Fear
Bitcoin - Mandy's CreationGood evening my friends,
I named this Mandy's Creation because it was her who picked the color theme for this post!
The chart explains most of it, but to sum it up, we still have heavy bearish signals and I do not expect the price to pump back up just yet.
The same way it looked earlier today that it was gonna go up and we came to a lower low, we can look like hell tomorrow and go up, anything is possible. But to push back up to anywhere near $60k we must have some of these TF turning up again. Specially the 3D that just started and isnt even thinking about turning back up.
Lets see what the new day brings with a new 4D & 8D as well.
Trade thirsty, my friends!
Fear&Greed index is extremely low, Will 20 weekly EMA save us ?Fear and Greed Index is at extreme fear now at 20, and it will go lower most probably by the close of today. I am longing BTC heavily now with a stop low below 20 Weekly EMA at 45,000 if we close daily below it.
20 Weekly EMA has been supporting BTC for the previous bull market , and with this very low Fear and Greed index , it makes so much sense to buy now. ( Buy with others are fearful , Sell when others are greedy ).
Let me know what you think , Will the 20 weekly EMA save us this time too , or this is the end of bull market ?
Nasdaq Falls on Mounting Inflation Fears The Nasdaq composite took a sharp dive yesterday as tech stocks continue to reel from growing inflation fears. The newly developing downtrend is likely to probe even lower in the near future as the global recovery heats up.
This downtrend is emerging from the Double Top pattern just above the psychologically significant resistance level at 14000.00. Moreover, the breakdown occurred from an Ascending Wedge pattern, making it an even more prominent bearish movement.
The price action went on to break down below the resistance-turned-support level at 13550.00, which represents yet another major bearish indication.
Notice that the initial breakdown (below the Wedge) was held back by the 100-day MA (in blue). Afterwards, the price action established a throwback to the lower end of the Wedge from below.
Once the downturn was renewed, the price action penetrated below 13550.00 and is currently testing the 200-day MA (in orange). This floating support represents the last potential turning point for the downtrend, making it a last resort for the bulls.
Unless a major rebound takes place immediately, the price of the Nasdaq may fall as low as the next major support at 12800.00, or even the 23.6 per cent Fibonacci retracement level at 12284.99, before the IXIC finds the necessary support.
At present, there doesn't seem to be any potential catalyst in sight that could prompt such a rebound.
Most common mistakes in tradingHello my friends today i want to talk with you about most common mistakes in trading from my experience (any market but specially in crypto)
And after reading this i hope you will avoid them
1- Not Patient Enough :
I think this is one of top major reasons for failure in cryptomarket
Most newbies in this Field are thinking they will be rich in few days thats completely wrong ...Any old trader here will tell you how the patience will paid off
2- More Than You Can Afford To Lose :
only risk what you can afford to lose ...
more than that will lead to alot of mistakes and you may close your position after any small drop before reaching stoploss point and thats wrong my friends
3- Not Using Stoploss :
Stoploss is important but i recommend manual stoploss by candles closing not automatic one to avoid manipulation in market.. if you dont know difference between manual and automatic read my previous idea about it
4- Over Trading :
Alot of trades every day wont make more money ...instead, it will make you more stressful and staring at charts all day resulting in more mistakes
👉Fewer in numbers and higher in quality trades per week or even month are enough
sometimes best thing you can do is not trading at all when market is uncertain
5- Emotional Trading :
Both fear and greed play big role in the market movement
When you see most of people are greedy you should start taking profits partially ..and also try to avoid selling during panic sells
6- Revenge Trading :
Like using all wallet to buy one coin (all in) or doing high leverage postion to recover losses fast usually end in liqudation or big lose and leaving market completely
This market need you to be flexible
7- Ignoring Your First Plan
alot of very good plans and managements from start but you continusoly change it by listening to other random people opinions
trust in your self and trust in chart
no problem from taking advices from more experience people but you should trust in yourself first by have your own view and own plan
How many mistakes you find yourself doing it ...choose the number from above and tell us in comments
SPX vs Volatilitya different perspective of equity markets performance ,
market is beating the covid-19 fear ,
but ongoing recovery seems too optimistic for now , many stocks have unrealistic overvaluations and many of them have undervaluations as well.
entire global markets could go deeper corrections & rebalance before the next robust recovery.
trade at your own risk.
good luck.
FEAR or GREEDFear and greed are 2 of the most common emotions that traders experience.
