@PeterSchiff Many words we use in modern English started with stuff that is now obsolete.
e.g. dial a number
Ironically most people who grew up using rotary phones, do not understand gold is obsolete.
Sound money is a digital constructed.
@LisaNEdwards @CryptoPlotz Looks like I've been living acc to those rules for a long time except for this comment :) Your content on EW, scalping rocks! 🍀👑🍀
Here are the parallels I'm watching on the total mcap chart.
Think of these as tiers. The upper is bullish, the middle is neutral/bullish, and the lower is short-term bearish.
Hope this helps.
Most of CT is looking for a strong bullish move from $BTC per the inverse H&S.
But in case we get the opposite...
What's interesting about this symmetrical triangle is that the measured objective lines up PERFECTLY with $20,000.
Awaiting confirmation one way or the other.
@nebraskangooner that's a good point on how important it is to get rid of emotions. TA shows a pretty much certain price fall but most people still got rekt.
Trading vs investing quick thread:
If you're a trader --> take profits at predetermined time/price intervals
If you're an investor --> HODL. Shave profit when price goes up, move that out of the asset and reload more with sidelined cash when price goes down.
I don't chart much on weekends but here's my mobile #Bitcoin
Weekly looks awful📉
Price rising on declining volume into resistance 😬
Good LTF long confirmation earlier. No mid TF long confirmation yet
Due for relief bounce, can't say for certain we don't dip more first
✌️
Honestly the #Ctyoto market is probably just going to chop the hell out of every single one of us for the next couple of months so if you're really trying not to lose money then just sit the hell out and set spot bids at major high time frame supports and chill.