If you haven’t watched “Trading in the Zone” by Mark Douglas, you’re missing the real foundation of trading.
Just 22 minutes.👇📊
But it can change how you think about the market forever.
Because your real advantage isn’t on the screen, it’s in your psychology.
🇪🇺🇮🇹 Italy joins Hungary, Belgium, Bulgaria, Czech Republic and Slovakia against the EU's theft of frozen Russian assets.
Seems there are still some willing to stand up to the globalists in Brussels.
It's amazing to me that people actually think Bitcoin is cyclical.
Meaning they assign a zero probability of a structural decline / collapse.
False narratives always eventually get found out and the greatest fools will be left holding the bag.
CRYPTO - WHAT HAPPENS NEXT
1) The whales who bought the cheap cryptos (some at up to 99% off) will bring the prices back up towards the top, but no new ATHs.
2) Mass liquidations mean many are REKT and have no money at all left to buy back their coins (some will have to force sell their assets to pay their crypto leverage debts).
3) The whales will slowly offload the cheap crypto onto unsuspecting retail traders.
4) The prices will drop back towards the flash crash prices (or lower), and we will see another Crypto Winter.
5) We may start to see a great unleveraging occuring in Crypto now. People who were not wiped out by high leverage yesterday, may now start to reduce their crypto leverage to just 2X, or more sensibly, use no leverage at all.
6) Crypto traders may start to remove stop losses entirely, and with more capital at risk, reduce position sizes.
7) Those with massive %'s, $1000s or $10,000+ invested in Crypto could start to diversify for the first time, selling their coins (taking profit or loss) and buying other assets such as $GOLD $SILVER or $CQQQ (Invesco China Technology ETF) or $SP500
8) General Loss of confidence in the markets , unleveraging, repositioning of sizes could see Crypto retest of the 52 week low prices, for example
$BTC $61,794
$ETH $1371
$BCH $245
$XRP $0.48
$DASH $17.21
$LTC $60
$SOL $94
$BNB $497
(Note : this is not financial advice and my opinion only based on 12 years of trading)