Markets is not the magic. They dont care about your emotionals. And usually they dont like simple patterns that can paint any moonboy.
* 90% of traders loosers
* 10% of traders winners
This is important conditions for market growths.
One question - Where does the market take liquidity to go long?
After long flat where we get liquidity to do x2 for all crypto?
The answer is simple - from the crowd. And here we have 2 ways:
* Buying all shorts to create FOMO and go long (usually at the top of the market like 2017 nov-dec)
* Massive sell-off to get liquidity from the crowd (usually at the bottom of the market)
If we will watch past expirience of Bitcoin - in the most cases we get liquidity from the SPIKES. Its massive sell-off where crowd sell all positions to the big players.
This is the most popular method to get liquidity.
You have a choice:
* Buy now and hope that price will go up (why? the market is not obliged to you)
* If market will go up - just buying first pullback (usually on FOMO market)
* If market will go down - you have a better prices in this correction (usually on bottom market)
Strategy for levels:
* If 5400 hold we go up
* If 5400 broke we go to 3000-3500
* If 7400 cleared we just buy first pullback