The accuracy of the linear 5.618 in calling #BTC tops has been truly remarkable.
Taken from wick to wick on the all-time history index (from highest above log 1.618 to lowest below log 1.272)...
98% accurate.
Calls $231,812 this cycle.
One of the biggest fallacies that cost crypto people the most has been
"X is strong and has gone up a lot.
Y is like X and hasn't pumped yet.
Lemme buy Y, I'll make more money that way"
No, you won't. You'll kick yourself in the balls for buying weakness instead of strength.
SMC & PA done by @FmgStacker
HERE IT IS Cheat sheet
Hopefully you found it useful. would really appreciate it if you could LIKE and RETWEET this post so more people can see it.
Capital comes in two varieties:
Mental capital & the capital in your acct. Of the two types, mental capital is the more important & expensive of the two
Holding onto losing positions costs measurable sums of actual capital, but, it costs immeasurable sums of mental capital!
**THREAD**
You've attempted to position into BTC or alts more times than you can count. Fuelled by Twitter, FOMO, and the hope you catch the bottom you spend longer each day browsing charts, looking at your phone and being unproductive, bordering on unhealthy addiction.
Use this time of uncertainty and ranging environment to study. Study everything crypto-related from FA to TA. Study the cycles. Everything. So that you are prepared when shit hits the fan again 💯
Which Trading Books to read?
A Thread.
I will recommend trading books that you can read to get better.
P.S. Don't buy any other services from the Authors. Just read the Book, that's all.
However this range plays out, I can say one thing and that's that this has been incredibly learnful.
Try to absorb as much of what's happening here. Sentiment, price action, news/fud that's coming out.
It will help you tremendously in the future when you've experienced it. $BTC
To all DeFi newcomers: here's a list of articles, videos, and resources that I recommend studying when learning about blockchain and DeFi basics.
#defi#ethereum#defistudies
https://t.co/UdLPd4Co4S
"I smell so much fear on a Saturday evening dad"
"This is what the market does son,
when the gnus panic we hunt best!"
"But Dad, could u pls stop telling all the secrets then?! Wtf"
"As the past hurts, majority gnus keep running never look back while only a few learn from it"
Shoulda, coulda, woulda.
I should have done this.
If I had only done this.
There's no time to sulk in this game. Understand where you went wrong & implement your new found knowledge in future trades.
Spend too much time dwelling about the last trade & you'll miss the next one.
$BTC Seems like another one of these weekends.
Wouldn't try to figure out BTC's next move too much until everything opens up on Monday.
It's just chop for now, trying to shake you out of whatever position you're in.