a bearish pattern. take care of buying long of this pattern.

#BTC/USDT🔥

The reason why I don't trade on this level.

We know for a fact that based on a strong price action that the Bitcoin and the whole crypto market is in a bullish long term trend.

However, the current price is too parabolic and too high for it. We need a healthy pull back or a reaction to sustain the trend.

So, at this level, we don't know what we trade. Long or short? if we became an overextended short. We lose money.

If we enter a long position too early. We lose money.

Trying to anticipate the price movement of the market on this level might cause you to take multiple cut losses and will take a hit to your capital.

A capital that we should have when the next rally starts. Of course after the pull back.

As a trend follower trader like me. I hate this price level.

Good luck!! and happy hunting!

#Write2Earn

#API3/USDT

Never ever trade a strong token specially when the price action is currently happening or in very volatile nature.

Many traders get liquidated with an idea of shorting the top price of a current trending token. But they didn't realize that usually, a strong rallying token will continue to go up once they accumulated a significant amount of short seller to squeeze.

The strong token usually goes up even more because of the liquidation or cut loss of the short seller. That's why I always advise people to wait for the price to be dull and weak before short selling it.

Don't try to sell the top price. You're just putting more risk and losing more capital the more you try to short the top price.

Api3 is the same as ID, it's still bullish in my analysis.

Good luck and happy hunting!

#Write2Earn

#OP/USDT

As I mentioned in my previous post. The #OP/USDT is a bullish token. I believe that it will soon break out the all time high and will make a 100% to 200% price action.

Usually, after long consolidation. The price that breaks the all time high becomes too bullish that it can go as high as 100% or 200%.

I now have an entry point. As my trading strategy, I will hold and hold tight to ride this bull market specially the #OP/USDT token.

Not just hold, but I'm also gonna add more in my position the more it goes up. For my risk management, I usually don't use average down as it is more risky and prone to wiped out your entire fund.

I am more on cutloss and average up. When the price continue to move in my favour. I will add more. However, if the price didn't go in my favour, I will cut my losses and cut it quick and small.

I believe this strategy is called pyramiding. 25% for initial entry. If I am correct, I will add an additional 25% on a good entry point. Then additional 25% then the last 25%. For as long as the price is continue with my bias.

If in case that in my initial 25% shows me a loss and hit my cut loss point. Then I will cut my losses quickly and reanalyze my trade.

So, for now, I am just holding tight and looking for a good new entry point.

Good luck and Happy hunting!!

#Write2Earn

#BTC/USDT🔥

This is the area that usually I don't open a trade, hold a current position or take profit on my long position.

I believe that Bitcoin and the whole crypto market is bullish in the long term. However the current price level of bitcoin currently is quite dangerous for short term long positions specially if you do not have a very good buy area.

So, as for my risk management. I usually don't trade, hold my current position or take profit in my long position. Opening a new position in both short or long positions is a bit risky in my risk management. Since it may be very volatile at this area or I may not be able to put my position in an ideal area to avoid a shake off.

Sometimes waiting without any position is a very good risk management method to protect your profit, capital and your psychology for the next good move of the market.

I hope this helps any of my readers to get an idea on my risk management technique.

Good luck and Happy hunting!!

#Write2Earn #TrendingTopic

#ID/USDT

This is the moment when luck meets opportunity!

Whenever the price consolidates in a specific area for too long that the 20 moving average catches up. It usually continues to go up even more

When the price pump, then consolidates and then goes down immediately , it calls distribution.

But!! when the price pump, then consolidates for quite a long time without breaking down in a certain area. It will shoot up sooner or later and it calls accumulation.

please note that the accumulation is not only happening in the bottom. It can also and usually happens in the top. specially when it nears all time high.

Good luck and Happy hunting!!

General Condition 101 - part 1.

There's my favourite line in one of the netflix series. The fall of the house Usher, when Verna says the line "This is the moment luck meets opportunity".

That's like in trading, you need to wait for your luck to meet your opportunity and I believe that the correction in the longterm trend of Crypto Market is that moment.

A trader needs to preserve their arsenal by all means necessary and wait... wait for that moment when luck meets opportunity.

Yes, I believe that bitcoin and the crypto market is bullish and not just bullish but a devil deal like bullish that will change ones life upside down. But I'm saying to pull the trigger and unload all of your arsenal recklessly. No.. not like that.

As a trader or a speculator, we must wait for the right moment when our luck meets opportunity and pull the trigger little by little until we use all of our arsenal in a trade or position. And if we get it right.. and at the right time.. we must hold that position and maximize the return until the curtain falls down or the trend reverses.

