Crypto Connoisseur

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Crypto Connoisseur

Crypto Connoisseur

@Themanlibs

Studying the secret's from the best in the game. LCA and MT. Journal entries in Highlights.

Katılım Kasım 2021
8 Takip Edilen667 Takipçiler
CryptoError 369
CryptoError 369@CryptoError369·
How to Win Against Your Old Self Have you ever been extremely motivated, yet still end up in the same place you were trying to escape? You learn from your mistakes. At times you are highly motivated and actively absorb new knowledge. You genuinely want to improve. Yet over time, the same old patterns seem to catch up with you again. It can feel like swimming against a powerful current (main trend, old-self). For a moment, you manage to push forward. Sometimes it even looks promising. But eventually your old habits and behaviors, pulls you back. (main trend) So how do you get past this turning point? How do you overcome a deeply rooted pattern? In my view, there are two main ways. 1. Rock Bottom The first path is what people often call rock bottom. When you reach this point, the direction is often only upward. This does not mean that things cannot get worse. Life can always dig deeper if nothing changes. However, reaching this point often forces a shift. From there, small wins start to matter. Small improvements accumulate and sometimes create a powerful initial momentum. That momentum can trigger a major turning point, the beginning of a new long term trend in your life. (Old main trend -> New main trend) 2. Strategic Brainwashing The second method is what I call strategic brainwashing. It is extremely powerful, but it requires a certain type of mindset. First, you must clearly define the person (New main trend) you want to become. What does this new version of you look like? How do he think? How do they act? How do they approach challenges? Once you understand this clearly, you begin acting according to that identity in small, consistent ways. You complete small challenges the way that person would. Over time something important happens. Your beliefs begin to shift. What once felt like blind faith slowly transforms into certainty. You no longer hope the system works. You know it works because you have seen the evidence through your own actions. Eventually you reach a turning point. (Old trend - New trend) At first the old identity is the "strong trend" and the new identity is the "weak one". But through repeated action the balance begins to shift. Then something powerful happens. The new identity gains momentum. From that point forward every setback no longer pulls you back to your old self. (main trend is more powerful than short trend) Instead it strengthens the new person you are becoming. (Pullback -> Continuation) The trend has reversed. You have strategically taken control of your mind. And when you control the input, outcome will follow naturally. Input > Outcome.
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Albert
Albert@Albert_618·
This is what I did. I spotted an opportunity to scalp my way up - first time failed, reentered after see what I want to see and made gains. So I'm now 4% up of the day - I won't risk more than necessary to still close the day green. That's how I manage my Sessions - if given. Since today is FOMC I don't think I will trade anymore.
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Albert
Albert@Albert_618·
@Ancient8Wisdom I cant find the post but he said something like "to make it in this game you must study micro TFs"
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Arctic crypto
Arctic crypto@tviburinn·
@Themanlibs What about to go back on the 3Month ob before to go north ?🤔
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Bitfunded
Bitfunded@bitfunded·
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Crypto Connoisseur
Crypto Connoisseur@Themanlibs·
@CryptoError369 Yes, but I would note: $BTC concludes the large majority of it percentage down moves in the first part of its bear market. Then tends to be very sideways for the most part.
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CryptoError 369
CryptoError 369@CryptoError369·
This is how I currently view the market, particularly Bitcoin, from a longer term perspective. A macro trend shift only happens once. In many ways it is relatively straightforward to follow price, liquidity, and the broader narrative to recognize when that shift has occurred. The real challenge is navigating the market during the period between those macro transitions. Historically, during bear markets we have rarely seen situations where HTF (1D and above), let alone 3D or weekly candles, close above the most recent swing highs. Move like that would suggest a potential change in the primary trend. When price approaches these previous swing highs, it often creates a sense of hope in the market before a negative plays takes place. In my experience, this is usually the worst possible time to be wrong, precisely when the market offers the strongest sense of hope. Looking ahead, I believe the majority of traders may make a similar mistake. -> Many will compare the current structure to the 2022 bear market and conclude that the bottom will likely form somewhere around the 40k to 45k region. However from a timing perspective, the current downtrend is nowhere near the typical duration of a full bear market cycle. In addition, there are significant liquidity levels below sub 40k. I believe larger players will almost certainly target those levels before any true macro reversal takes place. It is important to remember that the macro trend only changes once. Everything before that should be treated as shorter term trading. (Spot) If we see a strong reaction from the 40k to 45k zone, especially at the same time many traders believe they are buying the bottom, it would be wise to take profits and adopt a defensive mindset... The market does not give away free money. The lower price trades, the more bearish the majority of traders will become. In reality, this is usually the exact opposite of how traders should be thinking. Eventually they will be extremely bearish near macro bottom. (I mean spot buying on BTC not shitcoins, they can bleed forever) By the time the real bottom eventually forms, possibly sometime around early Q4 to Q1, very few traders will still have the patience or conviction to buy it. Most will have already exhausted themselves by buying every perceived local bottom on the way down from much higher levels. The primary trend is your friend. Without higher timeframe market structure everything is just noise. Summary: Majority will call bottom 50 times before real one happens.
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Crypto Connoisseur
Crypto Connoisseur@Themanlibs·
RT @Salad_trades: My thoughts on BTC and the market. Very little to do here IMHO just watching waiting. Less is more. https://t.co/Tuwvko46…
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DYOR Moneytaur
DYOR Moneytaur@Hopium47·
And you break down when you don't stick to your strategy.
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DYOR Moneytaur
DYOR Moneytaur@Hopium47·
I took 4 losing trade today ❌
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CryptoError 369
CryptoError 369@CryptoError369·
Worth of risk imo 🤷‍♂️
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