I am a busy man I do not have time to wait for patterns to finish forming. If this is valid and it might be, sellers lost strength, we are very close to the bottom.
Remember if something is too obvious and everyone sees it (eventually) there is no edge. 3 ways to make money: - Be faster (with technological edge such as buying a premium connexion to the exchance) - Cheat - Be smarter
From talking with retail investors in particular Bitcoin cultists, I can 100% guarentee they are too stupid to figure out momentum and what is capitulation news or what is the start of a bear market news that should not be ignored and differentiate between a potential bottom or just a downtrend continuation and probabilities and conditions and additions without using their fingers and spelling their own name correctly and much much more. There is my edge.
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To be honest I missed my perfect entry because I drew my chart too imprecisely, it's crazy the difference it made when I zoomed in... and I FOMOed in with 1/3 position. I have a pending order looking to enter on the blue line.
Since we are in summer and it is boring, the whales moving money are away (funds are still running but 1 of the 2 big decision makers is in holidays for example, and the other one would rather not do much, governments are away, not big decisions are being made), I am not sure what to expect. Probably not anything too crazy... Might barely move for a while...
Maybe all that is left is retail traders and we know what that means : pure randomness. Maybe since mid-June this year and last year I have been trading randomness...
My advice would be to just take it easy do not look for alot of trades... Sucks to have to be on vacation at the same time as every one else, but unless you own a vacation business there is not much to do.
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交易進行
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All filled. Do not disappoint me! Honestly I wonder if I should not just stay away from charts during the summer I am not super confident don't want a 2 to 3 months drawdown. Come on make me rich.
Im with you in this shit, sold earlier to re-enter lower
I think now is the time, this support will do it.
MrGabe
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@MrGabe, I think something like this could happen now
MrRenev
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@MrGabe, Ye really looking like we are not on a downtrend anymore, looking more like consistent buying and short term violent fear selling. I hope the price does not retrace as much as you show here oh my. FUD!
I think now is the time, this support will do it.