The inverted H&S pattern followed through as forecast and BTC continues to move toward the expected higher targets. Little change since yesterday's update and the price targets remain in red as shown on the chart. BTC continues upward as we move to later in the spring making some surprising gains and new highs I believe. Look for alts to follow BTC higher near term. I will update tomorrow or sooner if I should spot any reason to alter the current forecast for my trades. How are you trading? Share your ideas so we can all make the most of our trading profits.
I am pretty happy with my trading results. My trading plan called the coming price correction in advance on Dec. 23rd. That saved my account from large trading losses moving me into tether during the decline. Sadly, it crushed many investors. Subsequently, during the price decline I called the larger bounces of significance and was able to trade in and out on the lows and highs to significantly increase my bitcoin again by buying low and selling higher. Recently, I called the 6000 bottom in plenty of time also and deployed my entire account into Bitcoin soon after we bottomed also grabbing some Ethereum and other alts I like. Thankfully, my efforts at charting for the years and years it took me to become proficient now reward all the effort. Early into my education my efforts were usually not as fulfilling, I met with frustrations and losses often. Its been fun trading for me since December, but I hated to see so many blow up their accounts. That is why I began publishing my trading plans. I hoped I could somehow say to them "its really a dangerous market point be careful". Knowing bitcoin would recover, Elliot wave and technical analysis both clearly showed that to happen. Hodlers were in serious trouble, unless they held all the way through this decline until we reach again the prior high. The sad thing is if they had sold when the price correction was foreseeable and bought at the three bottom price range they could have increased their bitcoin two fold. What a shame. Hopefully most held onto their bitcoins and did not sale at the lower levels.
Hodling also has another downside - what if bitcoin, as multiple famous financial media guests suggested would never recover, but was in its dying days? LOL is all one can say about those buffoons but they will be invited back on by the network again rest assured with more of their "fake" forecasts so please learn to ignore these sources if you do not already in all your trading whether bitcoin or the SnP 500. Someday, the end of Bitcoin will be the case and hodling will definitely then be a really bad idea, although probably not for a very long time even if in our lifetimes. But my question is why hodl? The point of owning bitcoin is to make money correct? Instead of hodling, does it not make much more sense to sell the highs area and buy back in the low areas, thereby increasing your bitcoins or whatever your trading? Probably not, f your not experienced enough at trading I hodling is the best option in the current stage of bitcoin development. After all, there are very few top gurus who called the top or bottom close enough to make more than a couple percent gain by trading in and out. Most of them would have given you time for nothing much more than an opportunity to miss the entries and have account losses anyhow. But they will still be sharing their trading plans I expect until they blow their own accounts up, if they have not already and just like to give advice since that is all they have left as a reason to keep plotting their pretty worthless charts. I learned long ago also to not pay much attention to most of them unless their published past charts proved they were right far more than wrong. So check the history of those you follow to mesh into your own trading plan. Luckily, I do not need other viewpoints after 35 years.
I am pretty happy with my trading results. My trading plan called the coming price correction in advance on Dec. 23rd. That saved my account from large trading losses moving me into tether during the decline. Sadly, it crushed many investors. Subsequently, during the price decline I called the larger bounces of significance and was able to trade in and out on the lows and highs to significantly increase my bitcoin again by buying low and selling higher. Recently, I called the 6000 bottom in plenty of time also and deployed my entire account into Bitcoin soon after we bottomed also grabbing some Ethereum and other alts I like. Thankfully, my efforts at charting for the years and years it took me to become proficient now reward all the effort. Early into my education my efforts were usually not as fulfilling, I met with frustrations and losses often. Its been fun trading for me since December, but I hated to see so many blow up their accounts. That is why I began publishing my trading plans. I hoped I could somehow say to them "its really a dangerous market point be careful". Knowing bitcoin would recover, Elliot wave and technical analysis both clearly showed that to happen. Hodlers were in serious trouble, unless they held all the way through this decline until we reach again the prior high. The sad thing is if they had sold when the price correction was foreseeable and bought at the three bottom price range they could have increased their bitcoin two fold. What a shame. Hopefully most held onto their bitcoins and did not sale at the lower levels.
Hodling also has another downside - what if bitcoin, as multiple famous financial media guests suggested would never recover, but was in its dying days? LOL is all one can say about those buffoons but they will be invited back on by the network again rest assured with more of their "fake" forecasts so please learn to ignore these sources if you do not already in all your trading whether bitcoin or the SnP 500. Someday, the end of Bitcoin will be the case and hodling will definitely then be a really bad idea, although probably not for a very long time even if in our lifetimes. But my question is why hodl? The point of owning bitcoin is to make money correct? Instead of hodling, does it not make much more sense to sell the highs area and buy back in the low areas, thereby increasing your bitcoins or whatever your trading? Probably not, f your not experienced enough at trading I hodling is the best option in the current stage of bitcoin development. After all, there are very few top gurus who called the top or bottom close enough to make more than a couple percent gain by trading in and out. Most of them would have given you time for nothing much more than an opportunity to miss the entries and have account losses anyhow. But they will still be sharing their trading plans I expect until they blow their own accounts up, if they have not already and just like to give advice since that is all they have left as a reason to keep plotting their pretty worthless charts. I learned long ago also to not pay much attention to most of them unless their published past charts proved they were right far more than wrong. So check the history of those you follow to mesh into your own trading plan. Luckily, I do not need other viewpoints after 35 years.