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Hello everyone, it's me again. Just to clarify, I am not a chart analysis expert, nor a candle-blowing prodigy. I am just like you, with a little bit of experience from watching the market for a few years, so I am writing this article to help you understand the emotions I went through during last season's downtrend.
t1: When the price is at the bottom, you definitely hesitate to buy because you think it will continue to drop (the bottom-fishing mentality), but no, after waiting with gray hair, the price keeps rising over time, inching up little by little, until you realize it's doubled or tripled, and then you scramble to find an entry point (who is experiencing this, raise your hand).
t2: It’s not without reason that the term fomo (fear of missing out) is used so much in this market; now you are still pondering whether to enter this area or not, which means we haven't reached the peak of fomo yet. When it rises to a point that you sitting outside can't stand it anymore and have to buy without looking at the price, that is the peak. But when you hit the buy button, somehow it just keeps fluctuating and doesn't rise anymore.
t3: Look at the picture below, here is an example when the price is at the knee area, you will look at the bottom area and think buying at this level might mean you’re buying at the peak, but just a few days or weeks later, the price doubles, and you will regret thinking that if you had bought at that price it would have been great. These are the repeated questions: is this price worth buying, from the knee up to the peak. Many newcomers to fomo will ask this question.
This article is long enough, I will stop here. If I get support, I will continue writing.
This is the chart of Polkadot in 2021, everyone.
t1: When the price is at the bottom, you definitely hesitate to buy because you think it will continue to drop (the bottom-fishing mentality), but no, after waiting with gray hair, the price keeps rising over time, inching up little by little, until you realize it's doubled or tripled, and then you scramble to find an entry point (who is experiencing this, raise your hand).
t2: It’s not without reason that the term fomo (fear of missing out) is used so much in this market; now you are still pondering whether to enter this area or not, which means we haven't reached the peak of fomo yet. When it rises to a point that you sitting outside can't stand it anymore and have to buy without looking at the price, that is the peak. But when you hit the buy button, somehow it just keeps fluctuating and doesn't rise anymore.
t3: Look at the picture below, here is an example when the price is at the knee area, you will look at the bottom area and think buying at this level might mean you’re buying at the peak, but just a few days or weeks later, the price doubles, and you will regret thinking that if you had bought at that price it would have been great. These are the repeated questions: is this price worth buying, from the knee up to the peak. Many newcomers to fomo will ask this question.
This article is long enough, I will stop here. If I get support, I will continue writing.
This is the chart of Polkadot in 2021, everyone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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