looking for a break... 54% btc dominance
I will say after this level has worked out to the upside or down side I believe we will have a pretty big market correction coming into the forks. Every time btc dominance continues higher and alts start to sell off we end up for a further pull back in the coming weeks. The last two all time highs in btc on June 11 and sept 1 happened very similar with alts beginning to sell off, btc dominance rising and a divergence leading us to a market pullback. I know a lot of ppl think the alts will rise once btc stops going up but now that everyone for the most part has the majority of there money in btc once it starts selling off ppl go to cash or tether. Going to a trading pair against btc which btc is pulling back 1-2k doesnt appeal to smart investors or traders so i think there are very few pairs that wont sell off once btc does.
I recently became a full time trader in crypto and don't have much in network or social exposure to not only talk with on a day to day basis but also to help teach each other.
I didn't really expect to be a full time trader at this point but in my opinion and my situation it was now or never.
Recently lost my job and was trading crypto very seriously since April. I spent approx. 40-80 hours a week learning, reading and analyzing charts.
I wanted to have a larger account and be more financially stable before taking this kind of pressure on but i also know that sometimes you got to just go for it!
I had two choices to either continue to look for a new job and eventually get one and go back to part time trading which is much harder because when your not available
you miss a lot of what is going on as well as you tend to chase or get emotionally upset because your right but because of timing your wrong.
So i took the step and am fully committed to trading full time.
I also wanna find another market to trade because in the long run this market wont always be this good and if I'm doing this for income I always have to be a step ahead.
A few things I've learned about trading so far.
Timing is far more important than being right.
Good entries and exits can be far more profitable than just being on the right side of a trade.
your opinion doesn't matter but you also have to use common sense when it comes to making decisions.
Majority of times you have to go against what everyone else is doing and everywhere you look for help is gonna say your wrong.
A plan is far more important than making money.
A strategy is very important!
If you would like to link up or connect looking to start a telegram group, Facebook group or whatever work for the majority to be able to connect help each other and learn.
Even simple feed back on charts helps me and lets me know there are people out there like me.
Donations always greatly appreciated and really help me as I take this journey as a full time trader.
Always willing to help anyone with any trading ideas or ?s.
I don't expect anything so don't feel I need something from you in order for up to talk or for me to help in anyway i can!!!
I learn a lot from just helping others! :)