BITCOIN-Bulls Have Everything Under Control. Relax! Emotions
Updated
D4rkEnergY is back, and he is more ready than ever to bring you this update on Bitcoin. Did you see the latest calls? First the brake through historical important 11,600 USD, and the Long to just under 14,000 USD, for hereafter giving the Stop Hunt Warning. And a few hours later, we got a 2,000 USD Stop Hunt.... Relax...
Lets talk Emotions
When I wake up, and I see BTC is at 13,000 USD, I also feel Fear of Missing Out (FOMO). My heart starts instant to beat faster, I can feel a rush in my body and when I then go into TradingView or Twitter, and see that everyone is talking about 20% gains everywhere, and I see, that people are panic buying, I also panic, and I want to buy.
When I suddenly see huge long red candles, and a 2,000 USD stop loss, I also get anxious, I start to get clammy hands, I start to sweat, and suddenly everyone is starting to panic sell, I also panic, and I want to sell.
So what is happening? Without going into too many details, when we see someting, our brain starts to interprete the event, which then sends signals to our sympathetic nervous system, which is the reason why we get a physical reaction. Somebody also knows this as the fight flight response.
Why Trading is Hard
In daily life it can be a good thing to listen to your feelings, and act on them. But not when it comes to trading (usually). The reason why trading is hard, is because, you often have to do something that is CONTRARY to your feelings to win.
So when events like I have described for you above occurs, most people have a hard time to control their actions, and act on their feelings AND being consitstent with it. And suddenly within miniutes you might already have entered and exited a couple of trades and lost.
The point is here, that we are NOT trying to change our feeling, but we are trying to change your actions.
Solutions
Things like a strategy, money- and a risk mangement all contributes to a more healthy mindset, which help you to not act on your emotions. If you want to take it to the next level, which I have done, you can do mindfullness and meditation exercises, which have scientific evidence that it helps on stress reduction and in general the para sympathetic nervous system, which is the response that go in and regulate your nervous system.
D4 Loves You <3
Please give a LIKE, and I will go more into detail about the current BTC-situation! Thanks in advance.
Lets talk Emotions
When I wake up, and I see BTC is at 13,000 USD, I also feel Fear of Missing Out (FOMO). My heart starts instant to beat faster, I can feel a rush in my body and when I then go into TradingView or Twitter, and see that everyone is talking about 20% gains everywhere, and I see, that people are panic buying, I also panic, and I want to buy.
When I suddenly see huge long red candles, and a 2,000 USD stop loss, I also get anxious, I start to get clammy hands, I start to sweat, and suddenly everyone is starting to panic sell, I also panic, and I want to sell.
So what is happening? Without going into too many details, when we see someting, our brain starts to interprete the event, which then sends signals to our sympathetic nervous system, which is the reason why we get a physical reaction. Somebody also knows this as the fight flight response.
Why Trading is Hard
In daily life it can be a good thing to listen to your feelings, and act on them. But not when it comes to trading (usually). The reason why trading is hard, is because, you often have to do something that is CONTRARY to your feelings to win.
So when events like I have described for you above occurs, most people have a hard time to control their actions, and act on their feelings AND being consitstent with it. And suddenly within miniutes you might already have entered and exited a couple of trades and lost.
The point is here, that we are NOT trying to change our feeling, but we are trying to change your actions.
Solutions
Things like a strategy, money- and a risk mangement all contributes to a more healthy mindset, which help you to not act on your emotions. If you want to take it to the next level, which I have done, you can do mindfullness and meditation exercises, which have scientific evidence that it helps on stress reduction and in general the para sympathetic nervous system, which is the response that go in and regulate your nervous system.
D4 Loves You <3
Please give a LIKE, and I will go more into detail about the current BTC-situation! Thanks in advance.
Note
Lets zoom in, and take a look why the Bulls have things under control. So far nothing has changed, when it comes to the overall plan, that Whales and Exchanges are pushing forward, and once in a while we are getting a punishment when the Longs are getting to greedy.This is a normal ABC Correction. We should be on the 5th wave on C, and have one more wave down before we will go up again! This is the most likely scenario.
Note
So far nice bounce on my trendline, and the bulls still have everything under control, and it match my waves.This is still going according to the plan. Whales have now done their job again, and converted a lot of the Longs who yesterday was shouting BUUUL MARKET BITCOIN 30,000 USD, and today they are calling a bear market.
Note
It seems like we had a 5th wave Extension on C.This is super interesting, and this is why my TradingView post is very relevant. 2 days ago people were celebrating 14,000 USD and everyone were talking about a New ATH - What happened, a Stop Hunt! Longs got punished.
Take a look at my Short vs Long indicator, and that huge gap. We now once again have a huge disproportion which means that people once again are questioning everything. And it doesnt take long to see that people again in here and Twitter are now pessimistic about everything.
I want to say that this is normal. We all feel what we do, and we cannot change it, and we dont want to change it. But the mistakes first take place, when you ACT on it.
Last time when there was such a big disproportion we just continued up - its so easy for the whales to punish the shorts now. We have already gone through 11,6k -All of them who now converted from Longs to Short get punished again.
This is why its hard. Trading is fxxxx with your feelings, and if you act on it, you lose!
Note
11.800 USD right now, and it confirms what Im saying. The whales are winning again, retailers are losing cause they caught up in their feelings. It hurts to see all those Shorts been liquidated cause they dont understand the mental game here.First they get Stop Hunted by the whales at 14,000 USD, and hereafter they go Short and get killed again. That is the name of the game.
Note
The update i here: The 2 Most Likely BITCOIN Scenarios You NEED to Know About!
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