Hello, Project HOPE community!...
Today I want to talk to you about the importance of human emotions in the Cryptocurrency Market:
It's a pleasure for me to post once again here and share with you the experience I had while trading today, and how I realized the significance of human emotions in cryptocurrency trading.
Specifically, I want to discuss the recent Bitcoin Pump and how I seized this opportunity to achieve successful trading today.
Furthermore, I will demonstrate the importance of human emotions in the trading world, showing that at times, we can outperform automated trading bots with our intuition and market knowledge.
The decision to enter a trade is challenging, and identifying promising opportunities can be very exciting. What I did was closely observe the possibility of the EMA20 line crossing above the MA50 on the BTC/USDT chart. This simple technical indicator on TradingView (where TradingView charts are clearly visible in the screenshot on the left) and my emotions gave me the signal that it was the right moment to enter a long position on BTC/USDT.
However, I didn't solely rely on this indicator to confirm my decision. I also analyzed market volume and stayed informed about the latest news in the cryptocurrency market. And just today, the news was positive: 'Cryptocurrency exchange Binance has officially entered El Salvador, and PayPal USD is the new stablecoin from PayPal.' These additional factors gave me the confidence I needed to execute my trade entry.
I only did a test and traded with 10 USDT on StormGain, entering the long position before the EMA20 line crossed the MA50 line (as clearly seen in the screenshot on the right showing the StormGain interface and the opening price of the BTC long position highlighted in fluorescent yellow at $29,190). Once in the trade, I was able to experience the adrenaline that only the cryptocurrency market can offer. As Bitcoin was rising, the most exciting part was when I realized that my trading had outperformed my KuCoin DualFutureIA trading bot, as the bot hadn't executed any trades yet.
In summary, today's Bitcoin Pump was an opportunity to leverage the cryptocurrency market, and through my trading, I was able to capitalize on this bullish trend to some extent. However, what truly satisfies me today is not the few USDT I gained, but rather seeing that I outperformed an AI, an automated bot. And all of this highlights the importance of human emotions in trading. (While it's true that automated trading is often great, it can also be misleading to assume that emotionless bots are always better than humans.) Sometimes, our intuition and market knowledge can outperform trading bots. (As demonstrated perfectly in the two screenshots above!! On the left, there's an image from TradingView showing the EMA20 line crossing the MA50 line on the chart, and on the right, there's an image of the KuCoin DualFutureIA automated trading bot, both screenshots taken simultaneously, clearly showing the bot still waiting neutrally without executing any trades.)
The ability to sense the right moment to enter a trade can make the difference between success and failure. So, trust your instincts and stay informed about the latest news in the cryptocurrency market!
Please note that the information provided here does not constitute financial advice. Cryptocurrency trading carries a high level of risk, and it's important to conduct your own research before making any investment decisions.
I hope you found this article interesting and helpful. Thank you for reading, and I look forward to your comments and opinions!.
Greetings: Leandro @leorock