Passion and motivation, which are directly linked, are necessary, but inevitably, they wane. Discipline remains.How many times have we questioned ourselves? Where would I be today had I not quit that specific activity?This is just a reminder for my future self that I should never quit and continue pursuing my objectives with zeal and tenacity.As I said in the previous post, I have embarked on an exciting journey and anyone is invited to join me. The journey is one of learning; I am starting from the ground-level, with little to no experience. I want to see how far-fetched is the idea of becoming a profitable trader, and not only. I want to know the ins and out of crypto, so anyone more experienced is welcome to correct me if the concepts I am learning are wrong.The e-book I am currently reading started off by explaining the cycles & phases of a market. Prolific traders well before our times observed and attempted to decipher the market progression. Three traders stood out from the crowd; more precisely, Charles Dow, Ralph Elliot, and Richard Wyckoff.They definitely paved the way for modern technical analysis, but do their principles apply to the cryptocurrency markets? I think they do because they all approached their analysis from a psychological perspective of supply and demand.Dow Theory suggests that major market trends are composed of three phases: accumulation phase;trending phase;distribution phase;The accumulation phase is like a sneakier period when smart investors are quietly buying or selling digital coins, even if it goes against what most people think. During this time, crypto prices don't move much because these sharp investors are either soaking up or letting go of coins that the market is offering or demanding. Eventually, the rest of the market catches on to what these savvy investors are up to, and boom, we hit phase 2 with sudden price swings, starting a trend. This trend keeps going until everyone starts going crazy with speculation. Then, the smart investors start selling off their crypto stash to the market.The above assertion clearly illustrates the psychological perspective of each phase. While these models might have their utility, they lack a quantifiable approach to understanding market phases. If I were to open a chart and start trading, would it truly be helpful to subjectively label emotions in an attempt to explain price movements? When would I determine that price shifted psychologically from pessimism to panic?It seems more practical to stick to the three phases outlined in Dow Theory. The simplest explanation is usually the better one. The key takeaway here is that markets evolve through three distinct phases or cycles, which together form and complete market trends.#Write2Earn #TradingTips" #LearningTrading #LearningOpportunity #LearningIsImportant

In the journey of life, it's crucial to understand that we are the architects of our destinies, not mere bystanders or victims of circumstance. This shift in perspective empowers us to take charge of our lives and create the reality we desire.Rejecting the Blame GameBlaming external factors or individuals for our feelings and circumstances only reinforces a mindset of scarcity, perpetuating a cycle of lack. The Blame GameThis victim mentality can become a self-fulfilling prophecy, hindering our ability to attract abundance into our lives.The Power of FocusWhere attention goes, energy flows. By dwelling on scarcity and limitations, we inadvertently invite more of the same into our reality. The Power of FocusRedirecting our focus towards abundance and opportunity allows us to manifest positive outcomes.Conscious Awareness Leads to TransformationBecoming conscious of our subconscious thoughts, behaviors, and emotional responses is essential for effecting meaningful change in our lives. Conscious Awareness Leads to TransformationBy identifying and challenging limiting beliefs, we open ourselves up to new possibilities and experiences.Harnessing the Power of BeliefBeliefs serve as the foundation upon which we build our realities. The Power of BeliefBy adopting empowering beliefs, we can unlock greater success and abundance, both in life and within the realm of cryptocurrency.Empowering Beliefs in the Crypto Space1. Crypto: A Gateway to Wealth Creation: Recognizing cryptocurrency as a unique opportunity to amass significant wealth in a relatively short timeframe fuels a mindset of abundance and opportunity.2. Putting Money to Work: Viewing cash not as a static asset but as a means of exchange encourages us to invest wisely, allowing our money to grow and multiply over time.3. Questioning Fiat Currency: Understanding fiat currency's shortcomings as an economic model empowers us to seek alternative stores of value, such as cryptocurrencies, which offer greater stability and security.4. Embracing Stores of Value: Recognizing the enduring value of assets like gold and cryptocurrencies reinforces our commitment to preserving and growing our wealth over the long term.5. Seizing Early Opportunities: Believing in the vast potential of the crypto space and positioning ourselves as early adopters allows us to capitalize on future growth and innovation.6. Consistency Breeds Success: Adopting disciplined strategies like Dollar-Cost Averaging (DCA) enables us to navigate the volatility of the crypto market and achieve sustainable growth over time.7. Unlocking Financial Freedom: Embracing the mindset of abundance, coupled with patience and determination, empowers us to attain financial freedom through cryptocurrency investments.In conclusion, by acknowledging our role as creators of our realities and embracing empowering beliefs, we can chart a course towards greater abundance, fulfillment, and success, both in life and within the dynamic world of cryptocurrency.🪷$BTC $BNB $SOL #TrendingTopic #Write2Earn #BTC #learntoearn #LearningOpportunity