@HovWaves thanks as always hov! why not something like this? either working on the 4th of c as a tri or on an ending diag for the 5th. assumes that w3 of c ends after that massive liq wick not on it.
The difference between “trading” and “investing”.
Trading:
- price agnostic. A 3R trade is a 3R trade whether the asset in question is up 10%, 100% or 1000% off the lows. Your entry only matters in context of the trade setup- you literally cannot be “sidelined” when it comes to a trade.
Investing:
- price sensitive. Extremely important whether the asset in question is up 10%, 100%, or 1000% off the lows. Your ROI and potential upside is significantly affected by how close to the “bottom” your entry is. You can be “sidelined” because as price moves up without you your risk/reward increases and potential ROI decreases.
Ideal way to approach this?
Keep two separate ports- one for investing and one for trading.
In the former (investing port), DCA in bear markets on quality projects that you have high conviction in. During bull runs let the market do the work for you and sell as close to the end of the cycle as possible. You can’t be “sidelined” with this approach.
In the latter (trading), do what traders to- trade solid setups on anything and everything that moves. If you do well you can make a lot more than just HODL-ing and if you don’t do well your investing portfolio will ensure you still come out on top in a bull market as a rising tide (generally) lifts all boats.
It’s a win-win if you just have a little self control and keep the ports separate.
$XRP update: primary expectation still on track (blue), expect one more little kick up into that gz and red poc. I've added the green line for the possibility of a triangle but that's still lower probability atm imo
#XRP#XRPArmy#XRPL
current thoughts on $xrp correction:
1. leaning towards the blue option for now before the correction is resolved
2. if bottom is in then instead of pulling back down where the b wave might end, we can expect it to blast trough to range highs, and continue upwards
#XRP#XRPArmy
current thoughts on $xrp correction:
1. leaning towards the blue option for now before the correction is resolved
2. if bottom is in then instead of pulling back down where the b wave might end, we can expect it to blast trough to range highs, and continue upwards
#XRP#XRPArmy