A lot of novice traders struggle to ascertain which trading timeframe is the best. But what they don't know is that their is nothing like Holy Grail timeframe in trading. You may find this difficult to believe, but, your success as a trader largely depends on understanding the trading style that suits you best. It's a natural rule of thumb that, among us humans some are more patience than others. Patience is fundamental to every trading style, ranging from waiting for your setup to materialize to waiting for your analysis to play out. Therefore, gauging your level of patience is crucial to your success as a trader. Some people can hold a position for days or even months, with an unwavering conviction, and that helps them a lot to avoid making irrational decision and maximize their profits. While others on the other hand ,are polar opposite, holding a position for a days feels more herculean than they could handle. And that feeling make them exit a good trade prematurely or even worse, turn a good trade into bad one by impulsively trying to force their bias to the market. On that note, as Trader, your propensity to clearly determine your level of patience is very important. And that is what will guide your decision in choosing the best timeframe relative to your trading style. #Binance #BinanceSquareTalks #BTC走势分析
From today moving forward i will start dropping perfect setups. Even though most of my setups will be on Large caps,i will also be dropping setups on lows caps too ..
Make sure you follow me #alpha BitcoinFallsBelow$83,000
"NO CRYING IN THE CASINO" While this expression may sound a little odd to some people when used in the context of investing or trading Cryptocurrency, as strange as this may sound,it's actually the truth. While Cryptocurrency today is generally considered as a new emerging asset class with room for an exponential growth in the future, its best if treated with extra caution .
Of course every asset class is subject to some kind of manipulation and volatility. However, while some are less volatile ,others tend to be heavily manipulated and as a result very volatile . If for instance we take a look at asset classes like Indices e.g Nasdaq and S&P or commodities like gold and silver, they may be volatile in their own way but you can never see them crashing down to 90 percent of their value in a year not to talk of just a single day. infact they hardly drop to 20 percent of their value(unless its a Black Swan event which may take decades or centuries to occur).
However when talk of our dear own Cryptocurrency, this literally happened on a daily basis. it is even normal in crypto to see a coin worth billions of dollars crashed to zero. like we are not even surprised anymore. Remember what happened to Luna and a lot of others that follow suit .
Finally ,in as much as i don't like to admit it but Crypto need to be treated with as much caution akin to betting. One needs to have at the back of his mind that no matter how fundamentally perfect the use cases or how strong the team behind a token might appear to be, it will not stop it from nuking to 90 percent of its value( as you could observed from what happened on Friday 10th, October) or even in an unfortunate scenario crashed to Zero.
There is nothing to see here, just the Inevitable. if you think BTC is Bearish at this level then you need to get yourself checked out . The chart is obviously showing us that BTC is definitely about to create a new all time high. The question of when is left for the market to decide.