Polkadot: No Bottom Confirmed (Professional Level Trading)

4 oct.

Here is a chart where we do not have a bottom. We do not have a bottom pattern and no reversal signals. There is no bullish breakout, no rising volume, nothing. We can find something by looking at some indicators but all these signals would be weak.

Now, consider this, how far lower can it go?

We've seen how a strong bullish breakout, a surprise move, can produce 20%, 30% or even up to 50% in a single candle. After this move, we get some normal growth; slow and steady growth. It is very hard to anticipate or predict a bottom. It is easy to find one after it already formed.

If we are looking to position ourselves for the major 2025 bull-market, we can consider buying even before we get confirmation that the bottom is in. How far lower can it go?

Even if it were to drop by 10%, 20% or 30%, this isn't much compared to the bigger picture. If it drop by this much in a sudden move or flash crash, it would recover right away. If it were to move lower slowly, it would only last 1-2 months before the next market phase, and thus we are ready to buy, to accumulate.

When nobody is looking;
When the chart is low and red;
When the market is quiet;
That's the best time to enter a LONG trade.

In a chart like this, we buy and hold thinking of the long-term.

If prices drop, we have two options: 1) Wait patiently for the recovery and development of the next market phase; 2) buy more if our financial situation permits and to enjoy even better and higher growth potential in the upcoming bullish wave.

We can only approach this chart, this pair and this market in this way because we have an edge. Our edge is the ability to read the charts. If you can read the charts, you don't need to chase a 1% move nor to be in front of a computer 24-7 while you damage your eyes, your brain and your health. You just need to catch a few of these 500%-700% moves and this is enough to make a real change.

Remember, success in trading is not achieved by winning 9 out of 10 trades.
You just need to be calmed and detached, wait for the right time and catch the bottom, or close to the bottom, and then just buy and wait.

The buying and selling is mostly a big myth. It only leads to loss, stress and pain long-term. When you work on your mind and study, just waiting, the right opportunity tends to show up at the right time. This is what we are doing here.

We are not looking at this pair while it is green, rising and everybody is out of control. Notice how calm everything is now... That's the signal. Buy when nobody wants to buy. Sell when everybody is rushing to buy because the mass tends to be wrong.

It is not really about the mass being right or wrong, it is about buying low and selling high.

Thanks a lot for your support.

I am wishing you success.

I will continue writing for you daily until the next bull-market reaches it end.

Thank you for reading.

Namaste.