Manage your fear because acting out of anger or fear will destroy your chance of success.
Control your greed because the market will always be there and offer more opportunities in the days and weeks ahead.
Eliminate these 2 emotions while trading.
Frequently Asked Questions
Why are fear and greed so important to market psychology?
Many investors are emotional and reactionary, and fear and greed are heavy hitters in that arena. According to some researchers, greed and fear have the power to affect our brains in a way that coerces us to put aside common sense and self-control and thus provoke change. When it comes to humans and money, fear and greed can be powerful motives.
How do fear and greed affect markets?
When people are overtaken by the power of greed or fear that becomes rampant in a market, overreactions can take place that distorts prices. On the side of greed, asset bubbles can inflate well beyond fundamentals. On the fear size, sell-offs can become protracted and depress prices well below where they should be.
How can traders take advantage of fear and greed in the market?
Fear and greed create overreactions, which means that savvy traders can buy oversold assets and sell overbought ones. Adopting a contrarian strategy can be a good idea, whereby you buy when others are panicking - picking up assets while they are "on sale", and selling when euphoria leads to bubbles. At the end of the day, however, it is human nature to be part of a crowd and so it can be difficult to resist the urge to deviate from your plan.
How can one measure the level of fear or greed in the stock market?
There are several market sentiment indicators one can look at, but two specifically interrogate the emotions of fear or greed. The CBOE's VIX index, for instance, measures the implicit level of fear or greed in the market by looking at changes in volatility in the S&P 500. The CNNMoney Fear & Greed Index is another good tool that measures daily, weekly, monthly, and yearly changes in fear and greed. It is used as a contrarian indicator that examines seven different factors to establish how much fear and greed there is in the market, scoring investor sentiment on a scale of 0 to 100.
All the information was taken from Investopedia open source.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
BTC big shortFinally something big is coming up and it is a short opportunity for BTC. As you can see there is huge bearish divergence on RSI, bearish divergence on MACD, all on daily chart, what did not happened for very long time. Everybody is bullish on social media, red laser eyes and another shits but BTC need correction and it is irreversible and necessary. My targets and potential levels are two. First around 40k (Im sure that will happen) and second what im not sure if happen is 20K. On weekly chart is also huge bearish divergence on RSI, what can also tell you that everybody should be aware of dump.
It is really good for BTC that institutions are buying and everybody want bitcoin, but what will happen if they start to be in loss after btc bitcoin dump ? If they sell, we are gonna have a big problem. So there is also question, what reaction of big institutions will be after big starts dump, if they will have balls to hold it or they start to sell and big fear will spread into the market.
If anybody finds my thought helpfull, please iam welcomed for btc gifts :D
my btc wallet:
bc1qq5tplyvek08rzpldz8dnnx2zqmhlx4swxevft4
Say it with me....au·dac·i·tyNo charting today just some good Sentiment for you to consider...Stay Calm, Stay Humble, Stay Focused.
Good Sunday to all the followers and supporters of TheShark. Its appreciated and I continue to try to add value to assist you along your journey of these amazing market cycles. I have received close to 20 emails in the past couple hours. I respect the worry and fear that many of you are feeling right now. Truth be told its a legit worry and the risks are huge in crypto. Lets get something straight if you have the audacity to make and expect the kinds of returns that crypto has gifted many of us with you must understand the risks associated. I wish assets like ETH and Bitcoin could just climb forever and never look back but that is just simply not how free markets work. If you want the chance at generational wealth you gotta have the guts to buy this stuff when no one else will. Buying the crypto covid crash was one of the scariest moments of my entire life. However this was the best decision I ever made except marrying my wife who gifted me with a house full of little girls ;). Do you find it odd that so many of the traders and youtubers are all so negative right now about crypto? I haven't seen it this negative since Covid. This should be your very first clue that we are ready to rally again. So many say they will buy the dip but lack the fortitude strength to push the button.
Did you see ETH bounce off the ETH/BTC .030 mark like I mapped out last week? For the most part Shark Supports on both Bitcoin and ETH held up just as suspected. You can never be perfect in trading but the quest is to get close. I strongly suspect that this last swell downward will be our last downward move before this market just takes off again. So if you're still here with me compliment yourself for hanging tuff I know how stressful this can be and emotionally how taxing this stuff can be on life, family and your happiness. Remember that anything worthwhile comes with risk and comes at a price. Sacrifice brings opportunities to the few willing to take the risk. For the faint of heart you would do well to not check your account balances today. Shark is going to hop on the phone and get the whales on board. Don't think I won't!
