You didn't expect the crypto dump in the past 5 days as a crypto beginner.
Here are the 5 most common mistakes I see daily:
1. You don't plan trades, wasting time for the perfect moment, buying high and selling low.
-> Plan, strategize, and execute using support lines for orders.
2. You ignore geopolitics and traditional finance dynamics.
-> Understand risk-on/risk-off situations and briefly monitor NASDAQ, USD, oil, and gold.
3. You rely too much on X posts and crypto influencers, who may have biases or be paid to promote projects.
-> Focus on channels with strong historical win rates.
4. You overcomplicate technical analysis with diagonal support and resistance lines.
-> Stick to horizontal lines for simplicity.
5. You don't track smart money.
-> Smart traders' behavior, combined with geopolitical events, often tell you about the upcoming direction of the market.
The next $BTC range seems to be 93-97k.
USD at resistance. Crude oil ripping higher highs.
Currently I don't buy falling edge alts yet.
$ETH looks really bullish.
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