$BTC will continue to be choppy at least until the end of this month. The bears are having the hand nowadays although they can't also force BTC to go much lower than 95K.
I am feeling the market is just waiting for the right conditions to explode the bull run, and because of the very low volume we are having now it can happen anytime soon.
Problem is it will not be a consolidated bull run because there wasn't liquidity created before. The makers want to make quick money. So it will climb and fall very fast, very reactive.
Pay attention to your trades. Don't risk too much capital, and leave a good chunk of collateral, at least 70% of your portfolio to avoid liquidations.
There is not an easy way to make sustainable profits nowadays. Go easy on your trades 🙏
Not feeling the bullish sentiment that I see on lots of people. Let me tell you why:
1. BTC dominance continues super high at 58% today. Doesn't look it will descend in a near future.
2. Total Market Cap at 3.36T, after falling more than 10B on the last days, without signs of recovery.
3. The "Trump" effect starts to fade away. Any directives he would like to implement for crypto will take time because he might have been overly ambitious.
4. There is a lot of FOMO and FUD nowadays. Spikes everyday, with super high price volatilities on $BTC and on the alts. Lots of anxiety for people to quickly secure profits or dump on the first signs of losing.
What we need to understand is that there is no dump or pump. There are only trading opportunities.
The less you bias yourself with a market trend (normally the bull market) the less you will miss trading opportunities due to being biased by that.
Look at the charts, news, make your decision, but don't make it with your bias. Remove your psychology from thinking that a bear market is bad. No, a bear market is as good as a bull market if you see it unbiased.
For instance, I open shorts or longs on my bot algorithm, because I believe I need to follow the market, not trying to have my trades following my bias.
$BTC continues to be the mother of all crypto trading tokens , but you need to remember that your token drops because you sell ! It has nothing to do with BTC
Only when the crypto traders resolve the mega-FOMO with BTC is when the crypto market will stabilize without being dependent on BTC volatility
I hope hope that mindset change wil come soon for the sake of the crypto market
Each time you open a market order, you might have already have lost the profit opportunity. Why? because thousands before you already opened their limit orders on the point where they are already making profit.
Never enter a position without first DECIDING where you want to enter de position. Then put your limit order and wait. Patiently.
If the price is almost reaching it and rebounds, don't do anything. At the end, then remove the limit order and do your analysis again to place it back for the next dip. And again, wait.
Trading is a game of patience. Not a rats race.
Also, a market order only benefits the Exhange, Highest fees, since you're not a maker.
You need to learn how to use the right trading strategy to ensure that you profit whenever the market trends bearish or bullish.
Don't try to chase the losses. Don't believe on everything you read and see.
Use risk management, don't worry if you sold too early. Better to make sustainable small profits than try to make the million in one trade.
Never open Market orders. Never open one single limit order. Never use only a single take profit to close your position. Use a laddered trading approach for both limit orders and profit take orders.
Go slowly. Consistent. Confident even on bad days.
When you have a trading strategy that you believe, improved with a solid risk management, and a threshold for profit taking, and you are fully disciplined to use it, then you don't care if the market is bullish or bearish