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CryptoUB-1
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BTC / Bitcoin
Very cautious until
Bitcoin
reclaims $106.1k
#BTC
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When you're obsessed with being right, every trade becomes personal. - Losing feels like a massive failure. - Winning is proof that you're a genius. You hold yourself to outcomes because it protects your ego. Bad traders want to be right while good traders want to be consistent. That's why bad traders get so offended if people have a different point of view.
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It's absolutely fascinating to see people bear post or panic DIRECTLY at Support. Why does this happen? Everyone just reacts to a LTF candle or two and not the overall context of the chart. They ignore the fact that it's almost "supposed" to look bad before the bounce. - Weak hands cut their positions. - Impatient shorts pile in. - Liquidity has been generated. - Price bounces.
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Trading is much easier when you focus on coins that fit within the current narrative and have consistent mindshare. Look at FARTCOIN over the last few months...
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The market doesn’t owe you a setup. Wait until it gives one. We are equally blessed and cursed with a 24/7 market. Unfortunately it means A LOT of time spent at the PC taking awful setups. While you're at the PC it feels like you NEED to be in a position in order to be productive which isn't true. You need to do your best to have patience and really wait for your setups to develop - regardless of how difficult it is at times. Simply having patience will save you so much money and frustration it's shocking.
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Bitcoin / BTC I've discussed the $106.1k level for several weeks now. The level has even more confluence with the consolidation below the level before the eventual breakout. This will be my big BTFD zone *if* I get it.
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