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Fomo

What are the most important factors of BTC/Crypto? What did we learn, once again? The trend is bullish, therefore, you should watch out in case you're still dreaming of getting low to 15-18K. Think hard about it, this is still a correction. And the most important - buy the dip, sell the top. It's all about when to get in the game - that basically decides the final outcome. Stop loss saves lives !! Luck has very little to do with it. Take note - 1.6 Billion liquidation yesterday. Who's to blame? Well....you'll have to figure that out yourselves. But I'm sure you already know the answer. Happy trading !
BITSTAMP:BTCUSD
by MBGD
Fakeout scenario is probableI dont have a crystal ball but the current ascending wedge in Bitcoins price action appears weak. This will likely lead to a "fakeout" and very sudden downward spiral (Short term). Reason 1: Wedge inclination. The wedge increases in price very quickly meaning that almost all long positions within the range are profitable and active. FOMO at this level is massive and thus over leveraged and emotional traders are abundant within this zone. Once the liqs start getting emailed a long squeeze will occur sending price down in a hurry. Reason 2: FOMO. The constant upswing of the past couple days is only healthy if leveraged positions are cleared out with a reversal. Reason 3: Investment burnout. Everyone who wants to buy bitcoin has bought bitcoin. The very fringes of reddit subcultures and word of mouth have been tapped. There are not enough inward buyers willing to buy at premiums anymore and a huge market of in-profit sellers that do not want to lose their small fortunes
BITFINEX:BTCUSDShort
by Piggiiieee
BTC target 58-90k(+++) bullish / 35-42k bearishI think upside is way more likely, we have entered orbit and is 30-40% into our journey of pure parabola chaos. The previous years in the crypto scene has been like the beginning of Space Odyssey, donkey investors learning the tools of trading to survive and only recently has grown enough to become a self realized being, a fractal of creation shooting through 4d space and becoming God itself - Bitcoin. (unrelated point, if skynet needed a power system to ensure its survival wouldnt btc be the perfect way to do it lol) Personal price target of next cycle ath, 208k conservative(give or take 50k) fun scenario, 500-800k. Fibonacci prediction: 42k next bear market bottom and next parabola 1.5 mill only way this is wrong is if there comes more money into it
BITFINEX:BTCUSDLong
by confirmationbias
NOK - HOW TO PREVENT FOMO TRADING 1. Ask yourself why you want to invest, is it out of jealousy from others cashing in big? Do you want to be apart of the next big hype stock? If you answer yes to either of these do not trade, trading from this emotional perspective will only result in you losing money. 2. Warren Buffet said ''be greedy when others are fearful and fearful when others are greedy'' apply this logic to your decisions, chances are if the stock has pumped tenfold already and people are still greedy this could be an indicator you shouldn't trade - there are always more opportunities. 3. Ask yourself ''am I a sheep?'' Sheep do not make money in the stock market, do not blindly follow peoples ideas, question them and formulate your own understanding. 4. Where did you see the stock? if it was on the news the ship has sailed and you shouldn't buy it, at this point it is already too late. 5. Be careful of stocks that appear to be pushed by the same groups of people - this indicates little to no adoption and they are hoping that you buy their bags from them. 6. If you can't explain what the company does and why it's a good idea do not buy it. Always do your research first, learn about the team, the product, the vision and financials before investing. 7. If the market is mostly green its time to sell, if the market is mostly red, its time to buy. 8. Is it a meme stock? if yes either be an early adopter or do not buy it. 9. Have you got spare capital? always take into account your financial situation and be prepared to lose - never invest more you are willing to lose. 10. Learn to take losses - otherwise, you will end up holding your bag down a -80% drop. Hope this was useful ''Buy Big Sell BIGGER'' - MegaWhale
NYSE:NOK
by MegaWhale
6
Churchill Capital Corp IV (CCIV) following an old pattern?I was right about a possible drop of CCIV. I would buy this stock in the range of $23-$26, not more. I don't want to FOMO. It's ok if the merge happens. You can always make money with stocks. It's never late! Don't FOMO!! What's your opinion? Your comments are welcome. ############## Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity. Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
C
by ymarkets
