Why You Don’t Hit Your Trading Goal! 🚨

Here’s a shocking truth: Over 90% of crypto traders quit in their first year!

One of the main reasons is that they pursue the wrong goals.

In most cases, people start trading because they want to make money (nothing wrong with that). They set goals like “I want to make 10k in 3 months” or “100k in one year.”

The problem is that these are goals no one can control (even the world’s best trader couldn’t).

Uncontrollable goals lead to uncontrolled actions.

👉 The result: Traders make wrong decisions, lose money, and ultimately stop trading.

💡Here’s a better way to do it:
Successful people (not only in trading) usually focus on tasks, not goals.

Don’t get this wrong. Of course, they have goals.

But here’s the trick: They break down the goals into required tasks & focus on their execution.

It’s a small yet essential perspective change.

Let’s make this tangible 👇
Instead of focusing on making 100k, you break down this goal into required actions:

For example:
‣ Educate about trading: 1h daily
‣ Build trading strategies: 2h daily
‣ Backtesting: 3 times/week
‣ Document and automate processes: 2h/week
‣ Journal your trades daily
‣ Analyze your trades once a week

As a next step, you continue focusing on the execution of the actions, tracking, monitoring, and improving them.

This might sound boring, but it is exactly what you must do.

Alex Hormozi once said: Extraordinary accomplishments come from doing ordinary things for extraordinary periods.

And this is precisely what will happen if you consistently execute the defined tasks. You will reach the overall goal.

Summarized, here’s what you need to do to reach your trading goal:

✅ Set a goal
✅ Break it down into actionable tasks
✅ Execute the tasks consistently
✅ Celebrate your success!

If you want to be one of the crypto traders who don’t quit, you can check out Crypto OS. It’s the platform I developed based on the mistakes I made. It contains data-driven trade signals, backtests, trading bots, and much more. Check my X Profile for the link: @ben__crypto23
#trading

Are we ready for a turnaround?

Many alts have suffered some tremendous corrections lately. Moreover, Bitcoin is back at the 67k level and doesn't show much strength rn.

Based on the latest RSI overview chart, I had many people asking if we are ready for a turnaround.

The answer is: Maybe.

Here's what the chart below tells us 👇
The chart represents the average RSI of more than 200 crypto tokens.

Over the last two years, we have had two significant turnaround/support levels. One at ~40, where the market bounced five times.

And an even stronger one between 32-27. Actually, the RSI never fell below.

Currently, the average RSI has hit the first "support" level, so it is possible that we will see a turnaround at this point.

If not, we will likely experience more blood before the next support level is reached.

Let me know your thoughts 👇

#rsi #analysis #market

I keep monitoring the daily RSI chart.

Looks like the market is moving south constantly right now.

Certainly, the RSI is not a perfect indicator. However, especially on the 1d chart, it reflects the market status quite well.

Similar to yesterday, $BTC is better than most tokens - however, today's drop hasn't reflected yet.

I will add some more insights to the chart later in the day and share it here. Will also have some new trade setups based on it.

#analysis #altcoins

The 1D RSI chart provides a perfect picture of the current state of the crypto market.

Tons of tokens are oversold or pretty close to entering the oversold territory.

On the other hand, we have almost no tokens that are overbought at this time.

What does it mean? Usually, we don't see longer periods where the majority of tokens are oversold during a bull market. Therefore, a rebound is likely — except for the case that we enter a longer correction period.

By the way: #Bitcoin is perfectly neutral with a value of ~50.$ETH on the other side, is close to entering oversold areas.

#RSIHeatmap #CryptoNewsCommunity $BTC

$OXT — Bullish EMA Crossover — 13% Potential

The EMA Crossover signal has been one of the most reliable lately.

In terms of OXT, the signal is also backed by a trending ADX and neutral to bullish momentum indicators.

Moreover, backstests show that the signal has been reliable in the past. In 90% the price pumped by more than 10% during the next 30 days.

For the current signal, that potential is calculated at 13%.

#OXT #altcoins #TradingStrategies

$WING — Doing nicely so far.

Let’s see if we get that 16% 🚀

#AltcoinInvesting #Waves👑👑

Thanks to everyone who voted.
More than 220 votes - that’s amazing!

Super interesting to see the results.

Planning to do my first live session next week. However, I will schedule it by the end of this week so you all can join.

Looking forward to it!

LFG 🚀

$JASMY — 0.067 Is On The Table 🚀

With the latest push, JASMY has broke some major resistances and flipped it into support.

Looking at the long-term chart, there’s plenty of room to run.

Obviously, there will be pushbacks but if the sentiment remains JASMY should challenge 0.067 sooner than later.

#jasmyrocket #Jasmyusdt⚠️⚠️

Bitcoin Breaks 70k — Bullish Trade Signals on the Rise 🚀

$BTC has smoked 70k (and 71k) and sends strong bullish signals.

At the same time, many altcoins have printed double-digit gains.

Looking at the daily trade signals we have more than 25 bullish signals for the first time since one month. Accordingly, there’s a high chance of more upside momentum.

Moreover, the last days provided some hot opportunities: $VGX or $FTM are just a few examples. From a signal point of view, the EMA crossover remains to deliver very reliable results at the moment.

🎥 How About Some Live Feeds

Just yesterday I got approved for creating live feeds on Binance.

Before we get the party started I would love to get some input from you.

Most importantly I want to know if you use Binance‘s live feed?

#Binance #LiveTrading #Livegiveway

$COTI — Bullish EMA Crossover on the Daily Chart

COTI flashed a bullish EMA crossover on the daily chart. The signal indicates a positive momentum since the short-term EMA has peaked above the long-term moving average.

