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What is your edge in the market? Do you have one?
The outcome of a single trade is random, but the outcome of a series of trades over time can have a provable & positive expectancy
You will be amazed at how care free trading can be once you find your edge and exploit it ๐
@bulltrapped Valuable advice. Having an edge in the market is like discovering your personality. No one is exactly the same, and as a trader you must find what best suits you and your personality as a trader.
@bitcoinnews It is reasonable to attribute the market's downside movement to SEC announcements. Although, structural weakness was made more and more apparent with every level broken from our recent $8.5k high. Although we are moving rather quickly, our downside movements are not unordinary.
@PeterLBrandt There is truth in your statement. In our experience, indicators work best when learning the "behavior" it takes in a specific market, and specific time frames. They are not uniform across all situations.
@CryptoShillNye A bold position indeed. Although they could be onto something if their prediction is based on the regulatory approvals we're anxiously waiting for. We will know soon enough.
@BigChonis Heavy support below us, and much resistance above us. A breakdown from the $6,800 level will take us down to our previous lows. If the support holds, the path above us shows many resistance levels to reach $8.5k. The volume will speak volumes! Good luck everyone!
@parabolictrav Exactly. And according to them, adding BTC to equities is a safer allocation than what most might think. So this could very well be THE development BTC needed.
@bulltrapped What weโve identified is a H&S (head at $8.5k) that weโve dropped from (neckline at $7.3k). Letโs see if this support will drive BTC up.
@businessinsider Goldman Sachs seems to be intentionally falling behind the curve. In light of recent ICE news, this sounds counterintuitive. We wonder what other Banking giants will do in the coming months.
@ChartGuys Exciting events in the crypto-sphere! People might be impatient with price action today, but this development might be the catalyst/game changer for the future.
@NYSE@Microsoft@Starbucks@bakktapp Very smart of Intercontinental Exchange to think this far ahead so soon. We hope this could be the catalyst for mass adoption and healthy market growth.
Check out our latest analysis on #BTC. We've identified some patterns that could play out in the near future. Trade safely everyone!
https://t.co/wuwKjDSXCn
https://t.co/X3ELEbq0ZJ
Significant news for #BTC and #cryptocurrency in general. ICE plans on launching a regulated BTC exchange as soon as November. If all goes according to their plans, we could see a significant change in market dynamics sooner than anticipated.
Consulting analysts and being informed on important news should be a priority for all #cryptocurrency traders/investors.
Check out our posts on tradingview, and search the site for other well-informed and experienced analysts and traders.
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Leveraged positions could be tempting to everyone (especially new traders), but keep in mind that #BTC volatility could be deadly to those positions. We ask traders to be well advised and informed of their positions before entering.
@bulltrapped Unfortunately, many learn this the hard way. We hope more experienced traders (such as yourself), continue to show new market participants the path to safe and profitable trading strategies, no matter the direction the market is taking.
@CNBCFastMoney BTC is tumbling as we speak. If the selling volume persists, we could be looking at sub-$7,000 levels soon. BCH, as well as others, will ultimately bleed further from the drop as well. Watch out!