AMC - HOW TO PREVENT FOMO - WE CAN ALL LEARN FROM THIS 1. Ask yourself why you want to invest, is it out of jealousy from others cashing in big? Do you want to be apart of the next big hype stock? If you answer yes to either of these do not trade, trading from this emotional perspective will only result in you losing money. 2. Warren Buffet said ''be greedy when others are fearful and fearful when others are greedy'' apply this logic to your decisions, chances are if the stock has pumped tenfold already and people are still greedy this could be an indicator you shouldn't trade - there are always more opportunities. 3. Ask yourself ''am I a sheep?'' Sheep do not make money in the stock market, do not blindly follow peoples ideas, question them and formulate your own understanding. 4. Where did you see the stock? if it was on the news the ship has sailed and you shouldn't buy it, at this point it is already too late. 5. Be careful of stocks that appear to be pushed by the same groups of people - this indicates little to no adoption and they are hoping that you buy their bags from them. 6. If you can't explain what the company does and why it's a good idea do not buy it. Always do your research first, learn about the team, the product, the vision and financials before investing. 7. If the market is mostly green its time to sell, if the market is mostly red, its time to buy. 8. Is it a meme stock? if yes either be an early adopter or do not buy it. 9. Have you got spare capital? always take into account your financial situation and be prepared to lose - never invest more you are willing to lose. 10. Learn to take losses - otherwise, you will end up holding your bag down a -80% drop. Hope this was usefull ''Buy Big Sell BIGGER'' - MegaWhale
NYSE:AMC
by MegaWhale
8
Ripple Prepares for Massive ShreddingI usually pay no mind to XRP but since BTC was so terribly slow today, I found myself with a little free time, so here we are. This is a long term outlook based solely on Elliott Wave theory. After Ripple’s March 2020 swing low near $0.10, the market delivered a Leading Diagonal formation which produced a super deep Wave 2 correction. Leading Diagonals (not including internal Zig Zag diagonals) give us the signal of directional change. With Leading Diagonals we can also expect a strong, possibly extended Wave 3. Considering the relationship between Waves 2 and 4, with W2 being supremely deep, we can expect W4 to be much more shallow (and less frightening. Granted, this is a long term outlook - all rules remain the same. Maybe it’ll be late 2021, maybe it’ll be early 2022 but Ripple looks to plant an All Time High near $10, in due time. Currently under $0.40, this may sound like an absurd prediction. Elliott Fiinacci don’t lie though 😊. Before Ripple takes off for the sky, the ABC correction for Wave 2 of 3rd must be completed. It also looks to be a very deep correction (expecting sub $0.30). See my prediction for this correction below. Trade wisely. Play it safe or play it smart.
BITFINEX:XRPUSDLong
by DigitalSurfTrading
3
TEN TIPS TO PREVENT FOMO - WE CAN ALL LEARN FROM THIS!!!1. Ask yourself why you want to invest, is it out of jealousy from others cashing in big? Do you want to be apart of the next big hype stock? If you answer yes to either of these do not trade, trading from this emotional perspective will only result in you losing money. 2. Warren Buffet said ''be greedy when others are fearful and fearful when others are greedy'' apply this logic to your decisions, chances are if the stock has pumped tenfold already and people are still greedy this could be an indicator you shouldn't trade - there are always more opportunities. 3. Ask yourself ''am I a sheep?'' Sheep do not make money in the stock market, do not blindly follow peoples ideas, question them and formulate your own understanding. 4. Where did you see the stock? if it was on the news the ship has sailed and you shouldn't buy it, at this point it is already too late. 5. Be careful of stocks that appear to be pushed by the same groups of people - this indicates little to no adoption and they are hoping that you buy their bags from them. 6. If you can't explain what the company does and why it's a good idea do not buy it. Always do your research first, learn about the team, the product, the vision and financials before investing. 7. If the market is mostly green its time to sell, if the market is mostly red, its time to buy. 8. Is it a meme stock? if yes either be an early adopter or do not buy it. 9. Have you got spare capital? always take into account your financial situation and be prepared to lose - never invest more you are willing to lose. 10. Learn to take losses - otherwise, you will end up holding your bag down a -80% drop. Hope this was usefull ''Buy Big Sell BIGGER'' - MegaWhale
NYSE:GME
by MegaWhale
3
Historic ETH success! What's next?Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more! So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer! Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles! Have fun and keep that volatility rising! 💸💸💸
