BITCOIN: Trade What You See, Not Think.

“Ignore the Noise, focus on what price action is telling you” seems to be what has always worked for the most profitable investors. I do not mean to question the authenticity of what fundamentalists do. Still, if you look at the overall price structure, you can’t help but tell that price keeps repeating specific trends, which most people, unfortunately, ignore or simply don’t understand.

Last week, I found Danny who, apparently, decided to depart from the herd.

Danny might have been considered a dump for selling near Bitcoin’s peak but what most people didn’t realize was that he had realistic expectations. He saw the dying momentum and his view o the market was not driven by emotions but by what he saw. To him, all the red flags were there before the big crash and it was time to take action as opposed to being hopeful.

I find it naïve that most newbies and opportunists who are “in for the money” keep falling for the famous “HODL” call by promoters even when prices are too overstretched. Following the crypto crash, most of these investors are now most likely too exposed or have lost a lot of their profits. Some promoters have even taken down their online handles after misleading their audiences into buying at the top.

Understanding how to analyze the market by yourself technically and fundamentally is an invaluable skill. It can help you to ignore the noise and focus on what matters; planning the trade and trading the plan.