Eldon

I used to spend 12+ hours a day watching candles. In 2021, my Binance annual report showed roughly 36,000 trades in a single year - most of them breakout entries with tight stops that got me nowhere. I wasn't trading a strategy. I was feeding an addiction to activity. Many nights I would wake up twice just to check the markets. The 24/7 nature of crypto meant there was never a natural moment to step away, and that constant availability was slowly destroying both my account and my mental health.
The turning point came when I learned about decision fatigue - a well-documented phenomenon where the quality of your decisions deteriorates after prolonged decision-making. A widely cited study found that Israeli parole judges granted freedom 65% of the time early in the day, dropping to nearly 0% by late afternoon. Not because the cases changed because their brains were exhausted. While this specific study has been debated in academic circles, the broader concept of decision fatigue is supported by extensive research across multiple fields.
Trading works the same way. Every chart you scan, every "not yet" decision, every micro-judgment about volume and structure drains your mental battery. Think about what a single scanning session looks like: you open a chart, evaluate the trend, check if a pattern is forming, assess volume, decide whether to keep watching or move on. That's five decisions for one chart. Multiply that across 15 pairs, three timeframes each, and you've made over 200 judgment calls and you haven't even placed a trade yet. By the time a genuinely good setup appears at 4 PM, you're running on fumes. You either hesitate and miss it, or rush and get a terrible entry.
The Hunter vs. The Trapper
Think of it this way: the hunter puts on gear and runs through the forest for 8 hours scanning the horizon. By hour six, exhausted and frustrated, they might shoot at a shadow just to feel like the effort wasn't wasted. The trapper spends one hour analyzing the forest, sets 50 snares at exact spots, then goes home and lives their life. They only return when they hear a snap arriving fresh, focused, and ready to act decisively.
This is the core philosophy behind alert driven trading. Instead of manually scanning hundreds of charts, you configure automated watchers for specific patterns on specific pairs and timeframes. When a pattern forms, you get a notification. No notification? No trade. The system automates patience - the one virtue every trading book preaches but no charting platform enforces.
The psychological shift is enormous. Active traders live in FOMO they stare at charts because they're terrified a candle will move without them. Alert driven traders live in JOMO (the Joy of Missing Out). If your phone doesn't ring, you know for a fact that nothing matches your criteria. You're free to go to the gym, spend time with family, or sleep through the night without anxiety.
Alerts Are Not Buy Signals
Here's the critical distinction that separates profitable alert-driven traders from those who just automate their losses: an alert is an investigation trigger, not a buy signal. When your phone buzzes, you open the chart, check Bitcoin's trend, evaluate the news, confirm volume and then decide. If the setup isn't obvious within 30 seconds, close it and move on. No justifying, no forcing, no switching to a lower timeframe to convince yourself it works.
This separation is what makes the workflow powerful. Software handles scanning (Task A) it's tireless, unemotional, and can watch 1,000 pairs 24/7. You handle contextualizing (Task B) reading the market, understanding macro conditions, and making the final call. You arrive at that decision with a full battery because you haven't wasted it on the 999 charts that didn't matter.
The result is that you're no longer a "chart watcher." You're a risk manager who only shows up when there's actually a risk worth managing.
The Honest Truth
No tool guarantees profitability. According to Bulkowski's Encyclopedia of Chart Patterns, breakout failure rates range from under 20% to over 80% depending on the pattern type and conditions. Crypto's 24/7 nature, thin liquidity on altcoins, exchange fragmentation, and whale manipulation likely push those numbers even higher. Any honest discussion of pattern-based trading needs to acknowledge this reality upfront.
But here's what a good workflow can do: eliminate overtrading, protect your mental capital, and ensure you show up sharp when a real opportunity appears. Research on stress and decision-making consistently shows that prolonged stress promotes increased risk-taking and reward seeking exactly the behavior that destroys trading accounts. By reducing your active screen time from hours to minutes, you're not just saving time; you're preserving the cognitive resources that determine whether you make good decisions or bad ones.
If you want to build a sustainable approach, start with proper trading education - learn to read chart patterns with volume analysis, understand how context determines whether a pattern succeeds or fails, and develop the discipline to question every signal before acting on it.
Stop being the hunter. Become the trapper. Your account - and your sanity - will thank you.

For the full version of this article with detailed examples and advanced alert configuration strategies, check out: https://chartscout.io/alert-driven-trading

Disclaimer: This is educational content, not financial advice. Crypto trading involves substantial risk. Always do your own research and never invest more than you can afford to lose.

#CryptoTrading #TradingStrategy #TechnicalAnalysis #ChartPatterns #CryptoAlerts

After not posting for a long time, I finally returned to analyzing the market, namely the Bitcoin market. From the chart here we can see the end of Eliotte, namely stage 5 in the 1 week time frame, which means what? That's right, we are at the end of the Bitcoin bullrun.
OK, I will explain a little about the chart that I made;
First, Bitcoin at the end of this year will reach its highest point at 109k-119k then will fall slowly but still in the 100k area.
Second, Bitcoin will experience a fairly large decline to 60k-65K, why is that happening? as Bitcoin has a CME Bitcoin GAP in the 80k-78k area.

