#BTCPrediction I'm watching for a break out of 105050 or break down of 104350 with high volume👍 If it goes upside a sure 1000-2000 move it will give. If downside I'm hoping 99500 for next support. A little consolidation at 102350 is expected. 😎 #BTC #futures #BTCUSDT
I've been in the market for about four years now. My first year was all about understanding how the market works—I never did paper trading; instead, I traded with real small amounts to get hands-on experience. I explored leverage, option buying, lot sizes, position sizing, and how brokers operate. That entire year was dedicated to building my foundation through real exposure. By the first half of my second year, I had learned almost every strategy and trading concept in theory, along with how to code strategies in Pine Script. I followed almost every trader on YouTube, watching their live trades and absorbing their insights. One thing that stuck with me from all those mentors was that trading can lead to financial freedom, but it doesn’t happen overnight. I also learned that, if mismanaged, it can wipe you out faster than any business. This made me focus heavily on risk management—I only risked what I was comfortable losing and never let greed take over. At that stage, I was winning some trades but losing it all back because I was too curious. I wanted to go deeper, testing why certain moves happened the way they did. Most of the time, I let the market slap me on purpose—I needed to experience those painful lessons firsthand to ensure I wouldn’t fall for the same traps in the future. That was my first 1.5 years in trading. During that period, I also learned: To limit my watchlist to just five markets instead of chasing everything. The more I traded in a day, the more I gave back to the market—so I cut my trades down to just three per day, strictly based on my best strategy. That Risk-to-Reward with strict Discipline is the closest thing to a holy grail in trading. By the second half of my second year, things started to turn around—I finally went consistently green. Here is the thing I want to share from my experience if anyone needs it: People often say trading is all about the mental game; keeping emotions in check and mastering psychology. While that sounds good on paper, it unintentionally creates unnecessary stress for traders. Why? Because it makes them believe that if they fail, it’s because their mindset isn’t strong enough, rather than simply needing more experience and analysis. Here’s the truth: trading isn’t about some abstract "mental game" it’s about how long and experienced you’ve been in the market. Experience Over Psychology With time and proper analysis, you start to see patterns, market structure, and liquidity traps without overthinking. It becomes second nature to spot the next move or when to avoid the market altogether. No amount of psychology tricks can replace raw market time and real-world experience. The only psychological factor that matters? Probability and Discipline. Understanding risk-to-reward and probabilistic outcomes with strict discipline to trade only the best set-up is the closest thing to a "mental game" in trading. But even that is rooted in numbers, not emotions. Final Thought- Next time someone tells you trading is all about psychology, remind them: experience sharpens intuition, not mindset hacks. The longer you’re in the game, the clearer the market’s movements become. Remember, Rome was not built in a day and so goes with trading. And Don't ever trade with Amount you are not comfortable to lose. -Silverfox Walls Nagaland
Trading Strategy Update: Key Levels to Watch After Recent Pivot Top
On 27 September, the market made a significant pivot top, marking a potential shift in sentiment and providing traders with crucial price levels to monitor. As we navigate this new phase, the current market dynamics suggest taking a more structured approach to entering long or short positions based on key breakout levels.
Key Levels to Monitor: Long Trade Setup: If the price breaks above 66,500, it could indicate renewed bullish momentum. In this scenario, traders should look for long opportunities, as a break above this level could signal that the market is attempting to establish a higher high and resume the uptrend.
Short Trade Setup: On the flip side, a break below 64,500 would indicate bearish sentiment, making it a viable entry for short trades. This would suggest the market is losing strength, with sellers taking control and pushing prices lower, potentially targeting further support levels.
Why These Levels Matter: The 66,500 resistance acts as a key psychological barrier that, if breached, could lead to a surge in buying activity. This would be the level to watch for those anticipating a bullish breakout. On the downside, the 64,500 support is crucial. If the market fails to hold this level, it could accelerate downward pressure, allowing traders to capitalize on the ensuing bearish momentum. Conclusion: For now, the market remains at a crossroads. Traders should remain patient and disciplined, entering long positions only after the price breaks above 66,500 or shorting if it falls below 64,500. Staying within these parameters will help mitigate risk and ensure you are trading in line with the prevailing trend.
Remember, always use appropriate risk management tools, such as stop-losses, to protect your capital, and monitor the broader market environment for additional confirmation signals. $BTC
BTC/USDT Analysis – September 23, 2024 (21:00 UTC+5:30) In my last update, I suggested a potential long entry for a quick scalp if BTC broke above $64,200. The price did reach that level and went up to $64,700, offering a 500-point move. If you managed to catch that trade, I hope you secured some profits!
Currently, BTC has retraced from $64,700 and is consolidating around $63,100. We can consider a short sell opportunity if the price breaks the recent support at $62,950.
Short Sell Targets: TP 1: $62,750 TP 2: $62,550 TP 3: $62,350 As always, manage your risk and trade carefully around key levels.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and can lead to significant losses. Always do your own research and consult with a professional before making any trading decisions. Past performance is not indicative of future results.
#BTCUSDT BTC/USDT Analysis: Key Levels to Watch After reaching a pivot top on Friday, September 20, 2024, BTC has been trading in a tight range between $62,500 and $63,500. This consolidation makes it challenging for new traders to find safe entry points in the current market conditions.
For new traders, I recommend waiting for a clear breakout before entering a position. A safe short sell opportunity may arise if BTC breaks below $62,300, with a potential target at the $61,700 level. On the other hand, I don’t recommend taking a long position unless BTC successfully breaks out above $64,200.
Key Levels to Watch: Short Sell Trigger: Below $62,300, with a target at $61,700. Long Entry: Only above $64,200. Patience is key right now. Let’s wait for the market to show its hand before making the next move.