The last time $BTC daily RSI has been this low was back in Feb.
We have retraced the entire move since March now.
On most cases this looks like a decent buying opportunity however the structure looks hella bearish if 65k breaks I see a retest of the 60k level
#btc
Does anyone else think this whole alien/ufo disclosure movement is a giant psyop ?
Seems yet again no one’s learned that when a narrative is being pushed and waved in front of your face it’s 100% to distract you from something else.
@tradermike1234 1:1 makes zero sense mathematically your still going to loose more on losses then winners due to fees. So u would technically need a 60% win rate just to break even.
It would be near impossible to recover from a loosing streak.
Most men want results…
But won’t:
• Wake up early
• Train consistently
• Control their impulses
• Sit in silence and think
You don’t lack opportunity.
You lack edge.
@TheH0n3stTrader I hear this statement all the time yet the same people then try to roast on traders selling courses or other trading related businesses.
Sounds to me like building a trading based business is a smart choice if one actually wants to make trading their full time profession
@TheH0n3stTrader Agreed it throws ur RR completely out of wack by diluting your position as it goes your way..
A smarter way of “ locking in profits” is to simply use a trailing stop
Most people don’t have a money problem.
They have a discipline problem disguised as a money problem.
Earn more → spend more → stay stuck.
Until you fix that loop, nothing changes.
@Dylanmadden Buying a home is a smart move plus the equity you build up you can roll over into other properties or investments. It’s a cashflow asset this is what people who seem so against buying property don’t seem to understand.