Thinkorsink

Spot the difference. If your not (already) in. You cant win, yet

BNC:BLX   Bitcoin Liquid Index
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!

Gotta be one bear in his chair preaching doom and gloom for every ten bulls screeching moon. They say shitcoins lead the way, litecoin has been a good example......... Etcusd tf was that? Signs of scammyness. (It’s like weakness in technical analysis terms)

Drown of the noise. Bust it down to pretext. All this moon/fundamentals (key word in that sentence.... mental) adoption curve/parabolic trendlines/fib circles (hey, I use fib circles)

I’m not saying short, I’m not saying long but to “drown out the noise” what I mean is forget about this jargon. Unless you are a HODLer, forget about this “guys, this is a true pump” “fundamentals are here” “last time you’ll ever see 8000 dollar bitcoin...... if it’s going to where it’s going we’ll be right there........ trading....... and accumulating, right? ......... to HODL 😋
So not long, not short. We should already be in from that IH&S/rsi div et al. with a certain percentage of that trade following closely along with a tight stoploss.

This is just a blast from the past. “How did bitcoin react if/when it closed below the 200 day simple moving average (after a parabolic run) well, I think, and think, that you’ll think..... very fucking similar to today...... with regards to price action and the 200sma.

as a trader we don’t care what direction. We just need confirmation on which way we think it’s going to go. Keep an eye on how we reacted in 2014 after our second consecutive attempt of closing above the 200sma. The 200sma ticked up for several days following our break and open/close above and consolidation.
If you think in HODLer terms, the time to buy is now. Best time was yesterday, they say!
If you think like a trader. The time to be alert is at support/resistance or .....200sma 😋
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.