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Trendanalysys

BITCOIN H1 - 0́́́́́́9/05/2022" Never catch a falling knife " is what I was always been told since the day I first come to trade. In some scenarios, experts are capable to do so with advanced technical analysis and experience. But they are experts, not me. I am still on the journey to explore trading as well as myself. As the picture above, bitcoin is in an extreme fear stage in which many people are skeptical about the future of bitcoin. Candles show extreme bearish while indicators all mark as Oversell . However, as far as I concern, cause everything is in the extreme stage, the reversal is likely to happen at any time from now with the strength at least half of the current bearish. " Buy on dips - Sell on rallies ", unless you are a scalper , there is no point in making any sell position with an expectation to have RR higher than 1:3. Personally, as a scalper, I will choose to observe for further information like reversal or an tiny uptrend on a smaller timeframe Remember to manage your risk properly . Do not blindly enter any trade without being mindful of your current emotional status. Do not let the market drive you crazy. Be the warrior of yourself Good luck
Long
by Beanissthefunnytrader
BITCOIN H4 - 0́́́́́́8/05/2022Suffering from both Major downtrend and Minor downtrend , the strong accumulation zone around $38750 has been broken. With the new breakout, the whole cryptocurrency market looks like a bloodbath But nothing goes down forever (as things can not go up permanently), and there will be a good entry point for buyers. As you observe the chart, there is no buying signal, we are still in very very "bearish", at least for 1 or 2 days. We are at the key level where buyers are waiting for any significant signal to create a big rally. Thus, Short-term traders should continue to short but exit as soon as possible, Mid-term traders should consider waiting for a better long entry or a clear signal, Long-term traders (or HODLER) may think about selling at the next rally to exit loss The situation is complicated for most people because many of you are new traders, new investors who are driven by the hype from the NTFs, Web3, and the fantasy of making fast and easy money. Always remember: no trade makes you rich after one night , therefore, control your greed. You think you are investors or traders, but in fact, you act like gamblers. I was once dreaming of being rich with cryptocurrency and trading, too arrogant to realize that in fact, I am the same as any addicted gambler who always looks at the chart, and let emotion slowly kill me and my funds. As a result, I end up feeling desperate when the crypto market reversed in 2018 . As for newbies, changing a bad habit is hard, but it is evitable. I know it is hard to get rid of the bad feeling since you want to regain what you have lost, but the easiest way to regain is to accept it is what it is, and stay away from the screen. So, what should we do? Who am I without the market? Who do you want to be? There are hundreds of activities to do to recover your motivation and find out the best answer for yourself. After losing a lot of money, I realize how dumb and ignorant I was so I started to learn, to obtain more knowledge. I do not want to be a gambler anymore, I want to become a pro trader (which in fact I am still trying to achieve ). I also started to take care of my physical and mental health by running and meditation. With these new habits, I was capable to survive my most painful and depressing moment. So, who do you choose to become? Cheers
by Beanissthefunnytrader
2
Solana H4 - 06/05/2022Solana is currently in the dip of the supply/demand zone where I suspect there will be a rally before anything can go lower. As bitcoin is suffering from a sell-off, the best idea is to wait for a good signal before entering a long position, though sometimes things can change rapidly because we are in the most sensitive zone Observe all trading platforms, the current volume of all coins is significantly high. The market seems to be very "bustle" for short/mid-term traders but it is a nightmare for holders. Remember to trade systematically, do not follow your heart. Any dip can go lower and lower and lower. If there is nothing to invest in or there is no appropriate entry, do not enter a trade. Save your time to observe and analyze for a deeper understanding. This is also a good time to the extent of your knowledge in any field instead of mourning for your lost money. I know it is hard to accept the truth but it is what it is. I was there when everything fell apart in 2018 . Tough time. I do not know whether things will get worsen or now so please be very very careful in managing your portfolio, and cut your loss if it is necessary. Holding too tight on something only makes you regret Well, that is all I want to say. Cheers
FTX:SOLUSD
by Beanissthefunnytrader
1