I went long from 8,600: Premium/Top accounts are run by CLOWNS.
The top posts on Tradingview are mostly written by clowns.
Why? They're mostly using elliot waves on a market that has historically been proven to defy elliot wave logic.
The proper use of an Elliot wave is like a conclusion to an essay, not your thesis statement. Instead of using this complex trading tool, just use a trend line and wait for breakouts/rejections to confirm your positions. I chose to enter the market at 8,600 post dip because their is too much volume and the trendline was broken upwards... TWICE.
Have you ever noticed that the top posts rarely post their investment strategy and almost always opt to go neutral? This is infuriating because their TA is never neutral. They always indicate which way they are leaning and should commit to it even if they are wrong. The sheep following them are being lead to the slaughter while they shrug and say "I didn't tell you what to do".
Follow trend lines when charting bitcoin, the BTCUSD market does not care how "pretty" your bearish gartley and curvy lines are. Halving has just occurred and we are at a wonderful price that nobody would've expected.
Furthermore, my cousin moronically messaged me "bitcoin is going to 2k" the other day. If this were the case bitcoin would be dead, which is one of the dumbest things people continuously spout. I paid for a domain name with bitpay yesterday, it took less than 2 minutes. Explain to me again how bitcoin is useless or dead.
If you decide to go long from here, be careful of bull traps. Right now the market may correct a few hundred dollars and entry can get better. More than likely though, we are about to swing above 10k again, correct, then fly towards 12k. Take profit in the 11-12k region to play it safe. Otherwise just Hodl to your butts.
Cheers everybody.
Why? They're mostly using elliot waves on a market that has historically been proven to defy elliot wave logic.
The proper use of an Elliot wave is like a conclusion to an essay, not your thesis statement. Instead of using this complex trading tool, just use a trend line and wait for breakouts/rejections to confirm your positions. I chose to enter the market at 8,600 post dip because their is too much volume and the trendline was broken upwards... TWICE.
Have you ever noticed that the top posts rarely post their investment strategy and almost always opt to go neutral? This is infuriating because their TA is never neutral. They always indicate which way they are leaning and should commit to it even if they are wrong. The sheep following them are being lead to the slaughter while they shrug and say "I didn't tell you what to do".
Follow trend lines when charting bitcoin, the BTCUSD market does not care how "pretty" your bearish gartley and curvy lines are. Halving has just occurred and we are at a wonderful price that nobody would've expected.
Furthermore, my cousin moronically messaged me "bitcoin is going to 2k" the other day. If this were the case bitcoin would be dead, which is one of the dumbest things people continuously spout. I paid for a domain name with bitpay yesterday, it took less than 2 minutes. Explain to me again how bitcoin is useless or dead.
If you decide to go long from here, be careful of bull traps. Right now the market may correct a few hundred dollars and entry can get better. More than likely though, we are about to swing above 10k again, correct, then fly towards 12k. Take profit in the 11-12k region to play it safe. Otherwise just Hodl to your butts.
Cheers everybody.
Comment:
Scared myself for a second, then I was right.