Don't forget, the market is not always as it seems. BTC dump | NotSoSmartTrader on Binance Square

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NotSoSmartTrader

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Don't forget, the market is not always as it seems.BTC dumped to 58K and now bumped back to 61K. This might be the start of the bullish trend, 
or you're just being manipulated by whales.
You choose.
This is not financial advice.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

101,101.83

-0.24%

740

0

Replies 0

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NotSoSmartTrader

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Beware the coins that have a fake rise. They'll make you lots of money, but if you're not careful enough, you might lose them all + your original investment. Try to be as logical as possible. When the whole market is down and a coin is rising rapidly for no specific reason, then that's a fake rise. Make your money, take it, and stop. Taking a Short position is also logical in this scenario. Always remember, trading is a psychological game. This is not financial advice.

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The worst thing you can do as a trader is to strive for perfection. More often than not, perfection is way more far than you think. As trading is never perfect, its a profession that can be bothered by many factors. Get your profits and close. Don't become greedy, you'll more than likely to end up with a big loss. This is not financial advice.

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Every year the same scenarios are repeated over and over again. "BTC is going to reach 1M in 2025" "ETH is gonna explode in 2026" bla bla bla Non sense. we see these every year from very well known people in the crypto world, their words impact the traders' trading views and change their goals and ambitions while giving them false scenarios of everything being positive in the trading world. Well let me tell you the harsh truth. Trading was never easy, it was never this optimistic. You might get lucky every once in a while but that's it. Don't trade based on fake news or very unlikely to happen predictions. Use common sense while trading. This is not financial advice.

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Trading is unpredictable. Yes, you can study your chart and do your analysis and read some people's fake news that is just pushing by advertising what they want. At the end of the day, we can all have a lesson that it's way bigger than that. if you're losing money just stop the trade already. Stop holding until the market shows a sign of reversal. Until then, reduce your losses. This is not financial advice.

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Let's try to analyse what's going on here. I take trading differently, I study charts but I also study logic. Logic says whatever is happening in the market is not able to be studied. Its a whales game. Everytime we predict what's gonna happen, the opposite occurs. Its pretty obvious. I suspect $BTC is going way down, the opposite of what everyone predicts. This is how whales take your money. This is not financial advice.

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