@TXMCtrades because people solve problems that they want to solve instead of solving something actually difficult. The barrier to entry becomes higher the more difficult the problem that's being solved.
@IlyaSpivak That August dump had warning signs. Now seeing even stronger setup on monthly - momentum divergence showing exhaustion (BE ACTIVE) and volatility divergence turned bearish (VD-). Both indicators agreeing = higher conviction signal.
@Alerts_Bullish Channel looks solid but I'm seeing exhaustion signals on monthly timeframe. Not saying it can't hit $200, but might be worth taking some profits here or hedging. Risk management > being right
@ZivShaked101@ericjackson You're absolutely right about OPEN, caught that bottom perfectly with a bullish volatility signal at $2. But check NVDA, now showing exhaustion signals at the top now. Rotation might be coming ๐
@Trader_XO The system only works if its first of all based on price action / price behavior. All the other factors are just there to help improve the system. Most people have it all backwards, using indicators as the basis of their whole system.
@Trader_XO@trader1sz@DonCryptoDraper People don't have faith in their own skills and ability to make money, so they get attached to a distorted, get rich quick idea of bitcoin.
@Trader_XO@TXMCtrades Trading becomes so much easier when you have the correct overview of the macro economic factors that are driving the price. Thank you!