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CoBit
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有人敢去#XML 碰运气吗?
#Stellar
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How passion and patience can lead you to financial freedom
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As I mentioned previously, the failure to confirm a potential pattern (in Bitcoin's case, a Head and Shoulders) is often followed by a significant drop, as we've seen. Right now, the chart is forming a double top pattern (bearish). So, everyone should pay close attention to its potential formation or lack thereof, because if it doesn't confirm, we could see a similar scenario to the failed previous pattern, though in this case, the outcome would be bullish. This increasingly frequent failure to confirm classic patterns has a psychological basis: since everyone is familiar with these patterns, they assume they will happen, causing the opposite to occur. Therefore, right now, these patterns become an extremely important tool to trade against and achieve good profits. #BTC☀
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Why copying other traders won't make you successful
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It's essential that before the next crypto market bullrun, investor disinterest sets in. The more disinterest there is, the more people will be caught off guard and miss the boat until FOMO takes hold of them. By then, it will be too late for them because the rise will be so rapid that they'll only manage to enter during the final phase of the bull market. Others won't be able to enter because they'll still be waiting for prices to recover to their previous purchase levels to recoup their losses. Or they simply won't believe that this is the definitive rise and will stay out for fear of further declines. So, who will be the winners? Those who have liquidity to enter during the market's most discouraged moments. Those who buy then will get the biggest piece of the pie and will sell when FOMO hits the latecomers.
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Arweave bouncing right off the daily support line, aided by a doji candle followed by a bullish candle, indicating high probabilities that the upward movement will continue. Stop loss set below the support line. #AR
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