$BTC
Fairly contained price action between 76 - 78 with price having spent most of the time trading Mondays range.
76 remains a key level - confluent with May M/O
H1, H4 12/25 EMA's still exhibit price weakness.
A Daily 12/25 cross - not confirmed... but looking likely
Fair chance price trades the set of poor lows established on Monday and Wednesday
Still positioned short from 81.5s - with no reason to close out just yet - above the mid range would be a local shift in context - opening a move back towards the highs...
Have a fab and blessed weekend all.
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> $RAVE goes +10,000% in 2 weeks
> @zachxbt calls out Binance & Bitget for market manipulation
> Both CEOs agree to launch investigations
> Coin loses -85% of its value overnight
Absolute cinema
I’m not going to say his name but someone in the trading space did the most dangerous thing you can possibly do today
They posted how much they had in their bank account
Please please never do this ever, I know it’s very accomplishing when you take that massive payout, or when you hit that massive trade, or when you see that massive P&L in your bank but the more money you show you have/make the more of a target you can become
Never tell people how much you make, unless you’re half trolling or giving a ballpark, and NEVER post the number if you’re ACTUALLY doing well
This is exactly how TJR got robbed earlier this year
I know plenty of people who can find your address online (I probably could as well with my CS degree) and cook the shit out of you
Please just be careful🙏
Don’t take this post lightly
Traders complained when the market was consolidating.
Then we had a trending market this week.
Some traders still complained.
At some point you will just have to be honest with yourself and say maybe I’m not that good.
Sleepless nights built this skill.
Blown accounts built this skill.
Staring at charts for hours built this skill.
The money you see now came from years nobody wants to remember.
you’re not a trader
you’re a risk manager who happens to place trades
every time you enter a trade, the first thing you should ask yourself is:
“how much am I willing to lose on this trade if I’m wrong?”
that number is your cost of doing business
a normal business has overhead costs
as traders, we pay with losses
before you enter a trade, you’re not deciding how much you can make
you’re deciding how much you’re willing to pay
not every opportunity deserves the same size
some are worth a small investment
a few are worth a big one
and most are not worth touching at all