Not a Financial Advisor. This account is for informational purposes only. Crypto Enthusiast since Jan. 2021. Day Trader since April 2021. Never Stop Learning!
Just a reminder, the 6-month candle closes in a few days.
In both 2018 and 2022, $BTC printed two consecutive red 6 month candles before the bull market began.
It'll be interesting to see whether this cycle follows a similar pattern.
In my experience, pain is the only thing that really teaches people lessons that they remember.
Whether that be pain of time lost, (in jail), or monetary pain (heavy fines), it doesn’t really seem to be working with this particular demographic.
At this point, I think physical pain needs to considered as an option.
10 lashes. Or something along those lines.
If they were afraid of the physical pain that comes with bad decisions, maybe they’d finally behave and act like civilized people.
@elonmusk The movie itself isn’t very good.
But the point it makes is EXCELLENT!
And everyone who watched this film, makes that point LOUDER with every view.
Thank you Uwe.
And Thank you Elon.
$BTC
Once we close below the Trackline its a stage 4 no fly zone for us at Trading Alpha.
Notated the chart for you.
If you want me to keep you updated with this like and repost.
Study what happens to $BTC after every retracement.
We hold above the first major swing low multiple times before finally breaking it in a downtrend.
The reason is simple. You can literally watch sentiment flip in real time after every retrace.
And before almost every single leg lower, the price always pushes higher.