The market is as changeable as life itself, sometimes rising and sometimes falling, sometimes fast and sometimes slow. Life is the same, sometimes joyful and sometimes sad, sometimes clear and sometimes vague. All of this forms a picture. The most interesting thing about the market is that it is a state of mind, the psychological significance of all the players involved. Some people buy in with hope, while others sell out of fear. Everyone has their own emotions, and emotions come and go, rise and fall. So as a trader, what should we do to survive in the market?
- BTC and the crypto market have been continuously declining for 5 months since BTC reached a peak of 126k. At the end of February, BTC was still a strong negative monthly candle, with prices dropping to 59.9k accompanied by a significant increase in volume, the highest since June 2021. This indicates a long and very cold downtrend season is approaching. There is a high likelihood that BTC's downward momentum will not stop immediately; in March, BTC may drop to the 50–53k range and slightly rebound around the 70–71k range. If trading swings, prioritize selling according to BTC's larger trend. - Altcoins have significantly decreased up to this point, with many tokens dropping well below their all-time lows. However, given the current situation, it is highly likely that the market will continue to decline. At this point, spot buying to accumulate will be very risky; consider carefully before investing.
$BTC : The D frame is in a corrective rhythm corresponding to wave 4; The H4 frame is in a rising rhythm corresponding to wave 3 Action plan: today long until tonight to about 69k (creating a peak from now until tonight - tomorrow morning), the D frame will correct at 64k5 (creating a bottom around Tuesday-Wednesday) to rise to about 70-72k RSI: the D frame is at 40; the H4 and H1 frames are at 50 indicating hesitation, the market is waiting for signals from the coins, Choose coin: should trade BTC more; if shorting, short coins that have increased strongly (note that timing is crucial, wrong timing is like blocking a train)
Watchlist: 1/ Day long watch: any coin, prioritize BTC; close at night 2/ Short watchlist (short in the evening): POWER (currently increasing quite strongly, easily swept, showing signs of breaking the peak), SAHARA
$BTC - Since BTC sharply decreased to 63k, BTC has been sideways in the range of 63-70k for the past month. - RSI and MACD from the 3D to D timeframe show signs of accumulation and are likely to increase again in the next 1-2 weeks. - Prediction: Gradual sideways increase to around 68-70k in the next week.
Market overview: - Current trend: The RSI heatmap for the entire market is at 40, slightly decreasing due to recent war news. - BTC.D and TOTAL are sideways in the D timeframe, so the assets will also differentiate in either increase or decrease.
Action: - Focus on long scalps primarily - Watchlist: ATOM, AR, BCH
The feeling of comfort after a long day at work, and you truly relax while looking at the chart and letting your soul immerse in the sound of the market... a feeling that not everyone can understand.. #traderlifestyle