$BTC Report After reaching 84k exactly as predicted, we are now seeing the second scenario mentioned in the previous #BTC Update, a retracement towards the 80k zone. Although I expected a retracement to 82k, the 82k zone was lost, and #BTC is now finding support in the 79-80k zone. This is a huge accumulation zone, as I see it, and I believe 79-80k will hold. We opened a Long on $BTC 2 days ago with 79447 as our Entry. The big players are accumulating this zone, while gamblers on X with 2 years of trading experience are calling for 70k and lower. I don’t see any reason for the market to give a lifetime buying opportunity to latecomers. The bottom was in at 60k when we called it, and I don’t believe we will revisit the 60-70k range anytime soon. I expect to see 86k in the next days/week.
Trading Lesson No. 5: Randomness and Probability 1) Each trade’s result is random and one-of-a-kind, with no set pattern of wins or losses, even if you see trends overall. You might see a pattern on your chart, but that doesn’t mean it will come out exactly as you expect 100% of the time. Explanation: Accepting this helps cut down on anger and pushes you to think in terms of chances, not guarantees. It stops you from feeling tricked by the market. For instance, a coin toss could give seven heads in a row by chance, just as a good trade with everything planned might lose. Always remember it’s not a trader's job to foresee the future but to analyse and apply risk management to the probabilities that might occur. See every trade as one piece in a 100-trade puzzle to find your real advantage. Dont see trades as individual events, focus on your last 20 trades than your last one. Think, Do you get upset and doubt your plan after just one bad result? 2) Prices in the market change based on what everyone believes together, and they need buyers and sellers to agree for movement. Explanation: Markets are about the thinking of the masses and their feelings, not just lines on a chart. Your advantage comes from odds working in your favor over many trades, like how casinos always win in the end. Always limit your risk to 1-5% of your portfolio per trade to handle bad runs. Separate your Spot portfolio from your Futures portfolio, short-term bets should not affect your long term portfolio balance. For more Educational Content, Reports and Setups follow @Morph_Trading