99.99% of "traders" have no knowledge of risk and discipline in trading....for them there is no patience...without that you will win 5 days in a row, but one day you will lose everything you have accumulated in a few hours! this is not trading!
Trading is a balance of analysis and execution.
Focus on this:
1. A trading system that can grant you high-probability trades
2. Learn to execute the trading system flawlessly
3. Build an unbreakable mindset that removes your fear and greed
4. Stick to your trading rules/risk
People working 2 full time Jobs to Eat.
Bankruptcy level highest since the Pandemic.
Mortgage touching lifetime Highs.
If you've food on the plate, a roof over your head and a family to love, remind yourself that you're Blessed.
objective considerations $BTC
know one thing...which at the moment no one is saying, the big whales are still sell btc I don't see accumulations on their part...and they before big rises accumulate btc for weeks ....this last is absolutely not a signal of new bullrun...maximum 31\33k...but from there I expect new lows below 23\20k.... if I have different signals I will let you know
so let's recap 31 \33k max
lose 26k and I will be back bearish instantly
and it will also be my last cycle ...then I think I will leave the charts and CT for a while
I'll tell you something else, perhaps the most important.
I think the next cycle will be one of the biggest, if not the last, that will change people's lives
the resistance zone at 31/34k is huge...just a close with volume above 34k would make me change my mind
𝗨𝗦 𝗟𝗔𝗕𝗢𝗥 𝗠𝗔𝗥𝗞𝗘𝗧 🔥
NonFarm Payrolls (NFP) increased by 336,000 vs expected 170,000 jobs added!
Good news is bad news since the FED wants the labor market to lose strength.
Given this increase, it surprises me that the unemployment rate stayed the same (3.8%). So I believe that the data will be revised down and it'll be much lower.
The market understands this data as a new threat for a potential new 25bsp hike in November 1st (25% probabilities given yesterday vs 31.3% probabilities today). We have CPI on Thursday next week and that'll hopefully give us a clearer view.