Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: The fall from nearly $19,000 :(
by
franky1
on 18/03/2018, 23:30:11 UTC
⭐ Merited by RodeoX (1)
struggling to regain the position of the almost $19,000.

the problem is when there is a sudden jump.. silly foolish people talk about it as if that super high price is the norm.
they use terms like "get back to" or "regain"

what you have to think of it as is the market is CONSTANTLY testing the highs and the lows.

the norm is not the high. thats just a test of possibility.
its finding the resistance point where traders find the peak before traders are no longer going to buy any higher

the norm is not the low. thats just a test of possibility.
its finding the resistance point where traders find the bottom before traders are no longer going to sell any lower

once you know what the top possibility is and the bottom possibility is. then you know the safe zone. and then if the price is near the bottom price. you know its discount day and time to buy. and when its near the top and you in profit you know its profit day

stop thinking that once a spike happens it should stay up.
stop thinking that once a drop happens it will always stay down

take your emotions and reverse your way of thinking.
when theres a drop do not think about selling.. let the fools sell and test the lows. while you buy in at a discount
when there is a spike do not think about buying the hype. let the fools buy the hype to test the highs. while you sell for profit