This was a year agoโthe exact opposite. Iโll tell you all the reasons and solutions so you can learn from my losses. This was all because of blind greed: 20%. The solution: only aim for a carefully calculated amount that wonโt get you liquidated. If youโre at a loss, turn your trade into a long-term oneโa monthly timeframeโand donโt exit until youโre in profit. Sometimes the Binance platformโs network was congested due to heavy volume. This cost me several losing trades: 20%. The solution: avoid trading in this situation until the network stabilizes. Trading high-risk currencies: 50%. The solution: trade only with cents. Youโre under external pressure, and you already entered a trade. Your loss is substantial and youโre close to liquidation: 10%. The solution: If that amount is all your capital, focus carefully on the trade. Exit at any opportunity that lets you recover some of your money, and stay away from trading for a while until all your external problems are resolved. If you entered with only part of your capital, exit immediately if itโs a high-risk currency trade. If itโs a regular currency trade, add to your position cautiously, then leave the market until your external problems are resolved. Donโt brag to others about your trades. That will make you even greedier. #GoogleSetsUAELicensingRulesForCryptoAds
Who else has had this happen to them? When you enter a trade, for exampleโand this happened to meโI bought $150 worth of BNB at 725. My exit price was 728, but unfortunately it reached 727.9, then reversed while I watched. Why? Why???? Believe me, seconds before the trade reached my target, I knew it wouldnโt reach 728, and I expected 227.9. But unfortunately, time was faster than me, and I left things as they were. The reason I expected this was simple: This has happened to me millions of times.
#JapanFSAPublishesOnChainFinanceForumMinutes https://www.binance.info/en/futures/ref/159554478 And in the end, the trade made a profit. Watch out for the correctionโit always works like this. The big market maker appears out of nowhere, either in your favor or to destroy you.
If it doesn't return to test $600, it will reach at least $2,000, because if it breaks $600, it will open the way to retest $70, coinciding with BTC crashing to $20,000.
Greed and avarice in ZEC could lead to a disaster The price will collapse to $40 If this happens while buying momentum stops ETH could also fall to $400 The fate of BTC depends on BNB, LTC, and RVN If BNB breaks the 1300 zone the Fear Index will rise to 90โin this case ETH may visit $9000 and BTC may visit $180K and ZEC may visit $5400, and LTC will break through $600 Everything depends on BNB
zec It will return to these areas and penetrate them later All that matters is that it waits for a fool to buy the top After that, the sign of complete distribution to society will be issued And if that doesnโt happen, it will carry out an aggregate correction for society, gathering a certain amount of liquidity, then overthrowing boredom Because in order for it to rise like this, only because it caught a large wallet, it is now exhausting it Beware, avoid buying the area from the top all the way to the red line Here we call it death in a fraction of a second And also below it
Preparation for collapse, and also large slides will happen: bnb, ltc, dash, sol, dogeโwill they also lose? And alternative coins have started preparing to create new bottoms. The market is in a critical condition, almost
The news that would have caused a market reversal was averted
This happened on 7 September LiveโThe side Bitcoin blockchain network suffered a security breach that led to the depletion of $320 million, raising new concerns about the security of the digital asset infrastructure. And the company "Liquid Network" operating the platform announced that an almost 4,000 bitcoin theft occurred out of the 4,200 bitcoin that were in the targeted wallet.
https://www.binance.info/en/futures/ref/159554478 The first target 820 with a high probability If BTC stabilizes after the positive breakouts The second target 1800 If the market maker appears and breaks 120K Worst-case scenario: the big slide In this case I will lose
One-third of the crash wave is currently at 103. If BTC does not return to test 72,000, then there is a high chance LTC will continue rising to 85. The first target after that is a drop to 72 with BTC to 72,000. Do not forget LTC is a test network for BTC. If this is a BTC rally wave to 300,000 or more, LTC will go to 500 dollars with this wave.
This model is not good for sticking to the LTC coin, and all coins are almost: dash, bnb, eth, sol, doge, shib, zec. These coins are capable of making a negative, corrective move, with a high likelihood of breaking the old bottom. Meaning that BTC, with high probability, will test the 42,000 area within the next 6 months. But if BTC re-tests 80,000 from the 60,000 zoneโwhich is a low possibility given the data currently availableโthen that negative corrective move would be the bottom for all the previously mentioned coins.
The most important thing: with a 90% probability, BTC will visit $8,000. What do you think about a re-test of liquidity? The negative news that has been happening recently is what pushes him toward taking a risk. + This is an opportunity for sellers to show strong selling momentum. This will only happen if the whale who intends to reverse the direction from $61K to $85K withdraws. This whale is what is causing the current market tension.
This is what will happen with this ruthless sell-off momentum. We will see very serious slides if this month reverses in BTC. Do not buy on leverageโElon Muskโs recent losses will definitely be negative for the market. Right now the market is in a state of fear. And if there is a catastrophic breakdown, it will support the sell-off momentum and intensify it.
Pay close attention to this trader. He has the ability to catch trades with a 90 percent success rate, but unfortunately, he lacks something very important: risk management. There wasnโt direct slippage; there was a decision he could have made to avoid these losses. By the way, 90 percent of traders fail to learn a risk management strategy, so I recommend that you learn a risk management strategy. Because it is essentially based on your ability to control your emotionsโgreed, fear, confusion, and others. Thatโs why itโs very difficult to learn. So as long as you havenโt learned it, I advise you to exit the market completelyโitโs ruthless.