As we can see the weekly candle on BTC forms a doji which means it signals to traders about doubts about the future direction of the security's price.
I suspect that those of you, especially spot ALT coin traders, will panic when you see a situation like this, especially when there are many issues and the BTC news will dump very badly.
What is the conclusion? For the time being, there is nothing to worry about for BTC/ALT spot holders if your goal is for the long term, because basically everyone's dream is that by the end of 2024 BTC can reach a price of $100K.
It's just that now, as a critical period, we have to be wary of a double shadow or flash dump for future players. Whether long or short, everything will be crushed mercilessly.
These two things really determine how you can make money from the stock market.
In general, an investor is a person or group of people who invest capital to gain profits over a certain period of time. Can happen weekly/monthly/annually.
Meanwhile, for traders, it is carrying out buying & selling investment instruments within a certain time. Usually this buying and selling activity is carried out over a short period of time, for example days to minutes, in order to gain large profits.
Whatever your method, everything must be equipped with knowledge, insight and high flying hours to obtain consistent profits.
This is a real stock market. It cannot be used as a place for guessing entertainment.
Then, why am I still losing money?
Maybe if you are an investor, when you see a red chart for 2 days, you immediately panic and "Cutloss".
And
Maybe if you are a trader You don't understand the meaning of the word "Stoploss".
$BTC I'm sure a beginner trader must have their own way of analyzing the market.
So an idea was created to manage the right capital and entry.
However, as time goes by, the momentum that should be worked on just disappears because of FOMO, rushing, and feeling like the market is just being used as a guessing quiz which ultimately causes the portfolio balance to slowly erode.
And this keeps repeating for months or even years.
Maybe...... the most important knowledge in the world of trading is discipline and patience in waiting for momentum.