Is 40k on Bitcoin still in the realm? Yes is possible. Is ETH 1100-1200 still on the table, it sure is. Will you ever bottom these Assets perfectly? NO. But Shark is going to get on the phone and I'm telling you I bet we don't see these levels today and that next week we seatbelt up and start the next summit higher. This big move could even start late afternoon or evening today. I have some good charting indicators that support this too. I feel like trading view does a great job showcasing every traders ideas thru charts but this game is not all a science. There is an art side and an emotion side that doesn't get told enough on here. Charts don't give you the guts to step in or the strength to hang on. Ask yourself can I hold my position until the end of May or First part of June? If your answer is yes I really think you will like the outcomes of where this market is headed. If I helped you in anyway today or the countless charts I posted last week hit the like follow the Shark and join the Shiver. I don't regret any moment of my 40 years of life yet because I always went the opposite of everyone else. You have a chance at something amazing right here. These entries on BTC and ETH (Not ALTS) are some of the best I have seen in crypto. There will be a time to close shop take the earnings and leave this space but that time is not yet. Shark will show you the way.
BRONSON-TheSHARK
😱Types of Fears in Trading😱Hello! There are several types of fears at the market!
There are several main types of fear:
💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade;
💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility . This kind of fear is easily correctable;
💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them;
💡- general fear of working on the market. It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchange;
💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal;
💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trades.
Guys, it's ok to feel all types of fears ! Especially for those , who new at the market !
Everyone went through that. Someone overcame own fears, someone is trying to overcome, but someone hasn't gotten along with emotions and left the market!
Remember, if you have a goal - go forward!💪🏻 Look only ahead and listen only yourself !🙏🏻
If you wanna become successful - you'll surely become that!!!🚀🚀🚀
Let's become better together ♥️
Stay tuned by Rocket Bomb 🚀💣
Symmetrical Triangle? On the 15 minute candles we can see the price bounces off support and resistance in the shape of a Symmetrical Triangle, even chance we could break upwards or downwards but considering we are hitting the bottom of the large ascending trend channel, we will possibly see a bounce towards the upside. 1800 being the bullish target and 1180 being the bearish target. I'm waiting for a crossover on the 20 and 50 EMA before I enter a long position.
Back to the moon with UVXY! 🌑 Volatility burts in 3...2...1 🔥Hi mates! Another big move on AMEX:UVXY is coming! Last week there was huge buying in orderflow on AMEX:UVXY . Now 10 - 9.95 its very strong supply zone. We could observe TVC:VIX is rising in tandem with CME_MINI:ES1! AMEX:SPY its not good sign for equities for coming week.
My target for this week on AMEX:UVXY is 12.46. Risk / Reward is very favorable on this trade.
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Removing FOMO from your tradingHey all!
one of the biggest weaknesses of traders is FOMO, the fear of missing out, and this video will help explain what you need to do to remove it from your trading!
At the end of the day, mindset is one of the most important trading skills out there and without it you are doomed to trading lossess!
Master your mindset, master your trading!
Goodnight...There's nothing to fear ATH at almost in reach. There's no such thing as MONSTERS! >=)
The only thing they FEAR is my Bag...
What are your thoughts? Is it bad that people like to realize gains or just something else?
