$BTC has officially broken down. The second bear flag has played out (see picture). Last time this happened price dropped 30%.
Is history repeating? A 30% pull back from the bottom of the channel would take $BTC to ≈ $50,000. That is worst case in my opinion.
A pull back to the 200-week moving average (yellow line) is far more likely. Even healthy. That is currently around $62,000.
In 100% of Bitcoin’s major bear markets (4 for 4), price has ALWAYS come down to test or briefly breach the 200-week MA, which has historically marked the cycle bottom.
Markets bottom with boredom, apathy, consolidation, and EVERYBODY screaming "we are going lower". Eventually all sellers get exhausted, and the bottom forms. And we realize it was the bottom 6 months later.
Also keep in mind - maybe the bitcoin pull back IS complete. And up only from here. Nobody can see the future. Everything is possible with crypto.
What happens after you close a trade is none of your business. If you booked profits on a trade that had zero guarantee, that’s already a win.
Stop thinking “what if I held longer” that mindset only creates regret. There will always be another setup, another opportunity. Focus on the next one, not the past.
Hey I lost about 9k$ in october 10 crash. And thats all I had. is there anyway I can get connected to you, and you could guide me on some trades? i’ll pay you a %.
BngXBT
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once you get your own set up done, dont ever look on any noise. Try to close your eyes unless for the macroeconomics/news. JUST TRY TO CHILL AND YOU'll BE FINE WITHOUT OTHERS SENTIMENT
URGENT: DOT Holders — read this before it's too late! Polkadot (DOT) unlocks 330,000 tokens EVERY DAY — totaling 1.2 million dollars hitting the market every 24 hours! And here’s the main news: this relentless token release will continue unabated until DECEMBER 30, 2030. What does this mean for you? This daily dilution could crush price momentum and absorb buyer demand — while YOU are buying the dream, others may be selling the reality. Translation: You are accumulating DOT, hoping for it to moon... Meanwhile, the team may be profiting from your optimism. Let’s be realistic: DOT has shown poor performance for 5 years No significant breakthrough And now a constant supply dump until 2030? Still think it’s a long-term play? Think again. Scalping or short-term trades may work — but holding DOT for the long term could be a trap. As they say: A wise investor doesn’t get bitten twice by the same snake. Learn from the past. Be cautious in the present. And, above all, protect your capital. Learn. Be smart. Stay safe $DOT
Guys Guys I need serious help here. They are saying that Polkadot 2.0 is coming. So, does that mean that Binance will auto-close all leveraged positions in future regarding Polkadot? If it's true, because the same thing happened with fantom as well. It was rebranded into Sonic and all positions were auto-closed. So, what I'm asking is, will the same thing happen with Polkadot as well? Because I'm in terrible, terrible loss right now and I can't afford that thing right now. Can someone give me appropriate information regarding this? That whether this is a hard fork or the positions will continue working as it is? Or they are gonna auto-close this position?
And that’s how you shot yourself in the foot. I swear to god. I’ll never ever put my foot in wld and zeta again. Never ever. Someone tell me what to do
If you are new to the cryptocurrency market, you need to remember these most effective trading mantras 1. Buy horizontally and buy pits, not vertically. The selling point is at the boiling point; 2. Continuous small increases are real increases, and continuous large increases require exiting the market; 3. A sharp rise requires a pullback, and no deep pits require large purchases; 4. The main rise must reach its peak, and a sharp drop must be sold quickly, and a slow rise must be sold slowly; 5. A sharp drop without volume is a threat, and a slow drop with large volume must be withdrawn quickly: 6. If the price breaks through the lifeline, do not hesitate to make waves, 7. Look carefully at the daily and monthly lines, and follow the main force to build positions 8. If the price goes up without volume, the main force will lure more, so don't stand guard 9. A new low with shrinking volume is a bottom image, and an incremental rebound requires entry: The simpler things in the cryptocurrency market are often the more effective, and all the mantras are the crystallization of wisdom. Learn these mantras, remember them, and use them in actual combat, which will definitely save you a lot of detours. #copied
Guys listen up. Your bro needs some help. So, I have been holding these trades from last 6 months. I have somehow managed to clear FTM at a profit but I’m still stuck in these 5 trades. What should I do. Should I DCA from here or should I wait? Also what should be the next course of action. My margin ratio is way lower so liquidity is not a concern here the thing is I’m mentally exhausted from this. I wanna get rid of all 5 positions asap and start fresh.
