ppbastos

Crypto enthusiast, technical analysis lover

[ppbastos @ppbastos]

@NorthmanTrader People buys ETFs no matter what. To unwind it takes a serious and prolonged stress, which CBs doesn't allow anymore. Until something (big Government) really breaks.

[ppbastos @ppbastos]

@decodejar Zoom out a lot and it will be clear that this is not likely a 1 finished and 2 going on. Much more likely a secular ABC (C just started). Invalidated above 120.

[ppbastos @ppbastos]

@ajax_holland555 @decodejar Proper wave 4 has ultimate pain, stop both sides. Totally normal and increases confidence that we will still have 5 to complete cycle up to ATH!

[ppbastos @ppbastos]

@decodejar Follow you and respect a lot, congrats. I just disagree on C finishing, as yesterday carnage likely was 3 of C. I expect now some sideways for 4 (triangle or flat) and another panic to 5. Yet to be confirmed, of course, but this would align more with macro unfolding, I think.

[ppbastos @ppbastos]

@PravattaMarcelo @EscolaCripto Mestre!

[ppbastos @ppbastos]

@CFD_Oficial Po, sem spoilers por favor!

[Watcher.Guru @WatcherGuru]

JUST IN: BlackRock CEO Larry Fink says #Bitcoin is digital gold.

[Simply Bitcoin @SimplyBitcoin]

The #Bitcoin  halving schedule.

[ppbastos @ppbastos]

@decodejar 100% correct, it seems

[Cred @CryptoCred]

Trading should be boring.

You should know what you're looking for, how to execute the idea, and how to manage it.

The majority of the time is spent waiting - doing nothing when there's no trade, and doing very little whilst letting the trade play out in most cases.

If you have a good trade selection process in place, going through your watchlist or dashboard shouldn't be an arduous or time-consuming process. You should be able to more or less eyeball the chart/price/spread/whatever you trade and quickly tell if there's something there.

The best trades should jump out at you, begging to be traded.

Once you've punted, don't fall for the low time frame false idol of being stuck on the tick chart micromanaging every little move. Most of the time that is unproductive.

Instead, it is often a symptom of not having a clear trade management process in place. It is also a symptom of not being comfortable with the risk you've taken. If you've put on too much size on a mediocre opportunity, that is something you subconsciously recognise and compensate via obsessively managing the trade. It does little more than offer you a false sense of security and increase the odds that you fumble an otherwise salvageable trade.

Social media makes this difficult. You're bombarded with charts, shills, PnL cards, random squiggles labelled as 'trade ideas', the next big narrative, and so on. It can make you feel like if you're not in a trade making money right this second, you're losing.

In reality, most of that stuff is noise. In crypto, a disproportionate majority of your lifetime PnL will come from a handful of good positions in a relatively short period of time.

Focus on building your process for those opportunities instead of arbitrarily filling your 'positions' tab to feel something.

[Marcelo Pravatta @PravattaMarcelo]

Será que o #BTC vai cair para perto de $51K???? 😬

Sabe como se proteger de possíveis quedas como essa???

Segue o 🧵👇

[ppbastos @ppbastos]

@PravattaMarcelo Mestre!

[ppbastos @ppbastos]

@NorthmanTrader 100%, bonds higher = party mode continues

[ppbastos @ppbastos]

@trader1sz @Maccphill Nice work, really! Original!

[TraderSZ @trader1sz]

If youre interested in solid hand made art work then check out @Maccphill page https://t.co/bx91aLMlb9

[ppbastos @ppbastos]

@trader1sz @KittenHaimer #KHAI #kittenHaimer @KittenHaimer @trader1sz

[ppbastos @ppbastos]

@trader1sz @KittenHaimer Incredible, but still looks to be just the beginning. If it goes beyond 3, 5 should come quite quickly. Congrats on another gem call!

[TraderSZ @trader1sz]

$KHAI @KittenHaimer update.

$2.5-$3 next

[RickUntZ @chrono_chartist]

Then I will add my own updated view, this is not a new view and I have been onto this with just my TA alone and putting the cycles together for the past year and half. 1st the updated followed by some I shared in the past.

[Fred Krueger #BIP-110 @dotkrueger]

First cut from my 90 min deep dive with @Giovann35084111

This is the chart that you "can't unsee".
Non-intuitive aspects of the power law
In the next 15 years of Bitcoin, we expect the price
to go up not by 2, but by 64!