Having a hard time figuring out how to interpret funding & open interest data?
Here are some cheat sheets that can help you.
There are more moderately bull/bear situations possible but we only gave 2 examples.
The majority of you are trading to try and make it all back right now. You're aggressively positioning to try to undo your losses of the last week.
You're not in the right frame of mind to try to execute the trades you want to.
Here's a $BTC example on why to relax.
1/ today's #bitcoin sell-off has nothing to do with turkey 🇹🇷 banning the use of crypto in payments. at all.
it's the tail wagging the dog i.e. derivatives
traders were highly levered long going into the $COIN listing which everyone expected to be a catalyst for $BTC 🚀
This is now my 5th year of being full-time in crypto 🦧
I wrote a small thread on the mistakes I did in the previous cycle so that hopefully you can implement some of the stuff to your strategy and actually leave this market with some profits and not just heavy bags
Let's go 👇
ULTIMATE TRADERS CHEAT SHEET ‼️
On this chart alone of #Bitcoin, I cover a large majority of the technical terms and meanings
I hope this helps legends
So many folks (esp. the media) are missing the complete backstory on $GME and how we got here.
This has been simmering for over a year and the story behind it is great. I’ve been tracking this since September and devoured all of the details from the origin through today.
There are already over 100 5-Star reviews on the FREE Introduction to #bitcoin and open #blockchains course. Share this knowledge with someone new to crypto: https://t.co/JrWAXSyPss
ALTSEASON!
No, it's not but I got your attention :-)
From now on, you can just check this website wether it's alt season or not when your favourite influencer announces it for the 3rd time in a month.
https://t.co/aoTJxFtBUB
The 5 rules of personal finance:
1. Spend less than you make
2. Get out of debt
3. Build multiple streams of income
4. Invest your money safely
5. Be patient & disciplined
Easy to understand. Hard to execute.
THREAD
It's the $crypto bull market.
I'm tired of my followers losing money.
About to try fit my bull market of trading experience into a tweet storm.
These are 10 deadly sins I avoid so I can keep making money in this market.
Share and enjoy.
Tell me the seven books you would recommend to other traders.
Here's my list:
1. Trend Following
2. Market Wizards
3. The Man Who Solved the Market
4. Trade Like A Casino
5. Trade Your Way to Financial Freedom
6. How To Make Money in Stocks
7. Reminiscences of a Stock Operator
Traders should never experience a big loss if they want to be profitable. If you can get rid of big losses, you have a great chance of being profitable for years to come.
9 ways you can exit a trade:
1. Stop loss
2. Trailing stop
3. Support or resistance reached
4. Fibonacci extension level
5. Price swing back to a high or low
6. Previous candle high/low
7. Volatility expansion
8. Time stop
9. Margin call
$btc analysis:
#btc 5th wave failure count that fits Neely very accurately imo.
The literature to this count is in pic2 and the link to my lessons 11 and 12 on channeling
The good news: it's an impulse w1
The bad news: #bitcoin just started w2
https://t.co/TlWJJ6ZeFL
I'm adding my #cryptotrading lessons 11 & 12 on #elliottwave theory to my pinned tweet so they're all bundled together
check them out if you haven't yet. Channeling is an important skill that can say a lot about a structure
Educate yourself!
#btc#bitcoin $btc #crypto
$BTC -
Is it time
Mentioned This in my Stream about a week and a half ago.
Interesting setup that has the potential to make people assume its a 4th wave triangle