Not all experience traders as they claim can identify consolidation in the price chart, which to me it's a killer of our account.
The market can not kill you and your account. You only lose your money if you gamble with your money in this volatile market. Gambling with trading (spot trading), higher gambling level with Margin trading and Futures trading.Quote
Try not to be in the market when the market is consolidating, because there is a higher possibilities of you losing that trade.
The consolidation phase of market is most boring but if you hold your bitcoin, don't trade, don't use leverage, and let the market does its own job, you are free of market traps and it's one of biggest tricks to succeed in this market.Quote
It's one structure we traders look down on not knowing the danger it pose to our account, during consolidation in a higher timeframe like 4hr is the most dangerous because it can go either way.
4-hour time frame and bigger time frames are more like suitable for investors. You will have less chance to enter the market and exit it by trading with bigger time frame. When you are trading with a wider time frame, it will force you to trade in Spot because you can not control your account in long term by trading.A wider time frame you use, a more likely you are becoming a long term investor and no longer are a trader.
