Bitcoin technical analysis. There's now clear bullish divergence at the weekly and daily time frames, some evidence of exhaustion. https://t.co/3JeTwgXss6
If it's 5 - 9 - 13+ waves, it's motive. If it's 3 - 7 - 11+ waves, it's corrective. It sounds simple, but it is the foundation of every wave count that we do.
Interest Rate Decisions or CPI might cause the spike, but the Wave Principle determines the direction of the spike. News is the catalyst, but structure is the path.
@purehopium Hi Hopium, That's because we are nowhere near our target yet. We expect a strong third wave to move higher, if you have intermediate wave (3) complete primary wave 3 will not have enough room to move higher. - Jordan @ PEW
Fear creates the very conditions you are trying to avoid. In general - It leads to hesitation and poor decision making. Fear closes off the mind - it does not allow you to perceive all possibilities. -Advanced PEW Course
@Scotty_D_J That's probably a tough mental game to tackle if you keep the entry criteria vague, instead have a strict set of variables that has to be met to enter and follow every signal like a robot! That's the best way to avoid fear. -Jordan @ PEW
Win rate is half of the trading equation, next factor in your risk/reward ratio. If you can generate consistency with rigid variables you can make millions. - Advanced PEW