We come from hard times, thanks to a 2022 that was truly a headache for all of us in terms of the prices of cryptocurrencies in the market, and that is why many of us bring deep-rooted psychological trauma about it. But we have to learn to overcome it.
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2022 was a stormy year
Certainly, 2022 was a kick in the ass for most of us who we buy and sell cryptocurrency (and I say most, because for whales there are no bad years, just buying and selling periods), because we had a perpetual downtrend that made us very difficult to grow economically.
2022 was then, what I call, a lean cows year; that is to say, a stormy year in the economic aspect in every way, which brings us traumatized to a 2023 in which we are (and rightly so), refusing to see the reality of things. And that reality is that the storm is probably already passing, and we need to focus on profiting whenever the market allows, as we are most likely at the dawn of the uptrend.
But one thing is the trend that the market leads and another very different thing is that we traders believe it or understand it, especially after a year as problematic as the one we had. But it is something that we have to strive to achieve, because it is no secret to anyone that when most traders finish understanding the trend in which the market is, it is because it is already quite advanced or about to end; And, definitely, the ideal thing to obtain profits through trading is to know how to identify trends early, in order to take advantage of them in all their splendor.
The trauma of 2022
The psychological trauma that 2022 left almost all of us is that, as traders, we had to adjust our expectations in the market too much, even assuming financial losses that affected our personal economies. We then had to cut our spending much more than usual, and tighten our wallets to save in a way that would allow us to weather the storm, hoping to see the light of sun again in the future.
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So, most of the traders in the market we have a psychological trauma that, as I already said; we must learn to overcome, because the competent traders (those who make great profits in the markets) are those who learned to overcome the emotions of fear and euphoria in the markets and, thanks to that, they contemplate and act in them in the most objective way possible.
And as for 2023, we also have well-founded reasons to believe that the whole picture can turn positive at some point.
A new panorama seems to appear in 2023
I do not want to be over optimistic (because I have mentioned in previous posts that we must be careful in the market at all times, especially in the current one), but it is very likely that in 2023 we will see a new panorama in terms of the price and trend of Bitcoin and the other cryptocurrencies on the market.
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Because we all already know that the Bitcoin halving is just around the corner (it will be in 2024), and that almost all other cryptocurrencies on the market emulate the behavior of the Bitcoin price, so 2023 will most likely bring us a positive scenario for Bitcoin and the entire crypto environment.
So the light at the end of the tunnel seems to appear after a very tortuous time, and that is why we must be very attentive to everything that happens in the market in order to take the right actions at the right times. Obviously, all this must come hand in hand with proper management of our trading capital and an adequate strategy, with very well defined take profit and stop loss levels.
Without being over optimistic
So without being too optimistic, I think it is completely reasonable that we have high hopes that the price and trend of Bitcoin will turn positive in 2023, but still, we must be very careful, because as we know (and as I have explained on numerous occasions), the market works based on supply and demand, and on the basis of cycles of accumulation and distribution, so we should not trust too much in anything, and we should take into account all the risk factors that exist in the market.
Because in trading there is something we must take into account that is the SWOT, that is, we must analyze the strengths, opportunities, weaknesses and threats of the market in the most objective way, since, thanks to this, we will be able to operate in a more intelligent way and objective, which will allow us to have greater chances of success in our operations.
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And being completely objective, I do not think that we are already at the beginning of the upward trend of bitcoin (as some think), that is, I think that it is not yet the case; because I maintain that the market has to prove us in 2023, beyond of all reasonable doubt, that we are really in the bullish cycle, and that cannot be assured even with the small and interspersed rises that we have been seeing in the price of Bitcoin so far in January 2023.
Certainly, I think that at some point in 2023 we will be able to say that we are already in full Bitcoin uptrend, and that we will reach the most recent ATH (All Time High) and that we will most likely reach a new ATH (All Time High) before the end of year, but at this moment, I think that the year is still very young.
In short, 2023 promises, but we must be careful not to screw up impulsively. While we shouldn't be psychologically traumatized, we neither shouldn't wildly believe that the uptrend is already in full swing when it clearly hasn't given enough evidence of it yet.
Because after a stormy year for Bitcoin and the other cryptocurrencies, it is certainly difficult for all of us to maintain objectivity and perspective in the crypto market, but that is precisely what we must maintain at all times if we want to be successful traders.
What do you think about the topic discussed? Please comment.
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