News can be a catalyst but the thing is I only focusing on price action and my decisions are relying on what is happening to the price, I'm a technical analyst so chart is my friend and I know when the trend will already finish or when it will already reverse. Right now there is no bearish signs in the market but usually the bearish signs are the bearish divergences, failed to hold to a certain support, breaking down in medium support like 50 MA and breaking down in major support. Those signs of weaknesses and expect a reversal. Try to backtest what happen in the last bull run in 2017 where the price experienced those weaknesses that I mentioned above.

The market is currently pausing near the ATH where it may considered as correction if tomorrow's candle will still be red and have a volume but this price pausing is a sign of bullish because the price is still holding at 23.6 Fibonacci retracement. I also expect that the price will consolidate in this time because if the price beat the ATH without prior consolidation then it may consider as bubble where there is a high possibility that a massive dump will occur. If there will be a consolidation I prefer to people to collect and acquire bitcoin as they can to anticipate the nearing breakout to its current ATH.

The only way for the people who plan to enter in cryptocurrency market in order for them to earn gains is by improving their skills and by investing in their knowledge, it is not about investing or trading, it is about how you will acquire knowledge and skills. Actually a lot of people are entering this kind of market because they think that it is an easy money for them where they think rich quick mentality. That kind of mentality is dangerous especially if you are still ignorant in the market because the treat to you by the people who have massive buying power is just a prey. For those who have enough capital to start trading or investing, I prefer to use your skills and services to save money and use it as capital in the near future. A strong determination is required and you must have it for you to have spirit to not give up no matter what will happen.

That's good because you are having priorities unlike other gamblers who spending all of their winnings then they will regret it later after they lose it. I have a trait of a gambler who are always focusing in managing risks because I know that gambling is not just being skillful or being lucky and for me it is not enough because what we need is to know how to handle different risks. Handling our psychology is also important wherein we should not be greedy especially when we are having consecutively winnings because there are times that it lead us to become greedy and lose all of our recent gains where the profit goes waste just because of greed and not managing the risk very well. 

My entry:



Goodluck everyone

For me it is because of HYPE, there are now a lot of data and history wherein a coin pump after it got listed then suddenly after few weeks a massive and consecutive dump will happen. It is the reason why I want to trade a establish coin first for me to have a data that I can use in order for me to analyze and for me to create a good planning to anticipate the scenarios that may happen. I focus on altcoins that have potential where it cannot considered as shitcoins because majority of the altcoins nowadays are really do not have value where in it is hard to enter and to exit in just one trade.

Economic crash is inevitable and the covid-19 is one of the factors why there is a recent economic crash in different countries. Look at the nations especially those 3rd world countries, the poverty rate increase and the unemployment rate also increase. Do not blame your problems in government or in anyone because like what I said economic crash is inevitable and as a part of the economy; we should be aware and should be prepared in the worst and best case scenario. Actually those people who are currently suffering because of the pandemic are the people who are not financially literate because they are only depending to others, a financial literate person can overcome different challenges like this pandemic. I do not judge them, I only said the truth; a financial literate person can easily see opportunities in different kind of problems and obstacles.

I'm now also acquiring altcoins that for me have potential because I know that the altcoins seasons are coming, bitcoin is not the only one that are trending and some of altcoins are now also trending where there are now a lot of bullish signs. As a position trader, I know acquiring positions as much as I can because some of the coin that I will mention is still in accumulation phase where buying is good because the price is still cheap and they are still consolidating. Theses are my top 5 coins in anticipating the altcoin season and these are: ETH, Chainlink, BNB, XRP and YFI. Those coins are within my criteria that is why for me those coins are good when the alts season comes.

My perspective changed in these past months about trading bots, I'm once a hater of the trading bots but now I saw its potential and it is to make money even though you are not monitoring the chart but I still prefer to trade manually because it is the fastest way and the best way to learn trading. Those profitable by using trading bots said that it takes a lot of time, money and effort in order to build a profitable code. Do not expect that you are going to make money easily and guarantee in your 1st investment using trading bots. Also considered the probability of winning because most of the users of trading bots are losing huge because of their wrong algorithm.

But the saddest part right now is Klay will miss another season because he is currently suffering with significant Achilles injury. I hope he can get well soon because it gonna be a good season if he will play with Steph Curry. I'm also afraid that maybe it is his last season because he got injured seriously 2 straight times and I hope that he have high hope and faith for him to play again in the league. I'm so excited before that the duo will be back soon then I found out the news in my newsfeed. 

Sadly to say that a lot of people are keep wasting the opportunities in the market where they prefer to watch than to take any action, for sure that there are a lot of companies and institution who also keep acquiring bitcoin especially today where it is now nearing at its all time high which almost $20k. These companies and institutions have the best analyst for sure and they able to understand that the all time high breakout is the strongest breakout that may happen, it is funny that a lot of people are now scared especially the small players out there where they think that the price is now expensive and overbought. Actually the momentum signal like RSI is having different purpose and uses whenever the prices are having strong momentum.

