$BTC hols, I'm relatively new to trading, having started back in March 2025, maybe a bit longer. My first trades were with $INIT , buying and selling on spot. I kicked things off with just 250 USDT, buying in at a value of 0.70 USDT. I was just watching the candlesticks and when I saw a decent profit, I’d sell. Then I’d wait for the dip, roughly around the price I bought, to sell again.
When May kicked in, I only bought and held the position without selling because, based on the charts, I figured it was going to keep rising, and it did until May 13, 2025, when it hit 1.468 USDT. The tokens started unlocking day by day; I kept holding without selling since I had already taken out my initial investment and was only trading with the profits, which amounted to 500 USDT. I went on vacation, and when I checked back on 12/06, I saw it had dropped below 0.5. I thought to myself, how could it fall so much? I held for another 3 days, and it just got worse.
What I'm getting at is that it seems May is somewhat cyclical, and most of the electronic market, like metals, tends to pull liquidity out.
I don’t think BTC will surpass 90k this year; I see it ranging between 60k and 84k.
I’m not doing analysis yet; I still need more practice, even though I use indicators like MA, EMA, BOLL, SAR, MACD, RSI...
Cheers to the whole community!
When May kicked in, I only bought and held the position without selling because, based on the charts, I figured it was going to keep rising, and it did until May 13, 2025, when it hit 1.468 USDT. The tokens started unlocking day by day; I kept holding without selling since I had already taken out my initial investment and was only trading with the profits, which amounted to 500 USDT. I went on vacation, and when I checked back on 12/06, I saw it had dropped below 0.5. I thought to myself, how could it fall so much? I held for another 3 days, and it just got worse.
What I'm getting at is that it seems May is somewhat cyclical, and most of the electronic market, like metals, tends to pull liquidity out.
I don’t think BTC will surpass 90k this year; I see it ranging between 60k and 84k.
I’m not doing analysis yet; I still need more practice, even though I use indicators like MA, EMA, BOLL, SAR, MACD, RSI...
Cheers to the whole community!