How did you deal with today's drop? | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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How did you deal with today's drop? 

I bought the dip

35%

I played the bounce

7%

I was all in already

19%

I did nothing

39%

1006 votes • Voting closed

0 people tipped the creator.

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

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CRYPTO MECHANIC

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I am not a typical signal provider you see everywhere. I post what i personally trade this is why the chart setups i post are very few. If you're losing because of my setups i am losing with you. If i am winning and you took that same setup. We both are winning together. Something that can make a huge difference is the way i manage my risk and the way you do. You have to learn that and do it properly based on your account size. Everything else i give you on the charts , how i am planning my trade and how i will execute it. sometimes i even record a video to briefly explain how i am looking at the market for a potential trade setup. That's all i can do for you as a teacher. This is not my priority my aim is to teach you about the market but i still do it so that my followers can trade with me while they learn from me.

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A lot of people make this mistake that they hesitate to change their bias. if their Analysis is bullish and market doesn't go as they predicted, they don't change their bias they keep drawing levels on chart that fits with their bias. Remember that being right or wrong on your analysis does not matter at all. The only thing that matters is how you're managing your risk and how profitable you're. it's totally ok to be wrong no one can be right 100% of the time. If you had plans that market is bullish but now it's shifting the trend. Shift your bias as well. Do it even if you have to do it 100 times you make money when you trade where the market trend is. Not when you stick with your bias. GO WITH THE FLOW

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How you're positioning yourself for this week.?

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$BTC (Weekly) Not really a good looking weekly chart, Rejected from $59k-60k zone and then a lowest closing candle. Cpi data will be released this week and then the next week FED interest rate decision is due. The rumors are that there will be a potential rate cut between 25 Bps or 50 bps. if i just follow up my strategy and the chart. As long as i don't see some strength i will remain cautious being a bull on Bitcoin. Either i'll buy at some lower prices or in a better market condition.

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I gave you multiple reasons why you should not buy $DOGS right after the launch and when the price spiked up to $0.0015. That's all i can do, share something based on my experience.

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