One of the critical mistakes I made while examining MACD-RSI and Bollinger bands was wanting to open a short position when the 4-hour candle was going down and the daily candle was going up. Daily and weekly analyses can usually lead to more accurate analyses for Bitcoin and other technical analysis tools.
New product pricing
One of the biggest mistakes I made while doing Bitcoin November and December ATHs was using high leverage on hourly and 4-hour charts. Especially in new product pricing, 1-hour candles can lead us to more successful results.
Ethereum ETFs and things to watch out for
I believe that the market has four cycles: Bitcoin ETF approval and ATH, Ethereum ATH, Other dominance ATH, and cat dog frog whale coins ATH (the most dangerous phase). Especially since Ethereum ETFs are being approved right now, it is necessary to take a very careful position in Ethereum ATHs. It is necessary to take a careful position against necessary whale explosions and geopolitical risks that will occur until the 20th.
Price Actions
Although I do not consider myself a successful trader, as someone devoted to this system, I am obliged to listen to the right people. The thing that especially teachers like Sidar Demirgil, Aydın Bilek and Bora Özkent emphasize the most is that these coins make people work. Since companies work with people, you need to take profit slowly. I respect this philosophy because especially the ETF market is very volatile. Everyone is talking about Solana and Ethereum ETFs, but the market can also go by collecting liquidity. The fact that there are geopolitical risks worldwide, especially with a drone we saw in the summer months or even with Powell’s latest interest rate decision, the desire of whales to bring down the market can lead to different price fluctuations. Do not give up on taking precautions against everything, but do not give up taking risks at the points where risks can be taken.
Resource: www.stormrake.com/blogs/post/Bitcoin-2024-Halving-Edition
