What About The Bitcoin—Altcoins Correction?

22 thg 11

Yes! ... Good morning my fellow Cryptocurrency trader, this is an amazing Friday. Life is good and the Cryptocurrency market continues to grow and evolve. Good news developing all around. The stars are aligning for maximum growth in 2025 and beyond.

Maximum growth in 2025 but, what about the correction, is it true?
Can it happen? What to do, what to expect?

Yes, it is true... It can happen. But it is not about a correction happening or not happening, it is about how each of us engages individually the market —a correction scenario.

The first thing to consider is that any correction would be a short-term development. If one goes too deep into guessing or predicting a correction, the bigger picture can be missed. You can buy all your favorite Altcoins and hold strong. If a correction comes it will last a few days, a few weeks, in the worst case possible a few months; and up we go go.

Bitcoin is already producing maximum growth, but the broader, marketwide bull-market is set to unravel all throughout 2025 and beyond. Knowing this, we focus on the bullish side; we focus on spot and LONG.

Any drops, retraces and corrections are an amazing opportunity to buy into your favorite pairs. When the market turns down and red, that's the best time to buy.

If you see panic or the bears gaining momentum and maximum bearish force, remain calm and relaxed because you know this is only temporary and the bigger picture is up. Still, stay away from those trading high or near resistance, feel free to jump with confidence on those trading low.


➖ Summary

It is true, a correction can happen any day, but any correction would be short-lived, a great buy opportunity; focus on the long-term.

If process drop strongly, two options mainly for us open up:

1) Wait patiently, there is no harm in waiting a few weeks for green again.
2) Prepare capital to buy at support on all your favorite pairs.

There are thousands and thousands of trading pairs. The market is mixed right now and this will be the norm from now on. This is because of the size of the market. Some are down while others are growing. The projects take turn. One week a group is growing while another group is retracing or consolidating. The growth can extended for 2-3 weeks. Then this group stalls, goes sideways or retraces and a new group starts to move, and it repeats.

Since this dynamic will be true endlessly, our job is to have a plan and trade smart. The way to achieve the highest level of success is by buying low and waiting long.

If you see a 10%, 20% drop on the Altcoin you just bought, you might become scared or anxious if you are thinking of tomorrow, or today. But, if you are thinking of six months into the future, you know this drop is an easy wait. What difference would it make once prices are back up?

I showed you many pairs were 5-6 months of bearish action were deleted in a matter of days. And then when in the green, growth long-term.

If you made a mistake with the entry, say, buying at the wrong time; nothing can be done. Mistakes have a price, we learn from them and move on.

Either take the loss and move on or wait long-term.

If you are trading leverage and make a mistake, there is a huge price to pay. But leverage is high risk and this is normal, there is no reason to blame anybody for a losing trade. That's the game. Some we win, some we lose.

No leverage, no margin = very little risk.
High leverage = higher potential for profits but with maximum risk.

We are all adults.

I am here for you long-term, and I appreciate your continued support.

Namaste.

23 thg 11

Giao dịch đang hoạt động

Altcoins Market Bull-Market Price Dynamics Are On!

It is happening. Bitcoin retraced just a little bit and the Altcoins are going through a major boom. This is because Bitcoin swelled up so much, that any money leaving Bitcoin is flowing into the Altcoins. Bitcoin being so big, with so much capital, makes the Altcoins grow really strong.

The second and most relevant dynamic is the Altcoins bullish wave. We are seeing some pairs move really, really strong. Just a few, but then a new group starts to move and then a new one; over and over, again and again.

How to approach this market?

If you waited for 5 months, 7 months or more holding a pair and it hasn't move —never sell, this can turn into a big mistake. Selling at the last minute to buy a pair that is already moving up, can result in securing a loss and making mistakes on the new pair being bought. Let me explain.

