This isn't actually forecast but observation with dose of frustration. As a new trader (I started a month ago), it's hard to explain how difficult for me is to trade with cryptocurrencies. I was exploring a lot on TradingView, watching charts, reading ideas, searching for correlation and trying to predict where the price will go. The last BTC breakout from 8k to 8.8k was a nightmare for me. Every sign was pointing that BTC needs correction and should fall to lower levels but instead it started to rise. Well, I was out of market at this time and miss the "train" - as I mentioned in my previous posts that is better for newcomer to wait for the move.
Someone smarter than me said, market wants to go where it wants and this is the only rule. All analyses, TA and ideas are just right with more or less probability. How to pick right one when whale come in equitation - I think it's impossible. So, are we left on mercy of big players here. How to protect my position - with tight stop losses. I tried that and a bigger price oscillation just kicked me out and usually price continued to rise. Should I watch the chart all the time and react when trend will change. You know how this sounds funny when you watching 5m or 15m chart.
Can you suggest some good HowTo for newcomer. I found myself in several times fighting with greed. When is enough, when to stop and go out or even better how to recognise peek. Do you have some special receipt or it's based on experience and hidden knowledge.
Well, this are just my written down thoughts. If you want to give me some advice I will be very grateful.
Thanks in advance and happy trading!
Someone smarter than me said, market wants to go where it wants and this is the only rule. All analyses, TA and ideas are just right with more or less probability. How to pick right one when whale come in equitation - I think it's impossible. So, are we left on mercy of big players here. How to protect my position - with tight stop losses. I tried that and a bigger price oscillation just kicked me out and usually price continued to rise. Should I watch the chart all the time and react when trend will change. You know how this sounds funny when you watching 5m or 15m chart.
Can you suggest some good HowTo for newcomer. I found myself in several times fighting with greed. When is enough, when to stop and go out or even better how to recognise peek. Do you have some special receipt or it's based on experience and hidden knowledge.
Well, this are just my written down thoughts. If you want to give me some advice I will be very grateful.
Thanks in advance and happy trading!