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What's Good Bitcoin?
Here's the daily Bitcoin market check-in, in which I discuss the latest developments and chart analysis. Please check it out and share your thoughts.
$BTC #bitcoin☀️ #Bitcoin❗ 

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

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The crypto market is challenging right now. Boring sideways action flavored with intense volatility. Don’t get worn down by it. Adapt: • Lower the capital % you risk. • Trade different timeframes. • Harden your approach. • Adjust expectations. • Lower profit targets. • Tighten stop losses. • Train to trade less. #MarketExperts

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The Successful Trader's Secret Power One thing seems to be everywhere at the moment. It's around when you scroll through social media or talk to other crypto traders. Resignation. To be very clear, I am not talking about the resignation of long-term holders. This one is about traders. Here's what I hear constantly: * My trade strategy doesn't work anymore * My success rate has plummeted * I've lost so much money in the last weeks * The market is manipulated * I am giving up It's true—the market is tough right now. Bitcoin has been trading sideways for a month, and many altcoins have gone lower—bleeding slowly. As the market has changed, traders need to change too. But few do. The majority enter a vicious cycle of desperation --> impatience --> more risk --> resignation. The successful trader is different. They understand that fundamental conditions have changed and that they need to adapt to it. As Darwin said, neither the strongest nor the most intelligent survives. It is the one who is most adaptable to change. So, how can you adapt to the current market? * Trade different timeframes (in a sideways market, it is often easier to trade in lower timeframes). * Adjust your targets (e.g., lower your profit targets or tighten your stop loss). * Adjust your strategy (e.g., try additional indicators to harden your strategy). * Expectation management (be conscious that this is not the time to hit record success rates) * Train to trade less (an often forgotten superpower) * Risk management (lower the capital % you risk per trade) Most importantly, choose a rational approach and analyze how to adapt to the current market. Free of emotions but filled with responsibility. The market doesn't care about you. It's on you to adapt to the market. Quitting is not an option. $BTC #MarketExperts

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What's Good Bitcoin — Sideways Consolidation? Bitcoin has entered a sideways consolidation since it dropped below 60k and shortly touched sub-58k levels. Yesterday's attempt to break out and move above 61.5k (the crucial level to break on the LTF) was rejected heavily even before reaching this level. On the 1H chart, Bitcoin has already entered a downtrend again (based on the VMA). However, so far, the 59k—58.5k level has been strong support. At this stage, it is hard to predict the next step. On the contrary, it is more important to closely watch the support and resistance levels before entering a trade. The chart looks slightly more optimistic when we move to a higher timeframe (4H). Based on the VMA, Bitcoins consolidated after a downtrend. With 59k as support, there's a good chance that the price will enter an uptrend next. Summarized: While we can go lower on the lower timeframe, I expect a bullish move into the weekend. $BTC #Bitcoin❗

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Bitcoin — Excitement Faded Quickly. Looks like we had a short-lived hype today. • 1H trend already turned bearish again • 4H trend neutral (soon bearish) but nasty bearish engulfing in the making • Bulls didn't even reach 61,5k • Volume on the current red 4H candle already engulfs the volume of almost all green candles — and we have 2 hours to go. Summarized, it doesn't look too good. Closed my short-term long with a 2% profit. Suppose a 58k break, and I might go for another short. Let's see... $BTC #Bitcoin❗

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Ethereum Update 🚨 ETH formed a bottom on the lower timeframe (1H), and the price entered an uptrend. Moreover, ETH reconquered the critical 2,550 level. The trend has not been confirmed on higher timeframes, such as the 4H chart. If it does, we could see a retest of the 2,700 resistance in the next few days. $ETH

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