Say you jump into DOT trying to catch its bullish wave. The time to buy was weeks and months ago. If you buy now out of FOMO, being moved by the market impulse, the most likely scenario is that you won't sell as prices rise, it will never be enough, and when it start going down you won't sell either. Only when it goes below your entry you will sell and secure another loss. This is because the initial decision was based on an impulse and this same impulse will guide you to make wrong decisions over and over, again and again. Instead, there are many that are yet to move but there is no excitement, they don't look great. These are the ones to buy looking from afar and wait. Let them move.

How to approach these pairs?

See these Altcoins I've been sharing they have several targets. When the main and first target is hit, normally between 150% and 300%, you can secure a win and go and find a new one trading at support. Yes they will grow more, but it can take months before the higher targets are reached.

This morning we have a set of Altcoins growing three digits green, this group is already changing and we are seeing new ones going up. This is great; this is awesome for all those who bought in August, September and October; if you are looking at the market now, you have to plan before moving ahead.

It takes months for a pair to move. If it is moving, you cannot catch the full wave because the first 100% grows slowly within 2 months. The final jump happens suddenly and if one enters late, it is hard to get out because we always want more (greed).

This is only the beginning. Opportunities are endless. Take your time to choose wisely. Don't get caught up in the wave. There is a lot of money to be made, but one can end up with 2-3X buying and selling while holding can result in 8-10X.

Normally this is learned through experience, soon you will know what I mean. If you don't have a plan, with a bull-market you can still win. But the trick is that you can end up cutting your winners short or accumulating small losses as the market grows. Zoom out... It is easier than that, just buy and hold.

If you waited for months to breakeven, why sell at breakeven when prices are going up? If you managed to wait 6 months, you can wait two more months and secure a win, which will encourage the mentality needed to succeed. Think long-term.

You might be able to get in and get out at random and produce some profits short-term, but the market will take it all back eventually when you get tired and start making mistakes. It is better to set an entry price and wait for some targets, let the market take care of the rest.

I am just sharing my experience, and I hope you find it useful.

Thank you for reading.

Namaste.

24 thg 11

Ghi chú

The last update was surely intended for beginners. More advanced traders can definitely join "in-the-action" and take advantage of a running wave. But I don't have to mention this if you are an advanced trader. If you are in-between, transitioning from beginner to intermediate, let's see if I can be of some help.

Even if a move is intended to be taken based on the short-term, a LONG entry should always be taken on a retrace, at support or right when the bullish move starts. One good way to gauge how far advanced a move is is by using exponential moving averages. The length of 55 and 89 are really good to confirm that a bullish wave is confirmed and even after strong action more is surely possible.

Once we become good at catching the entry, which can happen very easily with current market conditions, the next step is the exit and this can become more difficult. Should I quit? Will it continue higher? What if I sell and prices continue to move up?

If you sell and prices continue to rise, there is no problem at all; take the win and move on. But, the thing to keep in mind is that you don't have to 100% right. If you have doubt, sell a portion only, no need to close the entire trade.

Expanding on the selling a portion, you can always cut back on any position at any time if you feel doubt and stress. When you feel calm and relaxed, it means you can handle whatever comes next. If we plan ahead of time, we can always accept the results of a trade.

The market is bullish now, go long and wait. We will have amazing results and I am wishing you tons of success. Thank you for your continued support. You are truly appreciated. I like you, I love you and I appreciate you.

Namaste.

24 thg 11

Giao dịch được đóng thủ công

Correction Or Buy Opportunity?

There is no correction... Those that moved strongly are producing a retrace and this is normal. There is no correction because many pairs are looking great and breaking up now. It is normal to see a retrace after strong growth. The market never moves straight down nor straight up.

So some pairs will move lower and produce a higher low before additional growth. Any retraces and corrections can be used as an opportunity to buy. While some go down, many others will go up!

That's why we need to choose wisely. You can focus on the dropping ones or you can focus on the ones going up.

Just as mentioned recently, when one group takes a break (retraces) another group will go bullish and this dynamic will repeat over and over for months and months and months; that's bull-market price dynamics.

I am looking at the ones set to explode here because we are set for long-term growth.

➢ Sell when prices are high (at resistance); buy when prices are low (near support).

Namaste.