GANN resistances are strong as f*ck. 10k Psyche barrier there too and previous failed breakthroughs?
nice.
Don't setup trades with a Reward/Risk ratio of less than 2. Have patience. Everything play out slowly.
The markets are cyclical. 50% of the time price movement is completely random and unexplainable. 50% of the time there are clear patterns which fit one or more rulesets. Trade like a casino. Not a casino goer, but the casino themselves. House always wins. So can you. With discipline, emotion and impulse control, patience, acceptance, non-addictive personality type, constant objective research, constant objective analysis.
What it comes down to it mathematics. Probability and Statistics. There is no software out there (with the exception of the HFT supercomputer bots in London) which act as a BlackBox system.
Less is more. You should be looking to trade LESS trades as there simply aren't a huge abundance of spectacular RR position entry opportunities.
And also, this isn't pokemon; you won't catch all opportunities. Don't chase trades. Don't even listen or interpret FOMO, FUD or any type of telegram gossip. Make your trades based off that?.. and your probability of coming out of the trade with profit, (or: profit /time) will be severly decreased.
If you see Google Trends or CNBC hyping up Bitcoin on some random day of the year: LITERALLY out of nowhere, you should become slightly more conscious of a bearish scenario of expedient "DUMP". My self coined "CNBC Inversion Method" has a 100% success rate, where it came in most useful on 17/12/2017, where Bitcoin was at it's $19,554 all-time-high. CNBC interviewed 15 year old Erik Finman, who shilled Bitcoin to millions of viewers. Other experienced "Financiers" randomly pulled a stastic (most likely out of their asses), that Bitcoin "Will" reach $300-400K soon.
So with the gargantuanly augmented prevelance of the terms and notions of "Buy bitcoin - get rich". Why was the price down at $10,000 a few days later? A 50% decrease. Answer: Because the suckers bought the news and the Big money sold their tens of billions onto them!
DYOR only.
nice.
Don't setup trades with a Reward/Risk ratio of less than 2. Have patience. Everything play out slowly.
The markets are cyclical. 50% of the time price movement is completely random and unexplainable. 50% of the time there are clear patterns which fit one or more rulesets. Trade like a casino. Not a casino goer, but the casino themselves. House always wins. So can you. With discipline, emotion and impulse control, patience, acceptance, non-addictive personality type, constant objective research, constant objective analysis.
What it comes down to it mathematics. Probability and Statistics. There is no software out there (with the exception of the HFT supercomputer bots in London) which act as a BlackBox system.
Less is more. You should be looking to trade LESS trades as there simply aren't a huge abundance of spectacular RR position entry opportunities.
And also, this isn't pokemon; you won't catch all opportunities. Don't chase trades. Don't even listen or interpret FOMO, FUD or any type of telegram gossip. Make your trades based off that?.. and your probability of coming out of the trade with profit, (or: profit /time) will be severly decreased.
If you see Google Trends or CNBC hyping up Bitcoin on some random day of the year: LITERALLY out of nowhere, you should become slightly more conscious of a bearish scenario of expedient "DUMP". My self coined "CNBC Inversion Method" has a 100% success rate, where it came in most useful on 17/12/2017, where Bitcoin was at it's $19,554 all-time-high. CNBC interviewed 15 year old Erik Finman, who shilled Bitcoin to millions of viewers. Other experienced "Financiers" randomly pulled a stastic (most likely out of their asses), that Bitcoin "Will" reach $300-400K soon.
So with the gargantuanly augmented prevelance of the terms and notions of "Buy bitcoin - get rich". Why was the price down at $10,000 a few days later? A 50% decrease. Answer: Because the suckers bought the news and the Big money sold their tens of billions onto them!
DYOR only.