e-trader

Identifying the shift in trend

No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.

How can you identify a trend shift?
In this post we will talk about bullish trend break.

when the market breaks a bullish trend you will see it will break below the higher low (The uptrend it was maintaining) on the high timeframe. The best one you can use is weekly and daily timeframe.

Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.

Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.

Be bullish when the market is bullish
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.

I can understand why some of you get salty when i say something bearish about the market. But it's just me giving you my realistic views about the market. I started talking about market weakness since late december or early january. I was invested that time and decided to cut my trades in a loss well wasn't really a loss but i gave back some gains as market was heading down then i waited for the right time to enter and made it all back by playing the capitulation bounce on Feb 3. The attached screenshot is my PNL from December to feb.

The reason why most of the traders fail. They don't dare to cut losses. They marry with their bags for forever.
Most of the Alts are down another 50% where i sold which is not a small number.

I will continue to do what i do. It doesn't really matter if a few internet people get mad at me.

I just can't show you dreams like others do that there will be an Altseason or the market will pump hard.

It will take time for you to understand how important it is to adopt the market trends but i hope you do it soon.

i Was going through 2021 Bull market and found that Altcoins Dropped 50-60% on average in 2021 bull market and it goes for new highs again.

Take a look at the pictures i attached.
$ETH dropped 60% despite being the second biggest crypto.

$SOL did almost 50% and $DOT faced 78% dump.

We are in a similar situation right now I don't know if we will see new highs on every Altcoin. Not every coin will make it that far but i do know we are still in a bull market as long as Bitcoin is holding fine and I don't see any changes on BTC.