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BITCOIN: HISTORICAL CYCLES AND HEALING ROADMAP!THIS CHART IS BASED ON HISTORICAL DATA In the first cycle, after the ATL, CRYPTOCAP:BTC took 532 days to break above it’s previous ATH. In the second cycle, it’s taken 546 days to break above its previous ATH. If history repeats itself, we could see a new ATH around 385 days from today, possibly by December 2024. ROADMAP FOR BITCOIN HEALING First Halving: July 9, 2016 546 days of the bull market! Second Halving: May 11, 2020 546 Days of Bull Market after Halving 3 Third Halving: April 25, 2024 (Expected) Likely to last 528 days to 546 days of bull market. Based on fractal analysis and chart data, it is anticipated that Bitcoin will reach its next bull market peak in September 2025. Subsequently, a shift back into the bear market is expected. Consequently, a decision to exit the market before September is considered, given that these projections are assumptions derived from fractal chart data. I hope this graph clarifies how BTC's long-term growth dynamics work. Only in a probabilistic approach, this concept is. This chart is likely to help you make better trade decisions if you consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
BITSTAMP:BTCUSDLong
by CRYPTOMOJO_TA
12
TRADING IS HARDER THAN YOU THINK: THE COMPLEXITY OF TRADINGHello traders, today we will talk about THE COMPLEXITY OF TRADING THE FIRST DECISIONS ABOUT YOUR TRADING STRATEGY People who are unfamiliar with the financial sector may find it daunting to have to respond to several questions before they can even make their first trade. However, because each element and idea is interconnected with the others, leaving out even one will cause your otherwise flawlessly constructed trading strategy to fall apart. Each and every one of the financial markets is significantly dissimilar from the others and requires a completely unique skill set and perspective. Do you prefer trading less leveraged equities that require a larger account to the 24/5 forex market where leverage allows traders to potentially make large gains with as little as a few hundred dollars? Are you more interested in trading on the simple spot market or the more complicated. If you have to balance trading with your everyday life, time and time horizon are the main determining elements, and this directly relates to questions regarding your trading approach. The question of whether you want to be a day trader or a swing trader who holds positions for a longer period of time is related to the timeframes you want to trade and affects how long you keep positions. If you don't currently trade full-time, you will also need to figure out how to fit trading into your daily life. Additionally, you must choose your trading instruments, such as price action patterns and/or indicators. Which one you like is a matter of personal preference, but the fact that there are thousands of self-described trading experts TRADING DECISIONS BEFORE YOU TAKE A TRADE You are prepared to proceed to the next level once you have provided answers to the questions above. Once your trading strategy has been determined, you should be extremely clear about the entrance criteria, the significance and order of each entry condition, and whether or not the various entry criteria have an impact on your win rate. Then, be completely honest with yourself and determine if you actually possess an advantage. Have you backtested your trading method without lying to yourself or cheating? If it's even conceivable, did you demo trade and handle demo trading as you would real money trading? Are you able to gauge whether markets have altered and are you ready to respond to them? Additionally, you will need to have an organised and well-considered risk management strategy. Your trading performance is significantly impacted by the size of your account alone. If your account is too huge, fear and greed will dictate your trading choices, as opposed to your trading being very sloppy if your account is too small. What is your position sizing strategy, secondly? Do you utilise a fixed % amount for each trade, or do position sizes change depending on the strength of setups? Last but not least, how much exposure are you ready to take on for all open trades, and do you take correlations into account when making new trades? TRADING DECISIONS WHEN YOU ARE IN A TRADE You are prepared to make a deal once you have answers to all the previously asked questions. However, once you enter a trade, you are forced to handle a completely different set of issues while feeling the strain of actual market exposure. As a result, it's crucial that you have all the answers before making any transactions so that you can carry out your trading strategy without having to think too much.carry out your trading strategy without having to give it any thought. Scaling in and scaling out, increased risk, and having to deal with comparable trading decisions if you have open positions in linked instruments are some of the ideas connected to risk management that come up in the questions. Do you also monitor how your risk-to-reward ratio changes throughout the course of a trade? Your risk management strategy will also influence how you respond to challenges like news events, unforeseen political and geopolitical developments, and making trades over the weekend. The principles of risk are very intimately related to issues of trade management. Stop loss and take profit management are the two most crucial aspects of trade management. When a trade goes in your favour, do you actively move your stop loss order? If the answer is yes, develop a complex and tried-and-true stop loss technique rather than hopping around stops. For your take profit orders, the same is true. The reason why most traders take profits too soon is because they confuse a small pullback with a trend change. In order to improve, write down your stop loss and take profit management rules, test them, and evaluate their results. Furthermore, non-chart events are just as significant as your active trading choices on your price charts. The difference between a competent, lucrative trader and a continually losing amateur trader is a sound trading strategy, where you map out potential trading scenarios beforehand and prepare your trades before they take place. His trading journal is the trader's second-most crucial instrument. A trader keeps a record of all of his previous trades in a trading notebook in an effort to identify weak points and improve his edge. Because it takes a lot of discipline and effort, yet will mean the difference between continually losing and making profits, it is surprising how few traders have neither of the two. CONCLUSION: BEING A TRADER MEANS MAKING DECISIONS Despite the fact that trading initially appears to be relatively straightforward, being a successful trader demands a very professional mindset and approach. A trader has to come up with sophisticated and tried methods to manage his deals before, during, and after they occurred. He must deal with a number of extremely difficult issues on a regular basis. This article's objective is not to scare you away, but to inform you of the complexity of trading and provide you with a rule to follow in order to maximise the effectiveness of your trading strategy. Be disciplined Be flexible Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
3