#Crypto predictions for the next 12 months:
-You feel the need to flex your portfolio
-More buzzwords like "new paradigm"
-Cramer flip-flops back to Bitcoin
-@PeterSchiff continues to tweet nonsense all day long
#justcryptothings#BTC
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The importance of Directional Bias
Let's use a simple tool to identify "Edge-based Directional Bias."
The instructions are on each chart. You would be looking for LONGS in the GREEN boxes and looking for SHORTS in the RED boxes.
This is not meant to be a Black Box system as it is currently presented. Instead, this is designed to provide traders with perspective. This very basic system using a solid tool will typically OUTPERFORM the asset itself and the market over long periods.
That happens before utilizing your own technical skills, w/o identifying traps, market structure, swing failures (& any failure patterns), key support & resistance etc... Which would ALL raise your performance significantly.
If you look closely, this gets chopped up plenty of times while in this simple form. But, notice how you catch the BULK of almost every trend up and down?
If you see this and realize that this alone has outperformed you, then take note of this, one of your main problems is your inability to establish an EDGE-based Higher Timeframe Directional Bias.
The good news is that it is something everyone can correct.
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@lazerpay ๐ข We are sad to hear about the shutdown.
Transitions can be tough, and we're here to help! If your business is looking for a seamless migration to a crypto payment alternative, @DePay has got you covered.
This does not need to mean the end of crypto payments for you.
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