Reversal Psychology !

[tbct_mt2]

The psychology market cycle is right and only market participants reject to accept the truth.

When the market finishes accumulation and begins a bull run, people doubt of a beginning of a new trend. When they accept the trend, it is a period for FOMO and does not last long.

When the market finishes its bull run and begin a bear phase, people don't believe it, hesitate to accept a fact. When they accept a bear trend, they sell in bottom lines.

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[1715699152]

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[1715699152]

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[herurist]

The Psychology of Reversal probably only occurs short term if we keep checking the prices too often. I mean right after we buy or sell the chances are probably 50/50 for the price to move in our favour or against us. While it is important to check prices regularly, we shouldn't worry too much about short term gains or losses in my opinion. It is better to trade for the long run. Crypto currencies tend to move in cycles, so if we make some loss this year, we will likely recover next year. Instead of selling while my coins are red, I tend to just hold them longer and sell eventually with at least some profit.

that's right, as for this or checking activities every time is often done by day traders. they will continue to update prices because their main income is from there. I think that if they are a reliable analyst, it is a natural thing and it is obligatory to know the price every minute.

As for the mistakes that are often made, they are not even called day traders, nor are they long-term traders depending on their situation when they have free time. well that is often a factor that has a negative impact on trade psychology.

[CryptopreneurBrainboss]

When the market finishes its bull run and begin a bear phase, people don't believe it, hesitate to accept a fact. When they accept a bear trend, they sell in bottom lines.

Quick question though, are we bearish or still bullish?.

It's quite difficult as the rate the market switches it trend is unpredictable. Few days we're all bullish, everything is moving smoothly and he price of our favorite cryptocurency are doing great numbers and giving impressive returns of investment then the next second everything goes wrong.

Lets not forget too that our emotions is still having a major impact on the market due to the fact, most of the investors are immature to handle risk of the market as a result of not having prior experience, you can't just expect them to identify this switch of trend.

Also let's not forget there's also the YouTubers (community) giving them false hopes of the market still been bullsih which makes them keep believing and not securing their profit or cutting down their losses.

[AakZaki]

that's right, as for this or checking activities every time is often done by day traders. they will continue to update prices because their main income is from there. I think that if they are a reliable analyst, it is a natural thing and it is obligatory to know the price every minute.

As for the mistakes that are often made, they are not even called day traders, nor are they long-term traders depending on their situation when they have free time. well that is often a factor that has a negative impact on trade psychology.

updating prices at any time and seeing the market anytime and anywhere is a characteristic of day traders. but some people can't decide what kind of trading they need and it fits their psychology. shirt term, mid-term or long term. even it was all mixed and disorganized. So good management and a clear strategy are needed.
Psychology becomes the toughest enemy for everyone even if they are a technical analysis professional.