...The surefire sheeple mindset the wales love to profit from, and how you can fight back & win!
Before you get pulled into this article…
Answer this honest question: How’s your crypto portfolio doing over the last few months?
If you said good, you are either delusional, denial, or didn’t listen too much to the whales who sold right underneath 90% of the market.
HODL has been deemed a battle cry of crypto enthusiasts to make themselves feel better about watching their portfolio shrinking into vapor in just a few months.
As you have seen, holding crypto during the bear markets will kill your profits.
If you hit a 50% loss it will require a 100% gain to recover your losses.
So, it doesn’t make selling your crypto holdings stupid….
In fact it makes you smart and capable of thinking for yourself.
When you look around the internet you will find people everywhere asking other people what they think the market will do. They look for the “gurus” on twitter to schill valuable information that will help them profit overnight… and when they return the next day, they see their portfolios even smaller and leaving them to wonder…
“Will Bitcoin go up or down?”
“When will bitcoin hit $50,000”
“Will Bitcoin Really go to $3,500 before the next big rally?
Ultimately they are asking… “How do you predict the crypto markets?”
And there are many schools of thought…
Some Social Proponents say to look at:
- Google search demand of “Bitcoin”
- The number of tweets on twitter saying, #bitcoin or #btc
- Combine these numbers and more social platform to identify a demand variable
But there hasn’t been a direct correlation….
Some say, look at the technicals:
- Is price above the 200 Day Moving Average?
- Is volume for bitcoin down, RSI showing oversold?
- Compared to the last 8 years, are we following a similar trend?
With technical analysis people have seen correlations between properly charting TA and successful outcomes…
Why do you think wall street has paid so much money to so many people for technical analysis specialists?
Technical Analysis works.
But for so many traders, they fall behind because they can’t properly chart. Nor do they understand the deeper complexities of what is occurring beyond what is simply on the screen.
Charting... it takes time. energy. expertise.
When you simply look at 1 chart, you simply see 1 time frame for 1 coin. You have more than 8 time frames you’ll want to look at and keeping them straight is critical to predicting where the markets are headed.
And when you combine the complexities of charting 600+ coins that are worth trading, on 8 time frames, the task of TA becomes incredibly daunting… 4200 charts!
Because of all the complexity most people just pick a few coins to trade and follow the cycles…
But what happens when the markets going down, the market cap is shrinking, and your portfolio valuation is falling faster than you thought was possible.
Warren Buffet called it out. “It will disappear like vapor.”
And if you’ve looked at your portfolio on January 1st 2018 vs. right now… You would probably agree.
But greed, faith, possibility -- kept you in.
And now, psychologically it’s much harder to sell because you told yourself for so long, HODL, HODL… Like a sheep.
And you could possibly be right, but what if you were wrong?
It is very easy to get mixed up in the forest! Sure bitcoin could go up on the lower chart but that requires a daily trader to be incredibly active trading. If you have a job, family, other work, passions or life, you don’t want to be glued to your computer screen to make short choppy trades.
That’s called slavery to crypto/money/greed…
Don’t be a slave or a tool… use tools but never slaves.
You see, on different time frames, reality shows up differently. It’s harder to see the forest from the trees.
So, you have to look further out and you do that with the longer time frame charts.
It’s how you look at the data and interpret it that will cause you to see a different pictures.
Next, you need to establish a buy price, sell price, and stop-loss prices.
To find the buy price, you have to figure out your trading strategy, buy at the bottom and risk it not being the bottom, or buy a breakout to reduce risk?
If you chose the breakouts to reduce your risk, congratulations.
Now, imagine doing this charting with all other coins…
Kind of a mind bleed huh?
We think so to…
So we caught out looking for a program that would do all the math for us. And after searching and testing, and using, we found nothing worthwhile.
So we created a program to do it for us. The program uses an algorithm to search for good trade technicals and save us a fuck ton of time. We appreciate good tools and time savings because we aren’t slaves to the computer or crypto… Freedom is our purpose.
Right now the software is at a 89% of open calls that are winning.
It’s predicted bitcoin crashes.
It’s predicted bitcoin rallies.
Not always at the bottom or top, but close enough to make ridiculous profits and stay safe.
It’s like radar for crypto traders.
If you would have sold 1 bitcoin between $19,700 and $17,000 and bought back in at $6,000 you would own 3 bitcoins now…. What happens when bitcoin goes to $25k or $50k those 3 bitcoins are worth $75-$150k?
How happy would you have been with yourself if you would have used wisdom to help you get into bitcoin at the right time and wisdom to exit at the right time?
Using tools will help you see that what you can’t see with your own eyes. Like radar, you can see things you can’t see with your bare eyes.
This is why advanced traders from all over the world use powerful tools like this.
They need the edge to take your money and get rich from it.
Using some wisdom and not playing into their games is how you will survive.
Adding tools on top, is how you will thrive.
Come check out cryptosignals.software - you’ll appreciate how it can help you become a better trader, and make you a lot more profits.