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Gem100xhunter
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A mentalidade é importante.
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How to analyze the current move up using elliot wave. Photo 1. In this case we created a 5 wave move. The pattern is full and should reverse soon holding support at 78.6 and 61.8. These are the normal targets of a wave 2. If this happens a low risk high reward will follow as a wave 3 is the next move which is most likely impulsive. Photo 2 In this case we are going higher in an ABC and we will lead to another low after the correction. Pay attention to 59500 level. We will see what happens after. The good thing about this setup is wave B and wave 2 have similar targets and both are heading up after the next correction. The main difference is the targets and if its bullish it will have 5 waves instead of 3. The data is on a very fragile time frame and can change quickly. This is why i dont trade on lower time frames but i use it to monitor trend changes and reversals. This is for educational purposes only. Wave 2 can be traded but trade on your own risk. Understand the levels and decide from there. More data is required and this is why i always say TA is different from trading. We use TA to create a strategy based on probabilities. Then we can decide a if a trade is good in terms of risk to reward
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Media will never be on your side. Institutions know you are fragile. They will use every resource they have to make you exit liquidity. Notice how after extreme fear and extreme fud the news always end up being a false call? Fear is easy to spread. Information can easily be exaggerated to magnify the effects. Trust the chart. Be fearless but cautious.
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You are only scared because you bet alot of money you cannot afford to lose. The market knows this. The whales know this. They use it against you. You dont see whales panic because they have capital. You dont see institutions panic because they have capital. The only weapon you have is hodling and time. Crypto always feels worst before it pumps. The market feeds on fear and greed of paper hands and emotional people.
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This guy thinks buying high and selling low is a good idea. You made a mistake buying at the top. Youll make another mistake selling at the bottom. If you have this mentality better stay out of crypto. you bought at the top because you dont know what you are doing. Its better for you to just hold or dca because you dont know what you are doing. Dont be exit liquidity. You bought at an overbought market. Youll sell at anoversold market. It makes no sense. I keep saying if you have no idea what to do just buy and hold and be patient. Or quit crypto entirely because you will lose all your money. If you really want to leave wait for a retrace then sell. Dont be rush with your decisions. Pullbacks up or down will happen.
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How can you be trapped if you entered 8 months ago. You would atleast have been up 70% but you didnt take profit. Crypto is not a scam sir. You are just an id*ot. 😂 Dont be this guy.
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