I just woke up and am witnessing the descent of our Goliaths BTC and ETH, marking probably the last market correction before the upcoming altseason(in my opinion).
Hence, here's my list of LONG!!! futures trading contracts you still have a chance to hop on(part 1/2):
1. ETH Entry point: $3600 - $3340 Stop loss: 1) $3180 - $2955 Take profit: 1) $4896; 2) factually
Prepare your emotional state for what will happen in the coming weeks on altsā«ļø
As soon as the alts start to grow sharply and we see a new ATH on ETH, many will have an illusion of control. Again, 90% of futures trades will be in the green, screenshots with hundreds of %.
The phrase āYouāre not a good trader, itās just a bull marketā will become relevant again.
It will seem that you have learned the mechanics of the market, understood how to make money here, and that the growing PnL is the result of incredibly high-quality analysis, and not a consequence of gambling addiction in a growing market. People will start to think that they have learned to control the situation.
Then this illusion of control will be reinforced by social infection. The feed will create the feeling that the growth will continue at least throughout the year.
Moreover, even if you begin to doubt, collective euphoria will suppress rational doubts. Euphoria will quickly turn into panic, so it is very important to ask yourself as many questions as possible, take breaks in trading and not deviate from the strategy in the hope of getting 20% of the deposit in one transaction.
This will be an exam for those who have gone through the whole path with us and will continue it furtherā«ļø
Here are the two possible scenarios I see for myself(Either of those will end up with BTC surging to 120-130k):
1. Pullback to 89-91k zone, where more buyers and big players will enter at a favorable price, and then sharp rally to new ATHs
2. Fluctuation at a current price range, with a steady increase to aforementioned 120-130k
As of writing this post, I feel more like the 2nd scenario is possible, although this week will be crucial, as Christmas is coming, historically known for withdrawal of profits.
Yo, binancians! My name's Vinyl, and this is my entry/welcome post.
Since I don't like the info posted on Square, I will try to share and update everything myself, as well as sharing my insights, maybe sometimes trade signals even.
Stay tuned, and remember DYOR!!!
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