There will be added sentiment to the price of the bitcoin if the vaccine completely become 100% safe in phase 3 of the developing phase but that sentiment is not the huge where it can considered as small factor. There are still investors that are afraid to buy bitcoin because they keep saying that the pandemic is still not finished where they are expecting more crashes but it will not happen anymore because the market already recovered from huge dumps and for sure that if one of this companies finally released a report that their vaccine is safe, there will be a price increase not only in stock market but also here in cryptocurrency market wherein a lot of investor can now remove the fear that they are keep feeling. Both of the Pfizer and Moderna recently released a news that their vaccine is already at 95% and only 5% remaining and this will only take days or even a 1 week before they finally released the result of their trials.

Considering the timing of the HOLDING is the best way in order to make profits, there are also characteristics and some attributes that a trader should have before doing a holding because it is not for everyone. The 1st thing that we should consider in the patience, can you wait more than 6 months or even years in order for you to take profit? If not then holding is not for you but if you can then you have one of the attributes of the good investors then the second is timing wherein you should do holding if you bought at dips and not in the peaks in order for you to maximize the gains and minimize the risks that you could face. Holding is also depends on what type of coin that you will buy because not all of coins are good for long term investment because there are some that suddenly dying and those coins are threat for our capital.

We cannot really stop them because there are some that are too lazy to study trading wherein they want convenience and earn passive income by availing copy trading. There are some copy trading that are free but there are some have payment in order for you to copy a certain trading wherein you will see all of the details of his/her execution but those copiers should understand that the copy trading cannot give you a 100% gains because it is really depends on who you copy. If you will copy just a wannabe trader who keep boasting that he has good skills even though he is not performing good then of course you may incur losses if you copy a trader someone like that. The idea of copy trading is good for those who do not have enough time understanding and watching the real time price action but for those who have a lot of time; manual trading is still the best because you can experience the trade and you can learn from it.

Imagine the 10% of the portfolio of a certain billionaire is so huge, we are talking about millions of dollars here so for sure it can be a factor why the volume of the bitcoin in the last weeks are keep rising. So, another billionaire became interested in cryptocurrencies, I also speculate that there are some billionaires who also buying but not telling it in the public because it can create hype like this one. Finally, institutional investors, billionaires and some traditional investors are now becoming aware to the potential of the bitcoin. I'm sure that the popularity of the bitcoin will drive crazy after it beat the $20,000 mark and a lot of investors will pull out their money in different financial instrument to ride the upcoming price increase of the bitcoin.

So, you also bought bitcoin before the halving wherein the price is still in bearish territory and the market sentiment in that time is still bearish because it is the start of the pandemic if I'm not mistaken, I remembered that day wherein there are a lot of threads about the possible dump of the bitcoin but look at now the chart of the bitcoin. It keeps making higher lows and higher highs which indicating a strong greed in the market. Bitcoin has a healthy uptrend and you can observe it by understanding the chart because right now it making only small consolidations then it keeps breaking out. Congrats to your paper profits and probably it will increase more because the price is almost in the ATH where it is considered as crucial because for sure there will be a price rally whenever the bitcoin pass the current ATH. The forum is become healthier than before and congrats for the others who are also make profit because of the tips and predictions that they are discussing in different sections. 

Many people think that pandemic is a threat for their financial journey but for me it is a opportunity to lessen the curve in order for me to achieve my goals and dreams. Actually my portfolio got better even though there is pandemic, I remembered that when the pandemic starts the price of the bitcoin really dropped so much where for me it is the perfect to buy and luckily I got a guts that pushed me to purchase bitcoin will all of my buying power. Now my portfolio is up with triple digit gains and I now acquiring altcoins that have now showing a bullish signs.

I'm part of the people who lives became better because of the pandemic because I grab a lot of opportunities wherein I know that I can reap what I sow in these past months. I still studying and researching a lot of information for me to become a better trader and a better investor.

I imagine how is that possible wherein you will spend $20 in 12 hours of playing slots 😂 . Sorry for the emoji but it is really crazy when I read the post spending $20 in slots in straight 12 hours. Disclaimer, I did not make fun of it I just found out that is too crazy because for me the possibility to do it is too small because I also play slots in Roobet wherein I also experience consecutively losses and it almost reached $30 in just minutes. That $20 can quickly decrease in slots because of the house edge and it is the reason why for me spending it for too long is too crazy but there is an exception and if you able to grow it and there are a lot of crazy payouts in the Roobet so there is still small possibility but it just once in a blue moon where you can considered yourself as a lucky if you win more than 100x multiplier.

For those people who will sell their bitcoins at $20,000 please don't do it because you will regret your decision. That is the last resistance of the bitcoin and it is considered as the major resistance where if the current price breaks it then for sure a rally will most likely to happen wherein we can see monstrous single day gains. I actually thought that the bitcoin already $20,000 because of the title of this thread and I quickly view the chart because I have a plan to enter when the price breaks the current all time high. I'm not fear because the market is full of greed wherein there are still whales and investors who have huge funds that are still acquiring and collecting as much as they can. The end of the 2020 will be gonna be good because we can see the bitcoin to reach and create a new all time high.

Not all of stocks have low volatility because there are some stocks who have high volatility similar to cryptocurrencies, in terms of what good between trading or investing in volatility of cryptocurrencies; volatility is a matter especially if you are day trader wherein you are making profit in quick swing high or quick swing low if you are doing some shorting. A day trader should choose a cryptocurrency that have high volatility in order to maximize the gains. If you will make investing and not trading, volatility is just a little factor because as a investor you are not hourly or minutes monitoring the chart so you do not have care if the prices are making swing high or swing low in just short period of time.