Shentu (CTK): Becoming A Successful Trader —Spot vs LeverageWe have here a growing pair with a repeating pattern. Shentu (CTKUSDT).
Notice the "low" back in 2023. When the initial breakout happens in November, there is a small retrace before the start of the bullish wave. Between 13 and 22 November. After this small retrace we see a strong jump, the continuation of the bullish move.
We are now in late 2024 and we have a higher low compared to late 2023. The initial bullish breakout is already present on the chart; the same pattern can repeat. There can be a small retrace and then the start of a major jump; the continuation of the bullish move.
The 2023 bullish move peaks in May 2024. Notice the waves... There is always some bearish (red) days throughout the growth process. It never moves straight up nor straight down. We can expect the same this time around.
This is true all across the market. The pairs tend to fluctuate and create some sort of wavy pattern, there are some exceptions though. Some pairs can produce a very, very strong up-move followed by a strong retrace and then additional growth. While these are different types of advances they both includes periods of down and green and that's the main point of this analysis; patience is key.
And thus we see growth and growth does happen but it takes time. Since the market grows a little bit tomorrow, a little bit yesterday and a little bit today, it is impossible to catch a 500% move in a matter of days. The way to catch the strong moves is by spotting the bottom. Spot the bottom, buy low and wait.
Now, it is hard to catch a bottom but this is exactly what I am doing for you everyday. Catch the bottom, buy early and wait.
This strategy might not be exciting but it is highly profitable.
You need an edge for successful trading. Our edge is in the ability to read the charts.
Since we can predict a trend reversal several months before it takes place, we can position ourselves before this reversal happens, enjoy profits without the high risk of leveraged trading and without the high level of stress and anxiety that other methods tend to produce.
How you trade, how you approach the market and what decisions you make is up to you. I am just sharing one of many available methods, consider it a tool. Some trades can be approached in this way, some others can be done in a more exciting way.
Leave the excitement for the Saturday's, the park, sports and politics. Keep a cool mind and stay serene when trading. It will be exciting when you withdraw your profits at the end of the day.
It is not exciting to have your position liquidated, it is actually depressing and we don't want to experience this anymore.
Join the real experts at Cryptocurrency trading and this is done working with a mindset focused on the long-run.
Start working now and think of results and profits only in late 2025.
Everything worth having requires effort in this life.
Namaste.
