You can only fear the unknown, confidence kills fear.
Knowledge instills confidence.
If your confident you know and are able to...
“I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”
― Frank Herbert, Dune
Below are 3 charts of Bitcoin
Chart 1 and 2 shows the dotted line with the 144 day moving average with the price tagging it over time. We're at that point again.
Chart 3 is a 4 hr. cycle and it shows the narrowing of the averages and the price tagging the averages. A coiled spring.
Chart 4 and 5 are 2 hr. cycle charts. The price has bounce once and found resistance at the 11800 USD area.
Overall, the odds are in favor of price appreciation and those odds at this point aren't much above 50% but they're positive and right now that's all that counts.
As always things can always change.
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Cryptos are dropping are people want to panic, the just allow circumstances to influence them, this things always go back up, but will never continue going up, how then will we make the profits.
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You need an angle, a method, an in, an out........ self discipline is the most important thing. More often than not you have to be burned a couple of times to catch on and never quit.
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Fear is built into our brains to survive. Its inevitable to feel. So instead of fighting fear why not use it instead.
With trading and investing when I feel fear I journal and use it as data.
We can control the behaviour response to fear but we cant control fear. Its part of being human.
Great post and TA. I am now following you 📈🤠🚀
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Good point, using fear to take the opposite trade is more often than not........ successful.
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