LIVELife of Pi
@HuynhCT
trader not holder tme/CSGcapital
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In May, will history repeat itself? 3 years ago when the market continuously reached ath at 61k and 64k respectively, the entire market was excited and cheered for Upchen but then the correction began to take place. Price adjusted sharply to 30-29k and accumulated for a long time before going back up to 69k.
This year too, a series of good news was released but could not push bitcoin beyond the peak of 74k. When everyone was full of confidence about Upchen, it actually adjusted the discount structure on frame D and began to appear. , there is a high possibility that the market will need to gradually decline and accumulate for a few months at least until October before we can see DC upchen again #binance #Bitcoin❗️
This year too, a series of good news was released but could not push bitcoin beyond the peak of 74k. When everyone was full of confidence about Upchen, it actually adjusted the discount structure on frame D and began to appear. , there is a high possibility that the market will need to gradually decline and accumulate for a few months at least until October before we can see DC upchen again #binance #Bitcoin❗️
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Well, this is the decisive point, when people are excited in any situation, after drinking beer, the guys like to go to railing karaoke, massage... I don't know about the girls. Then depending on experience and reason, you will have to make the decision to lose money to sing or go home to be with your wife (still losing money). Why compare like that, because at this stage if you keep following the market blindly you will lose money at the top or lose everything if you don't dare to cut your losses. As for standing still and watching the market go up and down, losing opportunities (not getting money, short regret, long regret) would be like deciding to go home and pay money to your wife and watch other friends go sing karaoke.
That's why they say, the smart guy will rest after wave 3, which means he'll go home to his wife after drinking beer at 9-10am, but the foolish guy will play the whole wave 5....
- After the third stage is stage 4: At this stage the market is still increasing, everything is still good, wave 5 of Altcoin is sometimes the strongest wave, sometimes it is a normal wave. Its characteristic is that history begins to diverge. Prices are still rising and volumes are going down. It talks about imbalance, and if it is not balanced, it will eventually break. At this time, there will mostly be a price push by big players and inexperienced traders will jump in en masse, in addition to good news and bad news coming out continuously with the aim of pushing prices up and down with amplitude. A very short period of time helps them liquidate their large buying volume before being sold out in wave 3.
That's why they say, the smart guy will rest after wave 3, which means he'll go home to his wife after drinking beer at 9-10am, but the foolish guy will play the whole wave 5....
- After the third stage is stage 4: At this stage the market is still increasing, everything is still good, wave 5 of Altcoin is sometimes the strongest wave, sometimes it is a normal wave. Its characteristic is that history begins to diverge. Prices are still rising and volumes are going down. It talks about imbalance, and if it is not balanced, it will eventually break. At this time, there will mostly be a price push by big players and inexperienced traders will jump in en masse, in addition to good news and bad news coming out continuously with the aim of pushing prices up and down with amplitude. A very short period of time helps them liquidate their large buying volume before being sold out in wave 3.
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The cyclical cycles of a single market such as BTC/USDT or the entire cycle of Altcoin/USDT go through 4 stages, which all correspond to trading psychology (Including fear, excitement , desperate + disinterested).
- First: During the start-up phase, the currency pair or market will always move sideways in a cumulative form, when most prices do not increase or decrease much and correspondingly, the trader's psychology is less interested in the prices. This is because volume is very boring but most of the big guys who are the main price drivers of the market are holding a little at a time, typically increases or
- Tuesday: Acceleration phase, when the big guys have just beaten it once more, the small guys are scared and sell at the bottom of wave 2 once more (this stage is usually in a very wide amplitude sideway area, shaking Shake to make scared people jump out before increasing sharply). This will be a big wave 3, wave 3 usually increases very strongly, extremely strong like the recent altcoin and btc wave. Now that other components believe that the uptrend season has come, they will follow and eat very little, because experienced people bought 3-5 months ago from October, November, December 2020. and they will gradually sell each time BTC creates a minor peak (temporary short-term peak in a smaller elliot wave) in addition to psychological excitement.