Do not give up your good position too early. Instead add more money on your winning position little by little whenever there's a healthy corrections in the trend.

Do your own research, good luck and Happy hunting!

#Write2Earn #BTC/USDT #crypto #trading

#SEI/USDT is still denying every attempt to reverse the bearish trend. I am still bearish with this crypto, but I will not add or open an additional short position at this moment and price level.

Holding, waiting and watching is the only thing that I can do at this point. Because I believe that opening an additional short position at this level is quite risky.

SEI is still bearish but the bitcoin is gaining quite a bull support and denying any attempt to break down the price. It is a bullish indication that the price of the bitcoin might start a new rally to continue its long term trend. Or continue to consolidate in this current level.

Even if Bitcoin consolidates at its current level, I believe that #SEI/USDT is still in a bearish trend.

Always do your own research and never ever based your whole trading decision in a single analysis.

Goodluck and Happy hunting!!

#Write2Earn

#OP/USDT

During the correction in the crypto market, OP is one of the crypto that remains optimistic in its price.

This is a good indicator that the price may be bullish in the next few days. I will be waiting for a good pull back in the price before pulling the trigger.

Also, the bitcoin must maintain its price level or must go up to confirm that the market will now continue its longterm bullish trend.

I believe that the #OP/USDT price action will look like the #INJ/USDT price after breaking the all time high.

So, for now, I will be watching closely the OP and look for a good entry area before opening a position.

As always, DYOR, good luck and happy hunting!

#Write2Earn

#FET/USDT as I mentioned in my previous post.

The #FET/USDT is in pivot in the 100 moving average and the price will usually continue in the direction of the next candle after the pivot.

For anyone that's asking, what's the pivot of the price? It's usually happening on a major support/resistance and showing a double bottom/double top. 20 and 100 moving average is a major support based on my analysis. When the pivot is showing, the price will either reverse the trend or continue it. This is the time to watch the price in which direction it will go.

#FET/USDT continues its path in a downward correction. The next support that may cause a bounce or reversal of trend is in 20 moving average in the weekly time frame.

As I mentioned before, longer-term time frame is usually stronger than the shorter-term time frame. Let's see what will happen in the #FET/USDT and bitcoin next week.

I still believe that this week will be quite gloomy in the crypto market.

As always, DYOR, good luck and happy hunting!

#Write2Earn

Technical Analysis 101 - Part 1.

The longer time frame is more powerful than the shorter time frame. What I mean about this is that usually the price follows the longer time frame than the shorter one.

Yes, there might be a shake off or some violent price action but usually the price follows the pattern of the longer time frame.

You can also use the longer time frame to determine the trend for your shorter time frame. This is useful for people that's day trading or scalping.

Please note that this is not 100% working as trading is a game of probability. Nothing in trading and life is 100% sure. There's always a possibility that the pattern is good but suddenly the price surge/move against your bias because of some macro/socio economic news or some fundamental changes.

See the image below, as you can notice, the 5 minutes time frame chart of #SEIUSDT . Some people specially those that are aware of the RSI - Price divergent pattern might trade this.

But when you look at the 4 hour time frame, you will notice that the price instead is broken down from a consolidation.

Then upon looking at the weekly time frame, you will notice that the price of SEI shows a "double top" pattern then after that. The price try to break up the "double top" pattern but failed to do so.

That's why on my previous post, I am quite confident that the #SEIUSDT is bearish. Usually the failed break out is a bearish signal specially if it happens in a longer time frame.

In conclusion, you should always consider the current people's sentiment before triggering any trade. Don't base your trade solely in one analysis. You can both use technical analysis and fundamental analysis at the same time.

That's all for today. Good luck and Happy hunting!

#Write2Earn #SEIUSDT

#FET/USDT The age of Artificial intelligence.

The 100 moving average will be the pivotal point which dictates the possibilities of the direction of the price.

If the price of the FET closes at a good green candle today (sunday) then it will have a strong possibility to continue its trend upward in the long and medium term.

However, if the price continues its course to go down today (Sunday) then it may have a deeper correction.

This is the time to just watch the price to where it goes before pulling the trigger.

As always, do your own research. This is just an opinion based on my analysis and never bet your money based on other people's analysis.

Happy hunting. Good luck!

#Write2Earn #FET/USDT #Fetch.ai

#SEIUSDT

As I said in my previous post. SEI is a quite bearish coin. I believe it is better to short or avoid opening a long position on it in the next week.

