Confirmation bias is real. | Adaora Favour Nwankwo on Binance Square

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Adaora Favour Nwankwo

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Confirmation bias is real.

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Adaora Favour Nwankwo

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📌We have two types of indicators 📌Leading indicators and lagging indicators . RSI is a lagging indicator. 📌A lagging indicator is an indicator that lags (market has done what it wants to do and is showing you as it is doing it.) 📌A leading indicator is showing you what is about to happen or likely going to happen and you bank on that to form a bias . A typical example of a leading indicator is usdt dominance and btc dominance and alts dominance . That’s another level of charting . If you understand how those things work ,you will understand money movement. You will understand general market direction . Another leading indicator is support and resistance . Trend lines , those ones tells you about potential movement that will happen . That is why you can see your RSI showing market is over bought ,yet your Trendline is screaming we still have room for possible pump o There is a resistance I might still go and touch , calm down and watch me. So don’t just bank on RSI cos market can go double the distance it has gone especially if manipulation now sets in. To stay ahead in this game, you must learn, relearn and unlearn.

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I don’t know about you but All weapon formed against me, makes me prosper . Gm

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🔽Altseason Index Hits Lowest Since July 2024 – What’s Next? The Altseason Index just dropped to its lowest point in nearly a year. The last time we saw these levels, $BTC was trading around $66k. Fast forward to today — Bitcoin’s in a similar zone, but alts are barely moving. That could mean this is the perfect time to start hunting for real gems. Historically, the strongest alt rallies begin when nobody’s paying attention to them. Do I believe an Alt season is coming even with this chart? No, I don’t….untill BTC loses dominance.🥰

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Blum Airdrop Claim is Live! 🪂 Head over to your Blum Telegram app to claim. $BLUM current price: $0.10 Just a heads-up, only 30% is available right now. If you claim today, the remaining 70% gets burned instantly and is gone for good. To unlock the full amount, you'll need to wait. It gradually unlocks over 180 days, the longer you wait, the more you get. @OhmsDAO

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People will forget you no matter how intelligent you think you are . No body cares about your Intelligence or wisdom. You by yourself must place a demand on it. You must place value and negotiate accordingly what you are worth. That’s the way the world works. Remember that man in Ecc 9 : 15? The man who saved a city but was still very poor? That man is wise but not intelligent. Because how can you have that level of wisdom to save a whole city and yet you didn’t place a demand on such value ? Guess what? The City was saved but he was forgotten because he was poor. Don’t be a wise man and remain poor… Your wisdom is an asset. Use it…No one remembers a poor man sadly.

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