we...
Hello everyone, The title clearly asks a question that each of us should ask ourselves. I buy at the bottom and I don't wait for bigger drops, because in my opinion there may be no more of them! Today in the news, each of us read about Russia's invasion of Ukraine, which took place. The stock market reacted immediately, but was the decline strong in relation...
Hey, you dont have to do a trade now and fomo in you can also just take some time and watch out at what is going to happen don't be scared to miss out something. There are a lot of oppurtunities you can take advantage of. What I had to learn was not fomo in something just because it went up. A lot of people that were bearish saying BTC will go down to 20k are now...
Hello everyone, We are located in a key place for BITCOIN, and thus for all cryptocurrencies. We should watch this zone in terms of a possible local Double TOP. In that case, we should expect a drop, then a retest from below at $ 42.5k and a further slide. If the bears are defeated, I expect spikes even for the new ATH! The yellow lines are all the strongest...
Our Ripple token is in the place I expected from the bottom. We pierced the bottom line of the annual flag briefly, but fell out of formation and hugged underneath it. This is where everything will be decided. If we go up again and then break the top line of the flag, I will be very convinced of the increase to $ 4.5 However, if the bulls do not have enough...
Hello everyone, Bitcoin is down 42% It's a very good time to invest. If this is the moment of a price rebound, the profit can be very large. I consider it a safe entry, as whales and large companies (such as Microstrategy) have their average in these areas. The price may also go down which is very real but not to below 28k. Then we shouldn't worry, because...
The greedy pigs (that sounds so violent lol) might be very close to coming back. Pig is what are called greedy gambling type "investors" that join at the top of bubbles, not my word. "Bulls make money, bears make money, pigs get slaughtered", an old Wall Street saying. I recently saw a man talking to a homeowner outside not too far, asking him if he knows someone...
The last weeks it happend again, I saw some traders with less knowledge (young and old) who crashed their accounts very hard. They lost a lot of money and for some it was very dreadful! It is hard to watch this people how they burn money and bring even his own family in financial danger. That´s why I decided to share one important chapter from my book here to...