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
What goes up must come down. BTC has taken a ride since 2015, I watched from the sidelines as more and more people became overcome with the excitement of this new currency. The “gap” up’s when it took hold and blasted off to north of 20,000 then 30k then 40k, were unprecedented. I’ve been involved with investments since 1997 and I have seen nothing like this and won’t ever again. I do think bitcoin will eventually make the 100,000 mark, when that happens is any bodies guess. Healthy investments do not skyrocket to all time highs and stay there like this seems to have done. The “gaps” this needs to fill are down in the 11,000 range I believe? If these “gaps” per say don’t get filled, any move higher becomes incredibly dangerous for a landslide melt down. Every market in the world has seen this sort of behavior. Here is how big money managers think “buy when it’s low and sell when it’s high” I know that may seem Cliché, but it’s true in any investment market. What holds this coin price at its highs is continuous buying but not only continuous buying but a stable source of new buyers. When bitcoin reaches a high of highs after racing upwards that of a Saturn rocket it will surely endure the consequences of a parabolic climb which is a generational meltdown. We must remeber that China has been mining some 80% of the worlds bitcoin over the past 10 years..if this doesn’t scare anybody I don’t know where you live. If any populous or economy invests more than an alternative invenstment weighting in bitcoin or any other speculative investment, they risk destroying their entire economic system and collapsing. If one doesn’t see the automatic buying and selling movement and electronic support countermeasures big miners or holders of the coin take to ensure this parabolic soar to inevitable highs you aren’t looking close enough. Everybody risks losing and losing big. It seems the masses want bitcoin to reach enormous highs, preaching it will replace modern currency driving the price upwards of 100,000 per coin. I am a realist and while I do believe bitcoin and other crypto currencies will achieve great value and use in the future it will not replace the worlds fiat currencies. Be careful and realistic. If you’ve been hoddling your coins for years you have done very well for yourself yes, however, remeber how one “locks” in profits, they sell and hold “cash” or what ever stable fiat currency they live with. This is not a free ride and not everybody running this massive machine has good intentions. If China decides to capture and lock in profit at any given time, it will cause a cataclysmic disaster and melt down of an entire system. Don’t be caught holding the bag at the top. When PayPal said they were all in processing bitcoin it seemingly shot north with supersonic speeds. People who wouldn’t invent in an index fund for it was too much risk are now investing millions in something that seems too good to be true. I am not saying bitcoin will not be useful or even saying it won’t survive, I am simply saying be CAFEFUL and REALISTIC. This bubble has consequences just like the real estate financial bubble of the early 2000’s. The USA had the means at that time to inject trillions into a collapsing system...we have no more levers to pull or safety valves to open. I predict a gap cover in the 10,000-11,500 range before then skyrocketing to new highs in the 40-50,000 range before starting the fibbinaci cycle all over again. The last up cycle will be very evident by which the volume of sellers will spike to all time highs within minutes. That may be next month next year or in 5 years IDK....but it will happen. The stock market has stop gaps to ensure panic selling doesn’t destroy a healthy market, bitcoin has no such stop gaps or safety valves to ensure complete and total collapse of a system. And...the most important one. Bitcoin has no centralized governing body or enforcement to ensure criminals can’t steal or destroy a system in which so many have put faith. It’s the ultimate Dichotomy, Bitcoin excites so many because of its decentralized governing systems however those same Reasons we all “love to love” bitcoin could very well be the same reasons it sets up to cause global economic catastrophe. My prediction again is this...falls to fill CME gaps with fake trend reversals costing traders millions chasing the bottom but. Dollar cost average your buys and lock in your gains. 11,000 back up to 50,000 then back down to 24,000 before pushing up to 75,000. 100,000 is the price that triggers a global sell off meltdown and bring financial devistation to the greedy. Be careful out there. Diversify and have a plan.
Get ready for extreme fear: Q1 2021 (bearish reversal) BTCAfter topping out around $42,000 we've been breaking multiple ltf support levels and have started entering htf support breaks.
Today we officially broke the bullish uptrend which has been intact for almost a month now (bearish reversal)
What does this mean? Top traders have started selling bitcoin as we're now in Q1 2021 and this would be a perfect time to set the yearly low (probably within the next 2 months) I'd be looking for something similar to March 2020 for crypto and the stock market.
Q4 2021 will be about the results, just like 2020. Plan your trade and trade your plan. Key support levels on the way down: 1: $27,333 (0.618 fibonacci level) 2: $22,888 (0.5 fibonacci level) 3: $18,444 (0.382 fibonacci level) If we close a daily, weekly, or monthly under $20,000 we'll likely head to $13,800-$14,800 from which fear will be HIGH and i'd be buying EVERYONE bags $7850 - $9650 (CME GAP) this is the absolute max pain scenario for bitcoin.
Previous ATH, macro htf support: $19,6000-$22,400
Please get this technical analysis to 50+ likes to unlock the next daily post for the community! 👍
There are no emotional problem in reality...???There are no EMOTIONAL PROBLEM in reality. The problem, you are facing is you do not have any back-tested STRATEGY/SKIL L of identifying what if I do will I get the trades. Another words, you are trying to search a fallen needle in entire city in a limited time.
You don’t know what to trade?
Which stock(trade) to go for shorting?
Should I have to select Short selling or long?
Even If I Select at what time should I enter & then exit?
=> But time is ticking away , worry, concern, , apprehensiveness, consternation, uneasiness, fearfulness, disquiet, fretfulness, agitation, angst, nervousness, tension, stress, misgiving, foreboding, suspense etc.