Looking at the weekly chart. it looks like there's no support yet for the bull.

do your own research and be careful. happy hunting everyone!

#Write2Earn #SEIUSDT

**Bitcoin's Short-Term Outlook: Navigating Choppy Waters**

Bitcoin, the flagship cryptocurrency, is currently facing a turbulent landscape characterized by short-term bearish sentiment. But I believe that the Bitcoin's long-term prospects remains bullish.

**1. Technical Indicators: Bearish Signals**
Technical analysis of Bitcoin's price movements reveals several bearish signals that suggest a short-term downturn may be imminent. Indicators such as moving averages, relative strength index (RSI), and MACD (Moving Average Convergence Divergence) are showing signs of weakness, indicating that selling pressure may outweigh buying interest in the short term. Additionally, key support levels have been breached, further exacerbating the bearish outlook.

**2. Regulatory Uncertainty: Cloudy Skies Ahead**

Regulatory developments have also contributed to Bitcoin's short-term bearish bias. Increased scrutiny from regulatory authorities around the world, coupled with the potential for stricter regulations on cryptocurrency exchanges and trading platforms, has cast a shadow over the market. Uncertainty surrounding tax implications, compliance requirements, and the legality of certain Bitcoin-related activities adds another layer of complexity for investors and traders, potentially dampening enthusiasm and triggering sell-offs.

**3. Market Sentiment: Fading Optimism**

Market sentiment plays a crucial role in driving Bitcoin's price movements, and recent sentiment indicators suggest a shift towards a more cautious and bearish outlook. Investor sentiment surveys, social media discussions, and sentiment analysis tools indicate waning optimism and increasing skepticism among market participants. Negative news coverage, regulatory concerns, and fears of a potential market correction have all contributed to a decline in sentiment, making it challenging for Bitcoin to sustain its upward momentum in the short term.

#Write2Earn #BTCBearish

#Sei is showing a bearish pattern specially on its 1h time frame.

Usually, after a series of sell off/buy off then the price consolidates without any move at all then the 20 MA (orange line) catch up with the price. It will continue the trend in whichever is the direction.

And that direction for SEI is downward or in bearish. The best suggestion that I can offer is to wait for the 20 MA to catch up to the price to make sure that the pattern is completed before opening any short position. Any irregularities with the pattern should be considered as it may cause a trend reversal against the short side.

I suggest to do your research and don't base your trading decision in a single article or chart/tools or entity.

That's for today, good luck and happy hunting!!

#Write2Earn #Sei

I usually just react on the market move rather than predict where it is going.

It is to avoid any bias psychological mindset on myself. When I say bearish now might become bullish an hour later depending on the action of the market.

don't overthink about things in trading. It's better not to do anything or stay in a winning position than try to get all of the fluctuations. The only time that you need to react and do things faster is when you're losing. Cut the losses quickly and let the profit run.

For now, yes, I am bearish. But this does not change the fact I will change my strategy when the market changes its direction.

happy speculating!! my advice to a new trader, read about the Reminiscences of a stock operator by Edwin Lefevre

#tradingstrategy #bitcoin

$BTC

it looks like we're now entering a dull and a bear market for now. Based on my analysis, usually when the price hits the 20 Moving average the 3rd time, it will break down. Low volume during the last rally shows that there's not much follow up to support the continuation of an uptrend.

My suggestion for now is to wait and keep watching the market on what it would do. Wait for the blood bath to stop and the price to form an accumulation before you start buying again. Watching before all cards show before betting as this is not a poker.

happy trading!

This move in BTC now confirms the continuation of bear movement. Beware of bull trap and fake rally on this moment on. I still believe on cryptocurrency on the long run but it is always better to protect your capital.

So that you will have an ammunition when the bull comes back.

Happy Shorting! if you don't know how to trade, then don't trade for now and wait for a good opportunity to accumulate more coin.

#trading #bearMarket #crypto2023

As I posted on my previous post, beware of Bull trap. I still believe that we are on short term bear market. If you're looking for a buying opportunity, I suggest to hold you cash for now and start buying whenever the blood bath subside.

That is the safest way to accumulate a nice amount of token for investment or non margin/spot trade for mid to long term trade.

Happy shorting!

#trading #bearMarket #crypto2023

One of my most favorite quote from my most favorite idol trader:

"it always pays a man to be right at the right time."

- Jesse Livermore

When trading, it is not enough to only ve right. You must be right but also in the right time.

In real estate it is about location, location, location.

But in trading it is about timing, timing , timing.

happy trading!

#trading #crypto2023