- First: During the start-up phase, the currency pair or market will always move sideways in a cumulative form, when most prices do not increase or decrease much and correspondingly, the trader's psychology is less interested in the prices. This is because volume is very boring but most of the big guys who are the main price drivers of the market are holding a little at a time, typically increases or
- Tuesday: Acceleration phase, when the big guys have just beaten it once more, the small guys are scared and sell at the bottom of wave 2 once more (this stage is usually in a very wide amplitude sideway area, shaking Shake to make scared people jump out before increasing sharply). This will be a big wave 3, wave 3 usually increases very strongly, extremely strong like the recent altcoin and btc wave. Now that other components believe that the uptrend season has come, they will follow and eat very little, because experienced people bought 3-5 months ago from October, November, December 2020. and they will gradually sell each time BTC creates a minor peak (temporary short-term peak in a smaller elliot wave) in addition to psychological excitement.
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The article is quite good, although it is old, but it shows a lot of psychology of investors and traders
, Well now I have to tell you this.
Those of you who don't know need to adjust your mentality.
The cyclical cycles of a single market such as BTC/USDT or the entire cycle of Altcoin/USDT go through 4 stages, which all correspond to trading psychology (Including fear, excitement , desperate + disinterested).
- First: During the start-up phase, the currency pair or market will always move sideways in a cumulative form, when most prices do not increase or decrease much and correspondingly, the trader's psychology is less interested in the prices. This is because the volume is very boring, but most of the big guys who are the main price controllers of the market are holding on to a little bit at a time, typically with unusual price increases or decreases then falling back to the same position as before. yesterday.
- Second stage of overcoming obstacles:. The obstacles here are the most recent previous peaks in a recent long-term downtrend. At this time, the market begins to attract the attention of a small number of experienced traders and institutional investors begin to participate in the market. This stage will be accompanied by fear among small investors because before At that time, they were always swinging at the top, although a wave with a peak higher than the previous peak appeared, signaling that an uptrend was likely to appear, but... now they only like to find selling points, not buying points. Evidence of this stage is often Elliot's waves 1 and 2, because most wave 2s often retrace very deeply from 62% to 80% of wave 1 at the beginning of the uptrend period.
, Well now I have to tell you this.
Those of you who don't know need to adjust your mentality.
The cyclical cycles of a single market such as BTC/USDT or the entire cycle of Altcoin/USDT go through 4 stages, which all correspond to trading psychology (Including fear, excitement , desperate + disinterested).
- First: During the start-up phase, the currency pair or market will always move sideways in a cumulative form, when most prices do not increase or decrease much and correspondingly, the trader's psychology is less interested in the prices. This is because the volume is very boring, but most of the big guys who are the main price controllers of the market are holding on to a little bit at a time, typically with unusual price increases or decreases then falling back to the same position as before. yesterday.
- Second stage of overcoming obstacles:. The obstacles here are the most recent previous peaks in a recent long-term downtrend. At this time, the market begins to attract the attention of a small number of experienced traders and institutional investors begin to participate in the market. This stage will be accompanied by fear among small investors because before At that time, they were always swinging at the top, although a wave with a peak higher than the previous peak appeared, signaling that an uptrend was likely to appear, but... now they only like to find selling points, not buying points. Evidence of this stage is often Elliot's waves 1 and 2, because most wave 2s often retrace very deeply from 62% to 80% of wave 1 at the beginning of the uptrend period.
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How are you guys doing? I got out all my USDT when btc hit 57k although it was a bit young and then got quite hot when btc hit 74k. Then it also compensates in some atlcoins like bch. Currently completely sold out on April 10. April is about to end and May is coming, is there #blackswan for those who have sold out like me to restock at a good price? #Bitcoin❗️
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#Bitcoin❗️ #blackswan It's almost been 3 years since I drew this chart. I'm lucky to have escaped the peak and also had quite a few short orders. However, there were both joys and sadness after exiting the spot in the 60k area, laik reached out to catch the bottom of the altcoin when btc hit the 32k8 threshold at the same time the panic sell was triggered, looking at the spot account split in 2 in 5 minutes, it was heartbreaking. It is now April 2024, will the above scenario repeat itself again? Do we sell in garment?
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