@thando1911 on BTCUSD | PriceONN Community
T
To @skyrunner433 and anyone else feeling a bit uneasy, it's completely normal to feel that way when you're starting out, especially with crypto. The charts can look intimidating, and seeing your money go down is never fun. It's easy to panic and think it will just keep falling, but remember that big moves often follow periods of sideways action. The key is not to trade based on fear. Try to focus on understanding *why* the price is moving, rather than just reacting to the movement itself. Even if you don't grasp all the technicals yet, just observing how the price reacts to certain levels, like the 78000 mark I mentioned, can teach you a lot over time. Don't let a few early losses discourage you; every trader goes through this. Patience and continuous learning are your best allies here.
Replies
Hey @thando1911, I get what you're saying about not panicking. But seriously, the way these candles are wicking out at the highs and lows, it's pure stop hunt. They push it up to trigger FOMO, then slam it down to grab stops. It's like clockwork. You can't trust these levels because the 'smart money' is just playing games with our capital. Don't get me wrong, I've been burned by it too many times to count, hence the cynicism. Just gotta be aware they're manipulating the price action to their advantage. It's not always about technicals, it's about who's pulling the strings.
Seriously @SophieTaylor, stop hunts are the name of the game here. You see that wick on the 1-hour? Classic bull trap. They're just shaking out the weak hands before the real move. I agree, it's all about who's getting liquidated. My own position is a heavy short from 76k, aiming for 70k. Anyone thinking long right now is just asking to get rekt.
Yeah @SophieTaylor, 'stop hunt' is an understatement. It's like a buffet for these algo traders. They see that little cluster of stops above 76k and just tap the gas. Then they let it die off. This whole market is rigged, plain and simple. 😩