BITSTAMP:ETHUSD
by DataMoney
ETH to the moon! What is causing this steep growth?WooHoo! ETH at 1450 point! But wait... What did just happened? Why the stale market turned bullish all of the sudden? 🤔 Every daily trader understands that volatility is key to profit and they are celebrating it today! Maybe that is why no one is asking WHY did this happen? Why ETH did not go to 1200 as it was forecasted? Why Monday demand and volumes were so low? Why this obvious down-trend did not trigger a selloff? Why RSI was so high? So many questions to answer. Let's take a look at the data - it has been a record low demand, trade volumes and volatility for 3 continues days. Most traders took their weekend off as 2% volatility did not offer much room for profit. That is perfectly understandable. Monday surprisingly was the same - almost no one was trading, record low demand, record low trade volumes and 1,5% volatility. It would be normal to assume that the market is just overpriced and a sell-off is just around the corner, but that did not happen. 3:45 GMT all of the sudden market turned greed. Not normal green, just marginal green and continued that way almost without a fault for 17 hours straight! So what really happened? For the first few hours of price rising, there was no whale activity, no sharp rises. No demand, low volumes. However relative market data was not bad. RSI was promising and market data suggest that BOTS were slowly buying. Since there were no other participants, SRI sky-rocketed and more BOTS started to buy. Just by 10pm GMT volumes started to raise as small-time traders joined the game and FOMO began. Here you go, empty market with no interest or demand was able to fix itself. Fascinating. 🎉 Now back to business - today's technical data: Position is long, forecasted highs are at 1455 and maybe even heading towards 1500! Foreseeable lows may be 1420 and 1400, with murky waters in regards of new support line yet to be discovered. Have fun trading!
BITSTAMP:ETHUSDLong
by DataMoney
11
Friday FOMO! How much are you willing to lose?Wednesday and Thursday market disruption continues. The pattern is switching mid-cycle making everyone uncomfortable. Thanks to everyone dropping me messages and sending screenshots of whales spoofing the market with 100-200 BTC bids at a mid-price point. I feel your pain, it does suck. Friday FOMO is on, position is long. Todays's forecast shows highs of 1410 (unchanged from yesterday) with a new potential high at 1450. The low points show strong stop support at 1292 it bounced of many times in last 24 hours. The lowest forecasted low may be 1243. Have fun trading!
BITSTAMP:ETHUSDLong
by DataMoney
YOLO! THE CASINO IS OPEN.You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business. GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever. Billions were lost by short sellers, and they then turned long joining a load of other late comers. Price when to 'the moon' and may reach MARS next stop - some say. 🤦‍♂️ There is nothing of fundamental value matching GME's share price. Market value has hit $10 Billion for what? Nothing. Robinshoods were quite open about it that they just got onboard, driven by FOMO and YOLO. There is much to be learned in this one. How? Because similar forces are driving the DJI and Tech indices in America. DJI current value exceeds true value by about 20 times. All of this madness was played out in the Dotcom bubble years ago. We know how it ends. We don't know when it ends. The beginning of the end, is right now. This is absolutely not a recommendation to invest in this stock. There is good educational value in watching this stock. New traders would benefit from having a shot, only on Tradingview's paper trading account.
NYSE:GME
by Captain_Walker
38
RSI/SMA/Pitch Fork Support and Res. BTC BREAKING BEAR TREND.Historically a shift to a bear cycle in BTC is marked by a 50% drop within a 2 week period. If you actually look at this latest correction it really only measures about -27%. Thus I feel it does not warrant any closing of short term positions. I actually find this drop to be comparable to the April 2017, prior to the REAL FOMO coming in. The chart shown here is BTC, derived from the Coinbase exchange. The beginning of the channel shown(also where the pitchfork begins) is where a parabolic shift up began(Representing an explosion of growth), this can be confirmed by an uptick in volume, as visualized by the volume SMA. The purple SMA is 100 length, which historically is also broken when a bear cycle begins. The blue SMA is 16 length. It is KEY that the 16 length SMA is broken for the Bull trend to continue. The RSI is often said to be obsolete, clearly this isn't the case on 4hr charts. This makes sense since many day traders and swing traders use the RSI oscillator, but on the intra-day charts primarily. Please like and share!!
BITSTAMP:BTCUSDLong
by RichardNorthrup