'Everybody' want's BTC to go north only. Well, you know what I mean. People want to know why Bitcoin is flaking out. Some will say ' Anytime soon to $75,000! " There are several indicators on this chart. No predictions here. I don't do predictions. Only probabilities. The chart shows some conflicting information. BTC is now coming into a zone of congestion and...
The problem with wanting to buy the Bitcoin dip lies in knowing where the dip actually is. And in the case of Bitcoin, using conventional logic to determine the latter simply will not do. That is so because the crypto-king continues to epitomize the so-called "animal spirits". Bitcoin's rally was, and continues to be, driven primarily by greed. Traders can be...
Fear and greed are 2 of the most common emotions that traders experience. Manage your fear because acting out of anger or fear will destroy your chance of success. Control your greed because the market will always be there and offer more opportunities in the days and weeks ahead. Eliminate these 2 emotions while trading. Frequently Asked Questions Why are...
The trouble with double tops is that, you don't know where exactly price will go. Have a look. All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously). Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read...
Reddit is pumping BTT (likely BTT whales using bots) but nonetheless this is identical to the last legs of the 2017 bullrun. Tesla buying 1.5bn doesnt mean "Tesla Market bought 1.5bn worth of bitcoin at 47K" which every emotional trader cognitively assumes without actually considering what that headline means. For all we know Tesla could be investing in...
Trying to mimic fear and greed indicators, comparing with SPX I add some red crosses where the indicators dipped under 40, flagging a real dip in the broader market
Hello Traders 🙋♂️ I wanted to go over a valuable lesson in market psychology that I have learned repeatedly in my own experience. This is not an 'end all be all' strategy , advice, or lesson but perhaps an idea that you can take and make it what you want in your trading analysis. Its really easy to theorize about markets and what they should do, wether its a...
BTC has taken a ride since 2015, I watched from the sidelines as more and more people became overcome with the excitement of this new currency. The “gap” up’s when it took hold and blasted off to north of 20,000 then 30k then 40k, were unprecedented. I’ve been involved with investments since 1997 and I have seen nothing like this and won’t ever again. I do think...
Stop Being Greedy! Buy the rumor and sell the news!
There are no EMOTIONAL PROBLEM in reality. The problem, you are facing is you do not have any back-tested STRATEGY/SKIL L of identifying what if I do will I get the trades. Another words, you are trying to search a fallen needle in entire city in a limited time. You don’t know what to trade? Which stock(trade) to go for shorting? Should I have to select...
Deutsche Version Unterhalb. English version: This indicator is supposed to be another tool to recognize when a panic movement has begun and also ended. Of course, there are other indicators that work very well, but this can also help to identify the timeframe. Description of for using the indicator with the example of the panic sell-off in March: Before the...
It is just an addition to my previous BTCUSD idea which was more based on RSI indicator. Here we have not 1, not 2 but 4 different resistances: the first and the most obvious one comes from the previous ATH, the second and the third one comes from the upper levels of the upward channels 1 & 2. The forth resistance presents itself in the RSI - currently we are...
***************** Part 1: An expensive but valuable lesson for Bitcoin bulls ***************** I have not heard much from Bitcoin "investors" in the past 12 months. This is what I kept repeating back then (2018-2019): " The bear market is not over/2019 is a fake bull market (hundreds of them laughed at me) They will refuse to sell until Bitcoin goes into panic...
Hey! This is price action analysis for BTC.D (bitcoin dominance over altcoins). During next couple of month there is an opportunity for short-term alt season, but we need to see all options. So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of...
To anyone reading... I have sold all my BTC yesterday/today. While it is an exciting time, we must not forget what the world is currently dealing with. “Growth for the sake of growth is the ideology of the cancer cell.” Remember, when the rug pull happens, all will scramble to sell, and this process can take some time. We were right, and BTC has produced...
Pure greed has driven TESLA to ridiculous heights. Robinhoods are in this market. Most of them from China. Parabolic expansions tend to fall - sometimes very quickly. Stay tuned. Stay safe. Wash your hands and face! 😂 Eat veg! LOL. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied....
Due to the high volume of superspreader events, this is a long trade. Forecast another outbreak, exponentially worse than our last outbreak, as well as another lockdown. As 3TUSD was approved by the senate for stimulus relief, it's a safe bet that those in power are preparing for what I dub to be, "The Greater Depression" As always, I am no financial advisor...
Hi traders, Thursday was a pretty decent up day, ruined only by a bit of greed from my side in the AMD Short trade. But even after missing the best exit of the day, I squeezed a little extra from my typical RRR setting. The Trades: 1) NEO - LONG @28.35 - Unusual situation that I decided to go LONG into on the breakout pattern above 28.32. Sadly after the market...