Third, Bitcoin will experience a very large decline in March-April 2025, namely it will touch a price of 43k-45k, why is that happening? because Bitcoin is currently forming a pattern, namely Head and Shoulders, with a low position between 43k-48k.
What is next? OK, in my opinion, Bitcoin will hit 100k again in 2027, If;
1. Bitcoin support is strong in the 43k area
2. There is no Global Monetary Crisis.
If either happens then Bitcoin will hit 10k again. How is that possible? Yep, we forgot something, namely the CME Bitcoin GAP which is in the 9.8k area.
Maybe this is all I can say, and maybe I'll come back a few months from now.
I'll just end it here and say thank you.

Microsoft is building huge AI data centers in Arizona and Wisconsin to provide the infrastructure for powering this transformational technology. And AI is hot — literally.

Such data centers put a severe strain on power grids by requiring vast amounts of electricity. By 2026, one estimate forecasts AI will consume about 40 gigawatts (GW) of the projected 96 GW in global power demand from data centers, up from a total demand of 49 GW in 2023. This energy use generates a lot of heat and requires a lot of water to cool down data servers. With an estimated usage of 56 million gallons of water a year from Microsoft's data center in Goodyear, Arizona alone, the local desert communities risk running out of water to accommodate their new power hungry neighbors.

On the other hand, while often criticized as an “energy hog,” Bitcoin mining is actually an amazing way to help make power grids more stable and efficient. This is due to a Bitcoin miner’s ability to adjust energy usage in near real-time.

To keep a power grid at the correct frequency, grid operators must “balance” the power grid by adjusting energy production to match user demand. This process is called “load following.” Historically, increasing and decreasing energy production was the only real-time response action grid operators had available to them. But now, during periods of high or low electricity demand, Bitcoin miners can quickly adjust their power consumption to create a second, real-time response action that grid operators can use to establish balance.

Since renewable energy production fluctuates with the weather and is difficult to ramp up or ramp down to establish grid balance, Bitcoin mining is proving to be a scalable and economically feasible variable load solution. This new grid balancing pattern, made possible through Bitcoin mining, has now paved the way for use by new, larger and less flexible AI power consumers.

But why can't AI simply adjust its energy usage in real-time also? Bitcoin miners’ energy usage has a unique aspect compared to AI data centers. The Bitcoin network is a constant customer that is not adversely affected by miners throttling down or turning off their equipment. However, if an AI data center turns off some of its servers to throttle down AI compute, customers are adversely affected.

This flexibility makes Bitcoin mining an effective way to stabilize power grids – especially in helping manage electricity consumption from large AI data centers – because it can quickly respond to fluctuations in electricity supply and demand.

We see states like Oklahoma embracing this model by encouraging Bitcoin mining and its power grid benefits. On May 30, the state senate passed a bill to make the sales of machinery and equipment used for commercial mining tax exempt if the miner provides an adjustable load to the local power producer.

Texas, Scandinavia and Iceland

Texas has invested heavily in wind energy production, leading to periods that put extra strain on power grids because energy supply often exceeds local demand (especially at night).

By increasing their activity during off-peak hours, Bitcoin miners consume this surplus of excess electricity generated from wind energy that would otherwise remain unused due to lack of demand during these periods. Their energy consumption stabilizes the delicate balance between electricity supply and demand and helps prevent the grid from becoming overloaded, which can lead to disruptions such as blackouts.

During a destructive winter storm in February 2021, Texas experienced severe power outages because it couldn’t meet the sudden surge in electricity demand. Bitcoin miners there were able to shut down their operations quickly, reducing their load and helping to stabilize the power grid during this crisis.

Scandinavia is another region where wind turbines dot the landscape. Here wind energy is produced in excess during off-peak hours and would otherwise be wasted due to lack of immediate demand and storage solutions. Bitcoin mining facilities are dynamically using this surplus, providing a sizable demand while helping maintain equilibrium and overall efficiency within the grid.

In Iceland, where geothermal and hydroelectric power production is abundant, Bitcoin mining operations have become integral to the energy market. The country’s renewable energy sources generate more electricity than its population can reasonably use. Bitcoin miners consume this excess electricity, providing a flexible, consistent demand that supports the nation’s renewable energy industry.

Making Renewable Energy More Viable

Bitcoin miners’ stabilizing effect on power grids has another interesting benefit: improving the financial viability of renewable energy projects. How?

Wind and solar often provide lower-cost electricity compared to fossil fuels like coal, which is a crucial factor for Bitcoin miners seeking to maximize profitability. However, renewables often face challenges due to the intermittency of their power generation and the gap between supply and demand. For example, solar panels produce the most energy during the day when demand is relatively low, while wind turbines may generate more power at night.

But by providing a constant and predictable demand, Bitcoin miners can bridge this gap and ensure a steady revenue stream for wind farms in Texas and Scandinavia and hydropower plants in Iceland. (Norway generated a whopping 98% of its energy from renewable resources in 2020, including 92% from hydropower). In addition, this positive financial impact from Bitcoin miners helps make renewable energy projects more economically attractive and can encourage the use of sustainable, clean energy solutions worldwide.

The Road Ahead

Bitcoin mining, AI data centers, and renewable energy projects intersect and provide good opportunities for innovation in energy management. Smart grid software that uses real-time data analytics to optimize electricity production and distribution will eventually integrate seamlessly into Bitcoin mining operations. This integration will further enhance power grid efficiency and reliability, especially in areas of rapidly growing populations and where big AI data centers are located.

Global energy production and distribution is incredibly complex, competitive, and highly subject to political, economic, and regulatory forces. So the ability of Bitcoin miners to stabilize and optimize power grids – especially in regions with significant renewable energy resources and/or energy-intensive AI data centers – makes them invaluable partners in the expansion of renewable energy production and overall energy management.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.