‼️ ⚠️ The experience gained after 1 year of trading has taught me how to turn $2500 into $250 like this?
1) The market is always Fearful and Greedy, buy when they are Fearful, sell when they are Greedy
On May 22, $BTC set a new peak of 110K, causing the market to be both excited and fearful as it did not know whether the index would continue to rise or fall sharply.
You check through the measurement index below, you will see when BTC reaches this peak, it will be very difficult to rise further. At most, it will sideways a small segment of 2-3K more upwards and then will start to drop down. Because when the market is greedy, many sharks will want to take profits.
You are a small fish, need to follow the big waves.
Don’t go against the trend at this time!
2) Trading seasons in the year: There will be 2 main seasons: THE PROFIT TAKING SEASON from December to March each year, and the accumulation season from March to September each year. The remaining time, the market will often sideways to exhaust the psychology of traders, encouraging them to leave the market.
Therefore, choosing the right moment to hold goods and the right time to sell is also one of the important things that help you protect your assets.
3) Trade according to the Trend:
The cryptocurrency market consists of:
+ 30% are professional traders who can read and analyze Chart graphs
+ 40% are amateur traders, following large FOMO groups, placing orders, lacking experience and knowledge... easily getting angry and hard to manage trading emotions.
+ 20% are sharks, large investors, market makers
+ 10% are retail investors, buying spot and leaving it there.
Therefore, you will see, it is very difficult to survive in this trading market if you do not clearly understand the patterns on the chart.
Please refer to my model below
