It's time to post the big-picture look at why this is the bottom & you should be buying bitcoin.
It's the same bottom breakdown I analyzed back in Dec '22 & you can see how that played out (see my pinned)
Don't screw this cycle up. Buy & walk away for 2 years. Come back happy.
@BullChain Even more to that point, most of “us” don’t care about it either. We care about $. Until BTC stops being referred to by its $ value in cash 98% of the time, it’s just a commodity for us to use to gain wealth. (I’m fully guilty of this with no shame about it)
Forcing a Trade:
❌ Chase price because of FOMO
❌ Use hope as a strategy
❌ Enter before your rules trigger
Accepting a Trade:
✅ Letting the setup come to you
✅ Execute a predetermined plan
✅ Treat losses as a cost of business
Discipline rewards you
Emotion punishes you
@TodaysNewsco For anyone that's scratching their head - it's not your fault. This is not the video to that story. This (pic below) was the actual building.
The guy in the video posted, indeed died (as makes sense.) "Today's News" is just click-bating.
Just as I forsaw. The play takes advantage of a move down, that then rolls around sideways for a bit. Time decay works in my favor. This time next week, it'll (likely) be well into $1k+ profit
The Longs provide insurance against an adverse move as the Shorts sit further in profit
$IBIT 10 contracts @ 10/16 DTE
Thesis: Rej@ 49.5 down into 46–47, while holding firmly above 42
At expiry:
@ 49+, I get paid $50 for being wrong
@ 47, I collect $2.05k
Plan to take profit (approx $1,000+) if it hits 47 early
Educational purposes only - Do not blindly copy trade
@JohnGoldman Congrats John. That's a huge accomplishment! You've come so far over the past few years. It's been a pleasure watching your progress. Keep it up, brother.
@CryptoParadyme I “live in Cincinnati” but don’t live in the city proper. Still live in Cincinnati.
Seattle is set in a gorgeous surrounding with some of the most fit people in America. Great job market and amazing food. It deserves that spot.