(Psychology) Is it possible to buy the real BITCOIN bottom? How?
In crypto just like in any other market it is very difficult to buy exactly at the bottom, which would enable us extracting the biggest profits possible in a trend reversal. Less than 1% of people in these markets can achieve this feat.
It is a question that has much connection with the functioning of the human mind and especially the less experienced traders have many difficulties in having a psychological control over their operations.
I'll leave you in related ideas, 2 long-term reviews that leave good expectations of being very close to the bottom before the next bull run, you can check by clicking on these analyzes to better understand what information is extracted from the charts.
Returning to talk about this post...
The human brain is very complex and even if you have a perspective that we are very close to the bottom, probably your mind will "cheat" you and try to make you buy below, always! With each fall in price, our mind tends to block our previous idea and make us wait for a new fall, where we would buy with better price. But at some point the price will stop falling, the trend will reverse and you will continue "sucking finger" and wailing for not having bought where you should. Then when you regain confidence and your mind lets you buy, the price will probably be far from the best purchase you could have made.
The point now is to play against your mind and make it work in your favor, changing that concept of wanting to buy at the lowest possible value, rather making staggered purchases that will allow you to have a much more adequate average price than any purchase in an attempt to hit a real bottom. In addition your mind will lessen the pressure on such an important operation as your buy orders are being reached your mind is becoming more relieved by being partially positioned! Of course, it is necessary to know how to identify graphically where a possible reversal is beginning, it is no use having psychological control and buying at a random point of the chart, but in this post I am only addressing the psychological part (You can see graphical analysis in related ideas).
In the financial market there is a well-known strategy, the dollar-cost averaging (DCA), and is using that + 2 other strategies that we will be able to carry out a successful "buying the bottom" operation in a reversal zone.
This is an introductory/psychology focused post and the next one with the technical details to buy bitcoin looking to long-term will be done when this post reaches 100 likes.
I am counting on your help to reach this mark and then I will bring an incredible post with a DCA allied with two other strategies that will allow us to buy bitcoin at an incredible price thinking in the long run.
God bless!
Please hit LIKE and FOLLOW me!
BTCUSD
BTCUSD
BTCUSD
XBTUSD.P
It is a question that has much connection with the functioning of the human mind and especially the less experienced traders have many difficulties in having a psychological control over their operations.
I'll leave you in related ideas, 2 long-term reviews that leave good expectations of being very close to the bottom before the next bull run, you can check by clicking on these analyzes to better understand what information is extracted from the charts.
Returning to talk about this post...
The human brain is very complex and even if you have a perspective that we are very close to the bottom, probably your mind will "cheat" you and try to make you buy below, always! With each fall in price, our mind tends to block our previous idea and make us wait for a new fall, where we would buy with better price. But at some point the price will stop falling, the trend will reverse and you will continue "sucking finger" and wailing for not having bought where you should. Then when you regain confidence and your mind lets you buy, the price will probably be far from the best purchase you could have made.
The point now is to play against your mind and make it work in your favor, changing that concept of wanting to buy at the lowest possible value, rather making staggered purchases that will allow you to have a much more adequate average price than any purchase in an attempt to hit a real bottom. In addition your mind will lessen the pressure on such an important operation as your buy orders are being reached your mind is becoming more relieved by being partially positioned! Of course, it is necessary to know how to identify graphically where a possible reversal is beginning, it is no use having psychological control and buying at a random point of the chart, but in this post I am only addressing the psychological part (You can see graphical analysis in related ideas).
In the financial market there is a well-known strategy, the dollar-cost averaging (DCA), and is using that + 2 other strategies that we will be able to carry out a successful "buying the bottom" operation in a reversal zone.
This is an introductory/psychology focused post and the next one with the technical details to buy bitcoin looking to long-term will be done when this post reaches 100 likes.
I am counting on your help to reach this mark and then I will bring an incredible post with a DCA allied with two other strategies that will allow us to buy bitcoin at an incredible price thinking in the long run.
God bless!
Please hit LIKE and FOLLOW me!
BTCUSD
BTCUSD
BTCUSD
XBTUSD.P
Commentaire:
If you can, please help me also sharing this idea with your friends! More views = + Likes = Next detailed post with DCA+2 strategies.
