Bigger picture of where BTC is going (Part 2)
Just wanted to add to my last view: as many of you know me already, only when we pass 10,500$ with confirmations from OBV and other indicators, only then I will turn to be mainly focused on full parabolic bull run on my trades.
Meanwhile I keep accumulating BTCs on my long term portfolio investment (I guess I will stop around 14k), and I keep on focusing on shorting the market at important resistances, only after we break the first most important resistance at 10500 with a bullish trend to break the big-term bearish move, only then I will start to longing the market at important support levels (And not only bottoms like on the last Corona crush)...
I love how the market works out so nicely with my expectations on most times. remember guys, always have a plan, always play by your own rules, and always learn what you can improve, avoid FOMO, avoid emotions, avoid chasing.
Also don't forget, I'm a speculator trader, a probabilities trader, my way doesn't fit everyone out there... as I usually recommend you should always focus on finding the mid-term trend and stick to it, this will give you most wins and the best steady profits out there with less risks, try to avoid leveraging, always use SLs, and you should be fine.
PS: If you wonder what are these numbers, these are the monthly candles which I calculate for each run (personal calculations), you will also see them on my previous update.
Meanwhile I keep accumulating BTCs on my long term portfolio investment (I guess I will stop around 14k), and I keep on focusing on shorting the market at important resistances, only after we break the first most important resistance at 10500 with a bullish trend to break the big-term bearish move, only then I will start to longing the market at important support levels (And not only bottoms like on the last Corona crush)...
I love how the market works out so nicely with my expectations on most times. remember guys, always have a plan, always play by your own rules, and always learn what you can improve, avoid FOMO, avoid emotions, avoid chasing.
Also don't forget, I'm a speculator trader, a probabilities trader, my way doesn't fit everyone out there... as I usually recommend you should always focus on finding the mid-term trend and stick to it, this will give you most wins and the best steady profits out there with less risks, try to avoid leveraging, always use SLs, and you should be fine.
PS: If you wonder what are these numbers, these are the monthly candles which I calculate for each run (personal calculations), you will also see them on my previous update.
Comment:
Yeah, but do remember, that its all about probabilities on the macro scale, not many understand it that TA changes to a bigger perspective when the smaller one breaks.... it is possible to revisit 6400, 4260, 1300 and even 700 before the next parabolic run...
Imagine doing a correction to the last main trend line which started this 20k parabolic run :sweat_smile:
I love macro analyses plans, this gives you perspective on how much time your speculations/probabilities still have
I know way too many investors who talk like: "If we go below 2k, then BTC is dead, because it breaks all TA not into bearish, but it breaks the entire market to 0" :wink:
I guess I will be buying from them all the way down to 0 ahahahah
Fear in mrkets can be something :stuck_out_tongue:
Panic sells are fun..
As someone I appreciate answered to me:
"The TA changes when you assume this correction has been a new, larger wave 2 cycle rather than part of the previous larger wave 1 cycle."
But the average Joe (Retail) can't see macro perspective (Nor have patiance for that).... CME (And others) can easily achieve to push such move, this will definitly kill all retail, and will be more easy to push a new parabolic run..
Especially if you see big BTC whales start to fear as well..
And because most retail expects a massive parabolic run to happen any moment, a move like that will most likely kill 99% of them xd...
Imagine doing a correction to the last main trend line which started this 20k parabolic run :sweat_smile:
I love macro analyses plans, this gives you perspective on how much time your speculations/probabilities still have
I know way too many investors who talk like: "If we go below 2k, then BTC is dead, because it breaks all TA not into bearish, but it breaks the entire market to 0" :wink:
I guess I will be buying from them all the way down to 0 ahahahah
Fear in mrkets can be something :stuck_out_tongue:
Panic sells are fun..
As someone I appreciate answered to me:
"The TA changes when you assume this correction has been a new, larger wave 2 cycle rather than part of the previous larger wave 1 cycle."
But the average Joe (Retail) can't see macro perspective (Nor have patiance for that).... CME (And others) can easily achieve to push such move, this will definitly kill all retail, and will be more easy to push a new parabolic run..
Especially if you see big BTC whales start to fear as well..
And because most retail expects a massive parabolic run to happen any moment, a move like that will most likely kill 99% of them xd...
Just press the play button :)