Hi, Beginners, let me tell you something! Sadly, you won’t get rich from crypto. Don’t be fooled by “influencers”. Most of them know nothing 💩. The big money is made by whales, market manipulators and Development teams. Crypto is a space where the money is transferred from the greedy one to the patient one. I lost money in 2017/18 buying the top, being greedy. I earned good money in 2020 but lost them all in 2021 because of leverage trading (I was again getting greedy). Finally, after 2022 I started accumulating coins (only spot, no leverage). Now I just sit back and watch the market growing (and not becoming nervous on any 20% dip). I still do leverage trading, but setting stop losses beforehand. This is for fun, not for making money. I know I have 80% chance of losing money. Back to you now. SERIOUSLY. Stop using leverage! You will provably make some money, but I assure you, you will get greedy and make mistakes, losing them all. Making money is a marathon, not a sprint! #NoLeverage
In a bull market, it’s easy to feel like everything is on your side—prices are rising, profits are growing, and it seems like the gains are unstoppable. However, there’s a reality that many overlook: a bull market can reverse quickly, taking back what it gave. This is why knowing when to take profits is essential.
A common mistake is assuming a bull market means "just hold and let it grow." While holding onto strong positions can work, it’s equally critical to know when to cash out some gains. Savvy investors realize that taking profits isn’t about missing out or being fearful; it’s a sign of understanding that markets are bound to correct at some point.
Success requires discipline over greed. A solid strategy is not only about knowing when to buy but also when to sell—a step often ignored by many. Some people believe getting in at the right moment is all that matters. But sometimes, deciding to sell is harder and demands more discipline than timing the perfect buy.
In a bull market, holding on can feel simpler since momentum is high. But this feeling can trap investors. The true skill lies in knowing when to step back, securing profits while others chase every last gain. It’s wiser to take profits slightly early than to wait too long and watch them diminish.
Be thoughtful. Have a plan. Define your exit strategy before you even enter a position. That’s the mindset of a successful trader.
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If you want to be a true trader rather than a gambler, it's essential to approach trading with discipline. Opening positions with 5x-10x leverage using all your capital is akin to gambling. In such high-risk trades, the chances of getting liquidated are extremely high because the crypto market is highly volatile, with price swings of 10%-20% being common. Even with stop-losses in place, a small movement could wipe out most of your capital.
The core principle of successful trading is patience. If you're impatient, you're unlikely to succeed as a trader. Here's why patience is so important:
First, avoid taking 10x leverage or even using all your capital for a single trade. Even trading with 1x leverage can feel like flipping a coin when predicting market direction. Instead, limit your trade size to no more than 5% of your capital.
If the trade goes your way, great! You can take profits when you're ready. If it doesn't, remain patient. With only 5% of your capital at risk, any loss will be manageable. If the market moves 10% against your position, that's when you can consider adding to it.
This approach helps improve your overall position. Since the market usually returns to the mean, it will likely come back to your entry point (with few exceptions). Once you're in profit, hold on a little longer before exiting to secure your gains.
Share your thoughts. Been holding these positions since april. 5 months already. What shoulf I do. Margin ratio is safe. Under 1.5% should I wait? $PIXEL $FTM $WLD
Binance is saying that all open position of matic will be auto closed on 09/04 Can someone guide me on what happens after the position gets auto closed. I’m currently in $150 loss in this position. Will binance reimburse this loss or will I have to bear it? What will happen Should I close it right away? $MATIC
Hi. Please I am in terrible situation. I had managed to make a profit of 4000$ before that april crash. I had many positions opened and didnt close them resulting in total liquidation. In may I decided to open positions again thought market has crashed enough and I was able to generate a meager 700$ profit. This time I had experience I knew I have to keep a check on my margin ratio as it could flicker in absolutely no time but still I am sitting at a monumental loss. I have invested a lot of money and I see no solution. Please help me out.