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CRYPTO MECHANIC
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I have been posting about
$WIF
weakness every week and somehow it's still not showing any strength despite a big
move
down.
The only hope i see for bulls is it holds those lows.
CRYPTO MECHANIC
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$WIF Broke that bullish structure much earlier than most of the Altcoins as i made a post on it before. You can see it under this post.
This is the reason it dropped much more than the other Alts
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WIF
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CRYPTO MECHANIC
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Market is dropping right now and i think this is the perfect time to talk about why traders lose money. Everyone wants to make money in trading, but the reality is that the vast majority of traders end up losing money. Lets discuss what makes traders lose money. 1. Lack of Preparation Trading is a skill that requires education, practice, and experience. Most traders fail because they do not invest enough time and effort in learning about the markets and trading strategies. They enter the market without a proper plan or strategy, which leads them to make poor decisions and lose money. 2. Emotional Trading Another reason why traders lose money is because of emotional decisions. Trading can be stressful and emotional, especially when one's funds are on the line. Many traders allow their emotions to control their decisions, leading to rushed decisions and unwise trades. 3. Lack of Discipline Trading requires discipline and patience. Unfortunately, many traders lack the discipline to follow their trading plan and the patience to wait for the right opportunity. Instead, they jump into trades without thinking, hoping for a quick profit. 4. Overtrading Overtrading is a common problem among inexperienced traders. They believe that they need to be in the market constantly, making trades and generating profits. However, this results in excessive risk-taking and poor decision-making, ultimately leading to losses. 5. Improper Risk Management Successful traders understand the importance of risk management. They know how to minimize their losses and maximize their profits by setting stop losses, using leverage wisely, and managing their funds properly. Many traders, however, ignore risk management, leading to significant losses. 6. Lack of Confidence A lack of confidence can also play a large role in a trader's success or failure. If a trader doesn't believe in their abilities, they may hesitate to take risks and make difficult decisions. This can result in missed opportunities or poor decision-making, leading to losses.
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What move are you expecting next on $BTC ?
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I'll take no time to call a big drop on $BTC when i have the reason right now i don't have any. I just don't play the guess games.
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This is what Bitcoin is doing on the weekly chart. I don't know what is making people call $80k or 75k They're the same who were calling for $45k when BTC was consolidating around $60k. it's okay you can continue to guess.
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I don't think the top is in on $BTC Maybe some more downside is yet to come and that's something none of us control but I don't think it's over as long as i don't get a high timeframe signal.
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