$BTC: Bitcoin scheint die vierte Welle der Welle (c) von b zu durchlaufen. Es wird erwartet, dass der Preis das Unterstützungsniveau von 66.678 hält. Auf Welle (4) sollte in der fünften Welle ein Anstieg in Richtung 73.000 - 75.000 folgen. In dem weniger wahrscheinlichen weißen Szenario würde die nächste Welle nach oben die Welle (3) in Weiß abschließen. Sobald sich ein Top gebildet hat, werde ich den Unterstützungsbereich vorstellen, mit dem wir zwischen dem weißen und dem gelben Szenario unterscheiden können.
#BTC #Bitcoin #ElliottWave #BullMarket
Focus on your strengths in Markets
I experienced a revelation in my trading when I stopped pretending to be something I wasn't, and instead focused primarily on the aspect of the market that resonated with me the closest
everyone is different. we all have different backgrounds, upbringings, innate natures, and financial statuses. it's not baffling to think what works for someone else may not work for you
yet, we often still find ways to fantasize as if it would. our minds are programmed to fall victim to thinking that 'the grass will be greener on the other side', and this fact gets exacerbated by social media
we see others doing something, and the success they've managed to achieve in doing so, and assume those results are replicable for ourselves
I see this frequently. not just in myself, but also in others throughout my many years being involved in this space
a few examples would be:
- trying to scalp trade because others are making unreal amounts of money, even though you're much more comfortable with swing trading
- trying to trade altcoins, when you've previously only been able to trade majors successfully
- trying to trade at all, when you know your strength is to be finding altcoin gems to invest in early
- trying to flip NFTs when you know you only excel in CEX trading
we've all experienced this in one way or another, and usually the result is regret
which is why it's important to keep a few things in mind to combat these thoughts...
stay with me here - this isn't basketball:
> nobody can force you to dribble with your left hand, if you're only good at dribbling with your right
> your opponent can't continuously foul you if you're bad at shooting free throws
> your opponent can't give the ball to the person you're defending, because you're slow on defense
essentially, markets cannot expose your weaknesses. they lack the ability to do so
which means you get to solely play into your strengths, and on your own time as well (this isn't poker either; the market cannot force you to play)
so that means; your job is not to cover all bases and mitigate all your weaknesses. your job is to play INTO your strengths and then have the ability (luxury) of dabbling in your weaknesses when you see fit, i.e:
- a swing trader that has had a nice scalp play presented to them
- a CEX trader that has managed to find an on-chain play in its' infancy
when you're winning in your primary state, you then allow yourself the ability to win in a secondary state as well
(this is also why Crypto Twitter is not noise. it's key to supplement your weaknesses with people who are experts in fields you're weak in. a discussion for another time)
essentially, you should be able to excel as a whole more efficiently when hone in on your strengths because; wins compound, and winners average winners. however, doing so means that you need to accept your strengths and weaknesses, which requires a bit of self-awareness
the fact that you DON'T have to be great at EVERYTHING in markets, is a luxury.
play into that idea.
🚨 BREAKING 🚨
THE LONDON STOCK EXCHANGE
WILL BEGIN CRYPTO ETN TRADING
ON MAY 28, 2024.
INSTITUTIONAL FOMO IS HERE.
BILLIONS MORE COMING IN CRYPTO.
THIS IS GIGA BULLISH 🔥
Bitcoin pumping and alts are dumping?
Bitcoin just broke its previous all time
high and now trading at $72,300. BTC
is sucking liquidity out of everything in
the market and historically Bitcoin is
Always the first mover.
Once Bitcoin peaks and stabilizes in
price we will see money flowing into
ETH which haven’t pumped as much
as Bitcoin and we will see massive
amount of liquidity moving to ETH.
This will pump ETH hard, $5000+
easily. This will bring a lot of retail
and confidence in the market. This
Is the time when whales will start
Pumping random alts.
Then we will see massive interest
of retail and we will see the 10x
altseason, we can even see 100x
altseason earlier this cycle looking
at the performance of Bitcoin,
Bitcoin pumping, Then ETH , then
Mid caps then Altseason 10x-100x