perspectivas de CRYPTO MECHANIC(@CRYPTOMECHANIC)

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$BTC La lucha por superar los $100k continúa

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CRYPTO MECHANIC

@CRYPTOMECHANIC

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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. 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 - Focus, Calmness, Objectivity. Traders who spend 8 hours on charts never have an edge. They are spending time on charts because they want to take a trade and they ended up getting into a forced trade and lose money. They get beaten by traders who know when it's the right time to trade and when it's not. 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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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 shared my thoughts on the altcoins market in this post. Read if you missed 👇🏻 This applies on Almost every Altcoin as charts are almost the same (Besides pump and dumps)

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Have a Blessed Friday everyone ❤️

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

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