✳️ Alien Worlds New All-Time Low Is Good | Trading Basics

13 Feb

"Once we hit bottom, the only place left to go is up!"

Don't you agree with this phrase?

Alien Worlds (TLMBTC) hit bottom yesterday, literally just one day ago.
We don't know if this is the actual bottom but we do know that this is the All-Time Low.

Now, looking at the whole market, it is possible that this is the bottom and the risk is low if this isn't the case.

Other pairs that I shared recently, earlier today or yesterday or a few weeks back, are now starting to grow. Some of these pairs such as NULS, SCRT, ORN, CTSI and DUSK produced two or more digits of growth. The market is interconnected, the pairs are linked by the market cycle and what one does, the rest tends to follow.

This theory supports the assumption that yesterday ATL can be the bottom for TLMBTC and thus a bullish wave now tends to follow.

Other than a volume breakout and a rise above EMA10 we don't have that many bullish signals... Here are the advantages and disadvantages of being too early:

- Higher potential for profits is a big advantage.
- Higher risk is a small disadvantage.
- Uncertainty is a disadvantage.
- Lower profits potential is a disadvantage and this happens to those who wait.

Everything has its bright and dark side, pros and cons, there is no wrong or right way to do things.

One choice can yield certain results and a different choice a different set of results.

How you approach this and other pairs will definitely depend on your trading style, risk tolerance and goals.

I like catching the bottom but sometimes this fails and instead of a bullish wave we have to wait for months. That is one of the disadvantages.

Sometimes it works nicely and you get big profits while those waiting for confirmation lose the opportunity of entering at bottom prices.

We gather all the information that is available all around us and adapt them to our own style. Each and every single trader has to develop his/her own trading methodology. What works for me might not work for you.

Some people can be in front of the computer 24/7 and still feel good. Others can only do it for so long... So your trading style needs to fit your life style for best results.

My wish is to be a beacon of light in your learning and trading journey... If you find one line useful that helps you grow, learn and/or improve, I am more than happy with what I do and I hope that you too.

This information is shared freely and I will always continue to do my job.

I know there are many ups and downs, we are all humans and I am grateful for your continued support.

Feel free to leave a comment with your questions.

See you on the next one.

Namaste.