#ACH is holding pretty well because of the #hongkongweb3 n | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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#ACH is holding pretty well because of the #hongkongweb3 narrative i shared the chart on Monday .
doing well so far
#dyor #BTC

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CRYPTO MECHANIC

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There is a big misconception in people and I'm going to clear your doubts today. when a new coin launched and it shows a percentage based on the low of that candle and the price where the market currently is like $CATI is up 900% right now. The misconception is people think there are some people who bought it at $0.08 and some at $1 20. some may have made big money and some may lose a lot but this is not the case. When binance adds a new coin they have to mention three prices before the trading starts. opening price high of the day low of the day for example #CATI low is $0.08 and high is $1.20 and the opening price was around $0.90 the low is mostly based on that coin's ico price or the launchpad price and the highs is either random or it's based on CMC if it is already trading on other exchanges. Sometimes both can just be random numbers depending on the marketcap at the time of the launch. So the percentage you see on screen is the difference between the ico/launchpad price and the current market price. it's the percentage that ico or Seed investors made. like i said they have to add 3 prices before they launch there is no way someone bought it at $0.0i or $1.200. Everyone buys at the value where the trading starts. Do not get impressed or amazed by these numbers, know how these things work. it's important . Stay educated.

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Key $BTC zone that i think price should break and hold above to break that lower highs structure.

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Every day, we compete with each other. One trader's TP is another trader's Stop Loss. So, who wins at the end? The Focused, Calm, Emotionally-Intelligent trader will always take the money of the FOMO, Emotional and Unfocused trader. So - what can be done to ensure you win?Trading is about Focus Time = Energy Wasted . Energy Wasted = Loss of Focus and Edge. The more time you spend on charts, the more energy you waste, the smaller your edge becomes. It's Counterintuitive, but the less you trade, the better you will perform. Why is that? You have a Performance Edge You will always have an Edge over the other traders. Traders who spend 8 hours on charts never have an edge. They get beaten by traders who spend 1 hour a day. So - pick a trading window and dedicate full focus Take your trades and then rest. When the market is unclear - Rest. When there is heavy news - Rest. And like a sniper - show up Fresh at the right time, while the impatient are already blown up

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Would be great if we get a few Weeks of upside. Some Altcoin charts Are looking so good right now. I will post a few next week.

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$BTC Monthly chart is so clean. What's your high timeframe target on Bitcoin?

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