The TradingView user jaydee_757 brings a very important lesson about his vision of the trading markets, which is very valuable for those of us in crypto.
He also supports his opinion with a chart and his technical analysis, which is very clear and interesting.
This is what he says in this article on the TradingView platform.
Buying opportunities:
I love buying the “Extreme Fear” on multiple timeframes.
Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! 😉
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Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
Short-term focus is deceiving:
People are so focused on the hourly/ daily timeframe that they get emotional on every dip! Take a step back to the weekly/ monthly timeframe and see why I’m so bullish now. Stop looking at the short-term dips/rise. Short-term is irrelevant for the move that is coming!
Emotions are misleading:
You can’t be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts.
Stop listening to the hype:
Don’t follow the majority, because the majority will lose in the end! Also, don’t buy the hype when everyone is buying.. instead buy the fear when everyone else is selling.
He then goes on to explain the technical side of his analysis, stating that when the RSI and Stochastic RSI indicators are in between the Orange Box and the Fear and Greed index is at “Extreme Fear”, this is your best opportunity to buy Bitcoin.
He explains the best opportunity is when the RSI (Relative Strength Index) and Stochastic RSI (Moving Average Convergence/Divergence) are between 0% and 100%. This means that there is low volatility in the market and therefore no fear or greed involved at this point in time. This can be determined by looking at the Fear and Greed Index which shows whether people are fearful or greedy during their trades at any given time.
Finally, he offers some interesting thoughts, citing, among others, the most successful investor in history:
“Be fearful when others are greedy, and greedy when others are fearful.”
Warren Buffet
“Markets are a device for transferring money from the impatient to the patient.”
Warren Buffet
You can follow jaydee_757 here.
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
