$BTC Struggle to break above $100k continues | CRYPTO MECHANIC on Binance Square

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$BTC Struggle to break above $100k continues

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BTC

96,892

+1.16%

9.8k

0

Replies 11

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What's the first thing you see on a coin before you buy it?

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We now have a condition where the market is now stuck between a major low and the high that most of the coins made on that bounce. I see it as a range bound condition. it's the condition where most of the traders will loose money flip-flopping their bias from bearish to bullish. it's the condition where traders are not too confident to chase the market again as the drop was brutal. And it's the condition where holders will get frustrated and leave their positions. Looking at the current picture, it's neither bullish or bearish imo as it's holding above or around a major low and yet to break a bearish structure as it's below that high. If i take you to the past where we had the similar situation. you can see it on the other charts 46% drop on sol followed by 28 days of range. Ethereum had 60% drop followed by 59 days of range before it decided to go up. You can notice that price did not break the low it made on that sharp move down. we have quite the same situation here, price is ranging while it's holding that dip low.

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I did an Altcoins update on 24th and said there is nothing interesting on Altcoin as there is no confirmation of the trend shift. Somehow the situation is still the same on most of the Altcoins

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You want to be successful in trading, right? You put all this hard work with nothing to show yet... And it feels like things must start getting good for you finally! Yet - here is the problem with that.. When you feel things should start working Out for you is when you feel rushed. And the moment you feel rushed - you immediately make a terrible mistake And that cycle will keep repeating... Rushing is your enemy! Rushing to make it quickly Rushing to enter into a trade. Rushing to go breakeven on a trade. Rushing to close the trade early. Rushing to use high leverage to get maximum profits Rushing to succeed in trading. I can keep going on with rushed mistakes... Do you think this rush can help you succeed? Unfortunately, it only slows you down... How you can prevent from it? Identify your Rushes Explore your Trading and your Mindset. When do you feel rushed? What for? Understand that any "rushed" emotion will only make things worse for you. Pinpoint the exact moments you are usually rushing or feeling a rush. It can be missing out on a move or watching big candles. it can be recovering your losses can be be anything you know it better . Introduce habits and mindset shifts to disrupt those emotions from taking over. Keep working hard on dropping the rush and you'll see your trading flourish.

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