Ever feel that knot in your stomach? That instinct to FOMO, that twitch in your finger as you hover over the “buy” button when you see a coin going to the moon? Yeah, that's FOMO – Fear Of Missing Out – and in crypto, it's a disease. A disease that’ll siphon your money away quicker than you can shout “rug pull.”

The crypto market is the wild wild west. It's the digital equivalent of the California Gold Rush, only instead of pickaxes and shovels, we're wielding charts and candlesticks. Similar to that era, the majority will be left financially ruined. Casting the net of opportunity wide, they will be shoveling digital dirt for the few who really do hit the jackpot.

The issue? When it comes to investing, emotions—greed and fear in particular—are lousy guides. Imagine Bitcoin rising from $58,000 to $60,000 in a single day (April 23, 2025, in this future imagined scenario). And all of a sudden everybody’s a frickin’ genius, calling $100k by next Tuesday. Now you begin to think “Hmm, I might need to get in on that action! That's the trap being laid.

FOMO is the enemy. That’s the dangerous siren song that’s luring your ship onto the rocks. And the rocks here are bagholders, projects zeroing out, and 3am wake up calls from your VC.

So how do we fight it? With cold, hard technical analysis. With configurations that are going to show you where to get what to purchase and when, far more information driven, not emotionally charged. Ignore the hype and embrace the charts.

RSI Says Overbought? Stay Away!

When in doubt, use the RSI. Put another way, consider it a price momentum speedometer. When it’s below 30, the asset is likely oversold. Translation: it's probably due for a correction. You don’t want to be the last kid in the shark-infested water! If Bitcoin’s RSI is telling you it’s “overbought”, sell that shit. On 4/23/2025, the RSI sat at 52, indicating that it was not overbought. Let the price cool down.

Here’s where the surprising connection lies. Consider RSI as the speedometer on your car. Just like how you wouldn’t floor it when the RPM gauge is already maxed out, right? Same principle applies here.

OBV Confirms, Or Denies, The Move

On Balance Volume (OBV)—is an indicator that tracks buying and selling pressure. For instance, if price is increasing while OBV is not, that’s a bearish divergence. That’s a bad omen because it means the rally is weak and unsustainable. It's like seeing a mirage in the desert – looks real, but there's no water. If OBV is confirming the new price spike — pay close attention. On April 23, 2025, Bitcoin’s OBV jumped up 10%, to 1.5 million BTC.

MACD Crossover Signals Trend Change

The Moving Average Convergence Divergence or MACD is an indicator used for trend-following momentum. A bullish crossover (the MACD line crossing above the signal line) indicates a potential trend reversal. Ethereum’s MACD flashed a bullish crossover on or about April 23–24, 2025. You have to be cautious, though: wait for confirmation on higher timeframes.

Volume Spikes: Is it Real Interest?

A sudden spike in volume is a good sign of interested implication for that coin. Be wary. In other words, is it organic, or is this orchestrated by whales manipulating the market. Look for sustained volume growth. As a current example, the AI token volume surge is a perfect case. Trading volumes for SingularityNET and Fetch.AI were up 20% and 15% respectively on April 23, 2025. It might be a golden opportunity, or it might be a pump and dump. Dig deeper.

Quick tip: Compare the volume spike to previous volume levels. Is this typical variation, or is it a huge statistical anomaly?

Fibonacci Levels: Where's Support?

Fibonacci retracement levels are an advanced tool you would use to help identify potential support and resistance areas. Use them to place buy orders at/around support levels, don’t use them to chase pumps. Don’t invest just because a coin’s value is increasing. Rather, consider buying when you find the opportunity at a price point you expect to attract broad support.

Trendlines: Are You Breaking Out?

Draw trendlines to identify the overall trend. Has the price been making higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend)? Don't fight the trend. Trade with the trend. Take trades in the direction of the overall winner. Breakouts above important trendlines often signal potential buying opportunities, provided the break is confirmed by other indicators.

Candlestick Patterns: Spot The Clues

Get comfortable identifying simple candlestick patterns such as dojis, engulfing patterns, and hammers. These formations can be an indication of where a price may reverse direction. They are not guarantees, but they can help provide a competitive advantage.

These setups are tools, not crystal balls. They aren't guaranteed to work every time. Use them individually, or together in combination, but never forget to risk control at all times! Don’t invest any money you can’t afford to lose.

The rise of AI tokens like SingularityNET and Fetch.AI is a perfect example of how news and hype can drive FOMO. The combined market value of these tokens surged 5% on April 23, 2025, after an AI-related announcement sent Ethereum-based SingularityNET’s token soaring. The CNN Business Fear and Greed Index came all the way up to 65, into Greed territory, indicating optimism. Don't let the headlines blind you.

Crypto is a high-risk, high-reward game. Or, in other words, don’t let FOMO make you a bagholder. Educate yourself, create a robust trading plan, and follow through on your plan. Leverage these technical setups to cut through the noise and determine what’s most likely to help you advance your goals.

Stop gambling and start trading. Learn these setups. Practice them on paper. Backtest them on historical data. Take control of your financial future. And last but certainly not least, don’t get pump chasing fever.

  • Is the underlying technology sound?
  • Does the project have a real-world use case?
  • Is the team reputable?

If you can't answer these questions, stay away.

The Bottom Line

Crypto is a high-risk, high-reward game. Don't let FOMO turn you into a bagholder. Arm yourself with knowledge, develop a trading strategy, and stick to it. Use these technical setups to filter out the noise and make informed decisions.

Your Call to Action

Stop gambling and start trading. Learn these setups. Practice them on paper. Backtest them on historical data. Take control of your financial future. And most importantly, resist the urge to chase pumps.

Don't get wrecked.