99% of traders (aka "the crowd") fail because they buy at the top and sell at the bottom.
To make $$$, contrarians buy into the panic near major support, and sell to the newbies into strength at the top.
On Bitcoin's $10,000 failure, notice the RED BOX - the convergence of 200 EMA, major trendline and 61.8% Fibonacci.
Expect institutional and "smart money" retail investors to start scaling in and accumulating around the mid to low 8000s.
Only invest what you can afford to lose. Buy when others are selling. Do not use "natural human emotion" when trading and you will succeed.
ACTION: Buy into 8000s panic wash. Scale into the panic with small size. Add size on signs of double bottom against 8000s.
To make $$$, contrarians buy into the panic near major support, and sell to the newbies into strength at the top.
On Bitcoin's $10,000 failure, notice the RED BOX - the convergence of 200 EMA, major trendline and 61.8% Fibonacci.
Expect institutional and "smart money" retail investors to start scaling in and accumulating around the mid to low 8000s.
Only invest what you can afford to lose. Buy when others are selling. Do not use "natural human emotion" when trading and you will succeed.
ACTION: Buy into 8000s panic wash. Scale into the panic with small size. Add size on signs of double bottom against 8000s.