Based historical appearances, the signal has a solid reliability. 90% of the signals led to a 10% price increase during the next 30 days.

On top of that, the momentum indicators look good too — MACD is bullish while other indicators are neutral.

The profit potential for this trade has been calculated at 10%.
#tradesignal #Altcoins👀🚀 #COTIUSD

WINGS — Risky Trade, 16% Profit Potential, High Probability

$WING is one of the most interesting signals on the daily chart today.

Let's start with the critical fact: Despite the high historical probability, the trade is still risky!

Some moving averages are still bearish, and the ADX is weak.
However, on the other side, momentum indicators are neutral or bullish (MACD).

Let's talk about the signal: If you've followed my content for some time, you know that the Hyper Scalper signal is one of the most reliable.

Although the amount of historical appearances regarding WINGS is meager, the results are promising. Every appearance followed a price increase of more than 10% during the next 30 days.

In this case, the trade potential was calculated at 16.5%.

#TradeSignal #wingusdt #Altcoinseason2024

Bitcoin is still trading in its sideways channel. In order to get some serious traction it needs to break above 70k.

Increasingly number of altcoins are breaking out of their long term downward or sideways trend.

Looks like time for altcoins is here 🚀

Crypto Trading Status - 3rd June

After a mostly boring weekend price action, the crypto market starts mainly green into the new week.

Looking at the daily chart, the bullish signals are still outperforming the bearish.

Since the daily signals usually require some days to play out, we could see a bullish move soon.

TOP TRADES 🚀
The top trades on the 1D chart are currently $VGX $ALICE and $CHZ .

In terms of Voyager and Chiliz we are riding some nice shorts, whereas regarding My Neighbor Alice we are in the next wave of its massive pump.

Let's see what the week will bring. I will definitely post some trade setups later in the day.

Happy trading!

#TradingSignal #altcoins

$OMG and $WAVES — Two trade signals from the 15M chart that worked out perfectly.

Both short signals flashed right before a significant drop, leading to gains of >20% in just a couple of hours.

Congrats to everyone who traded it! Take your profits!

#TradeSignal #OMGUSDT #WAVESUSDT

JASMY - Apple Partnership⁉️ Overly Optimistic at best and most likely fake!

To get that straight at the beginning: I am a big fan of $JASMY and think it has a huge potential.

However, at the same time I prefer to stay realistic and separate confirmed news from fake.

➡️ What happened
Many JasmyCoin investors seem to think the project has partnered with Apple. As a result, JASMY has soared massively lately.

Nevertheless, to be honest, this is overly optimistic news at best and most likely fake.

➡️ The true part of the story
Tim Cook, Apple’s CEO agreed to add Japan’s “My Number” identification card functions onto iPhones. This was also confirmed by a spokesperson for the Japanese government.

The integration is a huge step since it is planned to collect tax and social security data into a single identification card for Japanese citizens.

➡️ The unconfirmed part of the story
Based on this news, JASMY investors started to spread the news that the cryptocurrency would also be integrated on iPhones.

But, there are currently no confirmed reports from Apple, Japan, or JasmyCoin that confirm this!

To get this clear: I am not saying that it isn’t possible that JASMY will be part of the deal.

However, at the moment there is ZERO evidence for it‼

#Jasmyusdt⚠️⚠️

What’s your Bitcoin weekend prediction? 👇

#Bitcoin $BTC

$SUSHI — 2 Bearish Signals on the Daily Chart — 11% Potential

Today, SUSHI flashed two bearish signals on the daily chart. Both signaling a downtrend potential of 11%.

Both signals have a quite high reliability. Out of 15 historical appearances the prices dropped more than 10% during the next 30 days.

Moreover, most trend signals look bearish. Additionally, momentum indicators are neutral.

#TradingStrategies #AltcoinInvesting #SUSHIUSD

Crypto Market Status — 1st June

May is over and Bitcoin closed in green. However, $BTC did not manage to close above 70k.

On the weekly chart it looks like Bitcoin has retest its breakout (successfully).

On the daily chart, we have the second day in a row with more bearish signals. And it were also the bearish signals that delivered the best performance during the last days.

$PEPE leads the pack of the most successful bearish signals. Trading the overbought RSI lead to gains of 11%.

So, let’s see what the weekend will bring.

Have a great Saturday and stay safe!

Can $JASMY reach $1?

Many comments asked for my JASMY long-term price prediction, and many specifically asked if I think JASMY can reach $1.

My answer is straightforward: Yes, I think it is possible that JASMY reaches $1.

Here's why and when this can happen 👇

Let's start with the limitations:
1️⃣ First off, JASMY won't hit $1 overnight. There won't be a single god candle but a bumpy road with pullbacks and corrections.
2️⃣ Secondly, to reach such heights, we need a fully-fledged bull run similar to 2020-2021.
3️⃣ JASMY needs to evolve and deliver the announced partnerships continuously.

If all of the above happens, I don't see a reason why JASMY shouldn't be able to reach $1.

➡️ JASMY has a circulating supply of ~49B tokens and a max. Token supply of 50B.
➡️ Accordingly, at a price of $1, JASMY's market cap would be ~50B.
➡️ To put that into relation, here are a few market cap numbers from the last bull run:

$ADA : 100B
$DOGE : 98B
$DOT: 50B

Therefore, it is definitely possible (based on the numbers) that JASMY reaches a 50B market cap.

🚀 Summarized: The crypto market is full of surprises. However, based on data and numbers, it is definitely possible that JASMY can reach $1.