Alert 🚨🔔🚨‼️

$BTC is currently testing Moving Average (MA) 99 at the moment. As you can see, MA 99 has been an important key for #bitcoin☀️ .

Whenever the price break out/break down, historically, will continued that way. The good news is MA 99 always act as a strong support, but the bad news on daily chart, Bitcoin still relatively overbought in RSI.

Hold tight, never lose your money. Not making profit is always better than losing your money⚡️

#RAPPAR

#1000SATS🔥🔥🔥🔥 $1000SATS

Update on my 1000SATS short position!

After making a few partially take profit to manage risk, we’re now running on 1000%+🔥

I’m feeling enough and satisfied with the trade and will close this position. Remember, always take your profit to minimize risk!🔥

Every Single Trader have Their Own Unique Strategy

I believe that every single trader, have a unique strategy that works for their own self. I’ve seen many advice on how to trade by being a swing traders, super quick scalpers, and contrarian strategy, but in the end it’s you and your mental/psychology when you’re trading.

For me, method that suits my trading psychology is by being a contrarian. What does that means? Being a contrarian means (not limited to) watching, seeing, calculating probabilities by being the opposite of market’s movement.

The big plus of this method is the high probability of ROI, but the big cons is there’s big chance that you will be lose in “one way market trend”—super bullish/super bearish market.

One of my most success trade is by being a contrarian on longing XRP when XRP facing a flash crash, around Q4 2021, where i turn $100 into $2000++.

I highly suggest to discover your own style, master it and stick to it.
$XRP #Xrp🔥🔥 #ContrarianCrypto

Still focusing on $1000SATS swing/scalping mode. Currently shorting with +700% running. Turning KFC into fancy steaks🤣🔥

Scalping area for #1000SATS
0.00029x - 0.00032x.

Beware that $BTC still can have a pullback after its previous pump. I also try to short $CKB with tight SL as it’s overbought in my opinion.

#DoYourResearch

When to start using Hedge Mode?

My view on hedging is it can be useful when we use it wisely. My habit is whenever i feel that my position is “hyperbolically” gains, i’ll open a position in the opposite directions with relatively small than my main position.

The reason is i’m always aware for a reasonable traceback after a pump, and when I know that my main position is still has pretty big probabilities of gaining but also would be normal if there’s a traceback, i want to use that traceback momentum to get a little money.

In this picture my main position is $1000SATS and i’m shorting (scalp) $FET since FET was up ~10% and I see some probability of FET’s correction.

However, always look how $BTC behave, and trade with your own conviction.

Psychology Bias

As a regular trader—non professional, managing money for our own self learning how to trade through the internets, we’re usually facing some Psychological Bias.

This Bias can be in multiple forms, like having a big, irrational conviction on your fav crypto, up to bias that we think we have more skills than we actually have.

I’m interested in the second bias, it is formed unconsciously by seeing successful trader on the internet, and we’re a little narcistic to think that we’re on the same level as them, and can consistenly making profits by skills (not luck).

While the reality of regular personal traders is can be seen, roughly, like the picture below. We’ll face some loses and wins. The only way we can win and grow our portfolio is to making sure when we lose, we lose smaller than when we make a win.

Cheers, stay true. #FuturesVsSpot #TradingMadeEasy $BTC $1000SATS

#1000sats $1000SATS #Bitcoin❗ $BTC #September

Feels that the market behave a little indecisive? Worry about market sentiments on September? Read down below:

I was tracing down the market history, specially $BTC ‘s performance on September through all the year. And it shows that on some year #BTC☀ performance on September has been bullish, and also on some year facing some bear trends.

What I keep in mind for right now is, September is the last month of Q3, where some big companies prepares for the last quarter of the year. This can means some of them prepare to buy more crypto, or sell them to realize some profits.

For now, my strategy is focus on several coins/tokens that shows significant volume, and for the past few days are accumulating (stays in relative same area, ups and downs) and trade long/short between the area.

One of them is #10000SATS with its accumulating area between 0.00029x - 0.00032x. I do scalp SATS while waiting for BTC’s trend confirmation, moreover in the coming US election that makes some investor doing wait and see behavior.