I know what marked the market TOP last 2 times
How high will #bitcoin go, nobody freaking knows. But there is one thing that marked the top the last two times. ALTSEASON and we are still not in one yet.
The exact top explained on the thread
@TXMCtrades The irrational fear was waaay worst in Q4 2022, I completely agree. But people still cared about the market and their portfolios. I feel now in some ways its worst because many people just fully left without giving a damm, fully abandoning the space. I feel the apahty is worst
Artificial intelligence is pretty good. But it is not the second coming of god like "they" thought.
Michael Burry will be right for a second time.
It may take another year, but this will end like the dot com bubble
#bitcoin $btc
Look at the historic RSI on the weekly. Like it or not it has been the best buy zone. If btc finds a bottom around 67k 63k the longs will be high probability
@JesseOlson Great trade if you took, you don’t have to remind me for the rest of existence tho hahaha. They will be many other shorts to come ;), or longs
@JesseOlson That was a misunderstanding. I just chose to be out of the short. In my backtesting when the “sweep” is shallow it is less profitable over time. Was it a great trade in retrospective? Sure ! But my system never tells me to long range highs, you just assumed that
Never forget everyone is just taking their best guess when it comes to predicting the next move. The #1 most important thing is your risk management. Every single person out there has no clue if the top is in or not so control the only thing you can and manage risk so that win or loss you can try again on the next setup. My edge-based system says I am better off longing, but someone else's equally valid edge-based system says to short. Neither is wrong, both are just trading a system that makes money over a series of many trades and taking losses is just part of that process.
@inmortalcrypto cuando compre las altcoins fue con stop loss a zero. Las compre con un plan y las vendere con mi plan. Si no llega el momento se van a zero y ya.