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CRYPTO MECHANIC

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if you missed my update on $BTC yesterday 
watch it here 👇🏼

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CRYPTO MECHANIC

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If you watched my $BTC video i uploaded earlier this week. I did say i wouldn't like an instant retest after this move up. I also posted my trade plan on monday that I'll buy if i get this pullback. Although i executed my trade but I wouldn't be surprised if this turns out to be a failed setup and the reason is obvious as i explained in my video You may ask then why i took this trade if i don't like it? it's about risk and reward, My risk is small here compared to my reward. The invalidation level is clean. A hold below $61k will invalidate my plan. I don't get scared in executing my plan because this is what i always do. Ready for whatever the outcome i get.

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Explain this market condition in one line?

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A few days before i shared how you can identify fakeout / traps in market Here is the most recent example you can see on the $SUN chart This $0.041 was a clean trap and it's down 30% since then This strategy can help you to prevent so many losses and you can cut your position early if you buy a breakout and it ends up as a fakeout.

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Key $BTC zone that i want to see price holds.

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The market will do whatever it wants to do. You have no control over it. Your analysis/forecast means nothing. Analysis-Focused traders will always lose money. Because they are addicted to their biases, forecasts and will never listen to the market. Do you feel bad when your analysis goes wrong? Do you find it hard to accept you were wrong? If yes - you are analysis-focused. Here's how to Fix It! *Change your Focus* You truly DO NOT need to know what will happen next, to make money. What do you need to know then? How to Flow with the Market. Stop trying to catch tops and bottoms. Stop trying to predict moves and levels. Drop your Expectations and start Listening. What are the Higher-Timeframes telling you? Where is the Current Price Action pointing to? What is the closest and most obvious liquidity? All the clues are on the charts. Stop forecasting. Start listening.

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