THERE ARE CERTAIN PATTERNS THAT MAY SEEM ODD BUT THIS IS WHAT THEY WILL SIMPLY TELL YOU
Upon reading this article, you will have never thought that this could change your entire trading life. Until it does!
There are certain facts in the crypto market that is helpful most of the time. Including relevant news, market structures and as well as trading decisions of the whole market. Taking into account of all these facts will assist you in gaining a clearer perspective of what's to come. The 'what's to come' is pertained to the price action of the crypto market. This then becomes the reason why we have to understand several facts in the crypto market.
FACTS of the crypto market includes but aren't limited to:
1. The crypto market is an everchanging cycle of market phases which forms every market structure that we can see right now.
2. Trading patterns are there for a purpose. Even when they don't seem to make sense sometimes. They will always have a purpose.
3. Rational way of trading will always prevail rather than emotional trading. The crypto market will never adapt to your emotions instead it will tell you to adapt yourself to itself.
4. You don't gain without taking a potential risk. Almost everyone is prepared for 'profits' and not the possible 'losses'.
5. Risk management is better than any analysis/strategy that anyone could ever have. It doesn't only allow you to make better trading decisions but it will also make your portfolio survive on any market scenarios, even when it's at harsh conditions.
6. Once you see a confusing market pattern. It's best to avoid trading during that time and let it be for awhile. The crypto market will always present equal opportunities. Therefore, taking trades once the market patterns are more understandable is important.
There are more facts in the crypto market that not only aids in every trader's market decision but also embodies the whole mindset for an upcoming expert trader.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.