I think when I can explain how i use this chart i will understand it so much better. In this demonstration i am just imaging different paths and roughly where i could imagine making moves. If it hits a buy area becuse it is bouncing off a trend line and the volume. This is what every trader does, in their own way. I originally looked at many methods, all i could find, in books and online, they often all track the same point or area. So i figured my own method was as good as any, as lon as it worked for me.
To have value now the price of crypto has to have potential gain in value or it will be loosing value. It changes constantly , especially, with manipulation, and we all make money off of buying and selling or we hope to make money by buying and holding or we do both. I do both. I bought my kiddo long term bitcoin. It could set her up or it could buy, hopefully, a first car.
No one can really predict a price because price does not exist. Just movement. Which is every news story that is related, every celebrity endorsement every major company or player endorsement and if this makes any of them a profit they will increase its value with the rest f it wanting to hold crypto based on potential gain. Its value is in creating value. Which is a given. The fuel is the believers. Which is the telling.I don't think there is a way to know.
Tomorrow they could shut it all down or say they embrace it and every body goes ape$%^t. Then you redo your charts and see what stands out as new psychological areas of gain and loss and game. This is the plan i see right now, but only one, of many possibilities.
Though the chances of this being right is like .00000001 it would be super cool if its close. Either way i keep playing and learning for thee action the rewards lets me do it. And doing it makes the value tangible and enjoyable as the idea of spending crypto make no sense as its a fluctuating value that i'm investing in because i want it to to up. This is just my approach to explaining this approach. Why not. So take it as thinking out loud and feel free to agree or disagree. Im an artist and i trade to pay the bills. These spots i'm choosing are spots where I think it could easily bounce around and areas i could buy or sell. In these areas this is how i would be thinking of game value. But i will update and change my plan constantly. I like the idea that this chart will be locked in a moment in time and that some could be close. The market looks volatile and exiting.
The excitement of how much can you make today.
"Hey i paid for my groceries."Whoop! Whoop! is usually what i am thinking. "Hey that just paid for my kids college" is what id like to be thinking. Or even hey my kids makes a living in the crypto sector of gaming and virtual reality. I also created some art and ideas along the way.Longterm value requires much less action. So i like to use this approach in the now of the market , in the long of the market i use everything in the world i can consume and enjoy doing so i use it in teaching my child the world they are headed towards. In the end i just make a buy or sell decision at a price point in moment in time in a positive to negative, negative to positive motion based on that same moment in the world. Like every other trader. Even the algorithms. This becomes important in belief. I have had stocks in companies that I thought were geniuses and were going to change the world and they completely went under. Thats how the money roll. buy, sell buy, sell, buy, sell. But i like crypto much better than stocks. Just as a whole. I am concerned the stock market will vanish before it merges into crypto. Probably cheaper for them to crash than to just swap our stocks for coin.
No one can really predict a price because price does not exist. Just movement. Which is every news story that is related, every celebrity endorsement every major company or player endorsement and if this makes any of them a profit they will increase its value with the rest f it wanting to hold crypto based on potential gain. Its value is in creating value. Which is a given. The fuel is the believers. Which is the telling.I don't think there is a way to know.
Tomorrow they could shut it all down or say they embrace it and every body goes ape$%^t. Then you redo your charts and see what stands out as new psychological areas of gain and loss and game. This is the plan i see right now, but only one, of many possibilities.
Though the chances of this being right is like .00000001 it would be super cool if its close. Either way i keep playing and learning for thee action the rewards lets me do it. And doing it makes the value tangible and enjoyable as the idea of spending crypto make no sense as its a fluctuating value that i'm investing in because i want it to to up. This is just my approach to explaining this approach. Why not. So take it as thinking out loud and feel free to agree or disagree. Im an artist and i trade to pay the bills. These spots i'm choosing are spots where I think it could easily bounce around and areas i could buy or sell. In these areas this is how i would be thinking of game value. But i will update and change my plan constantly. I like the idea that this chart will be locked in a moment in time and that some could be close. The market looks volatile and exiting.
The excitement of how much can you make today.
"Hey i paid for my groceries."Whoop! Whoop! is usually what i am thinking. "Hey that just paid for my kids college" is what id like to be thinking. Or even hey my kids makes a living in the crypto sector of gaming and virtual reality. I also created some art and ideas along the way.Longterm value requires much less action. So i like to use this approach in the now of the market , in the long of the market i use everything in the world i can consume and enjoy doing so i use it in teaching my child the world they are headed towards. In the end i just make a buy or sell decision at a price point in moment in time in a positive to negative, negative to positive motion based on that same moment in the world. Like every other trader. Even the algorithms. This becomes important in belief. I have had stocks in companies that I thought were geniuses and were going to change the world and they completely went under. Thats how the money roll. buy, sell buy, sell, buy, sell. But i like crypto much better than stocks. Just as a whole. I am concerned the stock market will vanish before it merges into crypto. Probably cheaper for them to crash than to just swap our stocks for coin.
