Technical analysis by MadWhale about Symbol BTC on 9/6/2025

Have you ever felt that one small trade could put your entire portfolio at risk instantly? Even professional traders sometimes fall victim to a wrong decision, and crypto is ruthless. This analysis shows how your mind and emotions can betray you in the market. Hello✌️ Spend 2 minutes ⏰ reading this educational material. 🎯 Analytical Insight on Bitcoin: BTCUSDT is trading inside a descending channel 📉 and is approaching a key daily trendline along with a strong resistance level. If it fails to break all three hurdles, the channel top, the trendline, and the resistance, I expect at least a 6% drop with a potential target near $104,200 ⚠️. Now , let's dive into the educational section, 🧠 Trader Psychology Most failures in crypto come from emotional decisions. When fear and greed take over, even experienced traders make mistakes. A moment of FOMO or greed is enough to put your entire investment in danger. We need to understand how controlling emotions is vital and how to prepare our minds before market pressure hits. 📉 Lessons from Crashes Big crashes happen due to a mix of human error and psychological pressure. Even if the chart looks bullish, greed for fast profits can push you into trades at the worst moments. A single red candle can wipe out your entire capital in minutes. Recognizing the psychological cycles of the market can help prevent these disasters. 🔍 Candlestick Analysis Candles reveal how the crowd feels. A large bearish candle can trigger fear and FOMO, causing hasty selling. Learning candle psychology helps avoid catastrophic trading mistakes. 💰 Risk Management No trade is without risk. Always start with proper stop-loss and small trade sizes. Even a tiny mistake in a high-volume trade can destroy everything. 🔄 Market Psychological Cycle The crypto market moves in a cycle of excitement, FOMO, fear, and surrender. Understanding this cycle helps you buy and sell at better times and avoid emotional traps. 📊 TradingView Tools Using TradingView tools practically is crucial to avoid catastrophic mistakes: RSI Identifies overbought or oversold conditions to prevent emotional entries. Bollinger Bands Shows price volatility ranges and guides logical decisions. Volume Helps determine if a move is genuine or just short-term hype. Support & Resistance Determines precise stop-loss levels and profit targets. Alerts Price alerts notify you before sudden changes to avoid major mistakes. Multiple Timeframes Analyzing different timeframes gives a broader market perspective. Candlestick Patterns Understanding candle patterns reveals crowd behavior and market psychology. 📝 Practical Tips Clear your mind of emotions before entering a trade, Never trade without mental clarity. Adjust trade size according to your capital, A small mistake with high volume can destroy your entire portfolio. Always check the long-term market trend, Focusing only on short-term charts leads to poor decisions. ⚠️ Final Warning No one is immune in the market. Even pros can make mistakes in a split second. Using TradingView tools and learning market psychology can significantly reduce the risk of catastrophic losses. ✨ Need a little love! We pour love into every post your support keeps us inspired! 💛 Don’t be shy, we’d love to hear from you on comments. Big thanks, Mad Whale 🐋 📜Please make sure to do your own research before investing, and review the disclaimer provided at the end of each post.