“Buying the lows and selling the highs” is difficult for everyone. There’s a reason why we have “hodlers” and “bag holders”. The first group hopes their asset will rise above their starting point, and the second has accepted reality – that they “bought the high”, mostly in FOMO (fear of missing out).
The author addresses this and other aspects of crypto investing/trading (he has experienced buying the highs himself, also…).
Generally, this blog is an attempt to bring a different type of energy to the crypto trading world. The author has practiced yoga and meditation daily for more than 10 years, and also has more than 10 years experience analyzing financial markets (largely based on Elliott Waves theory and sentiment analyses).
As there are many misconceptions and some odd beliefs out there, the author thought to share what he has learned to be an effective way of analyzing the markets.
If you keep reading this blog, you’ll notice that the articles are mostly of a “contrarian” nature. When the trading crowd becomes too excited, you’ll hear the author speaking words of caution. And when fellow traders are getting desperate, you might find some lights of hope here in the moments of darkness.
That’s why we say its a different energy… or, as the author is also known in some circles with his second name… “balance”. By reading the tipping points, we can maintain balance in an ever-changing landscape and (hopefully) make better decisions.
It is important to understand that this blog is not trading advice. No trading recommendations are given here. Crypto assets are analyzed from a strictly educational point of view.
What assets do we cover? Mostly ETH, though lately we’ve also focused on BTC, and even XMR and ETC on occasion. Heck, we even mentioned AMP once (as it was an interesting case)!
One final word… bigger work is taking place on the santiment.net platform. If you’re interested in crypto market psychology, feel free to check it out.
P.S. You can read the previous version of the introduction here.