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Let me explain the fundamental problem in the crypto dollar markets for the 5 year olds.
Crypto exchanges (especially centralized ones, or CEXs) hold and can accumulate significant amounts of cryptocurrencies on their balance sheets or in custody, while traditional stock exchanges do not hold or accumulate the underlying stocks they facilitate trading for. This stems from fundamental differences in market structure, asset nature, business models, custody practices, and regulatory environments.
Anyone not understanding there is no market until regulation is in denial.
An exchange should not EVER:
- have its own assets traded on its own order books
- have unregulated order books
- be in the business of accumulating the assets it sells
@CryptoJelleNL I think we are forming another bear flag here personally and we will push to 71.5k in the next few weeks, agree though we are on the limit
@ColinTCrypto Good shout Colin, I agree and think we will see a retest of the 71.5k level which was kinda the breakdown level from the ascending channel
Novice and aspiring market speculators think the magic is found in trade identification.
The "what" and "when" components of trading -- while necessary -- represent only about 5% of a trader's "edge."
Yet aspiring traders spend 80% of their time, energy, hopes and fears on trade identification and the next trade.
The real landmine in trading is self-sabotage. Dealing with human emotions is the battle line that matters.
You want to know yourself, I mean really know yourself -- the good, the bad and the ugly?
Become a trader.
This is why all the trading services who talk about their last trade (made 250% on XYZ) is such an absolute joke.
Trading services who talk about their winners are trading services you must avoid at all costs.
The real enemy in trading is self.
You want to know your biggest enemy to trading success? Well, just look in a mirror. It is you, not what you know or don't know, that keeps you from gaining traction in trading.
After three to five years of experience a person should know what they need to do to be profitable. The challenge is actually doing what you know you must do.
The task is overcoming self.
@Donaxbt@iWantCoinNews Head and shoulder pattern confirmed on the daily timeframe, perhaps they used as good timing to announce and accelerate the dump for their own gain
Hi Aksel, I identified the setup, entered a little too early with a tight stop and got stopped before the big move.
I’ve learnt so much about TA from you - just my trade execution needs work!
Also I find the timing of this chart pattern confirming and the news of the ZEC vulnerability hitting uncanny. Would love to know your thoughts on that, I think it would be an interesting article.
@GordonGekko How many X users have you led into bad decisions from your constant bull posting.
You’ve been calling the bottom for the last 6 months.
I’m not mad, I’m disappointed Gordon
I called the bitcoin:native relief rally from 89k - 98k from Dec - Jan and have the post to prove it...
https://t.co/gx4DSRAaHR
I called the bitcoin:native move from 65k - 82k from Feb - May with the post
https://t.co/0I6tq31EaE
And now I'm making a call on where BTC will bottom in 2026.
Could I be wrong? Absolutely.
Do I care if I am? not really...
Should you watch the video and form your own opinion? probably.
https://t.co/viuHXnjahA
I think will bottom when we reach around the 8.9% on USDT Dominance. bitcoin:native
Check out my video for a full explanation and my thought process.
https://t.co/9ljmphXGQe
I called the bitcoin:native relief rally from 89k - 98k from Dec - Jan and have the post to prove it...
https://t.co/gx4DSRAaHR
I called the bitcoin:native move from 65k - 82k from Feb - May with the post
https://t.co/0I6tq31EaE
And now I'm making a call on where BTC will bottom in 2026.
Could I be wrong? Absolutely.
Do I care if I am? not really...
Should you watch the video and form your own opinion? probably.
https://t.co/viuHXnjahA
Over $5bn have now left $BTC ETF’s in the last 30 days… wow!
I’m always up to date with the latest developments thanks to the https://t.co/oPoMZDDJ3i Trnd terminal!