Boring summer as always with FX&Futures. BTC won't be different.
"We just need to cool off for the next rally".
I think this will be complacency (again -.-).
The July-August period is always boring (60% of the time everytime).
Bitcoin might have been different in the past I don't even know, when it was 90% made up of basement dwellers and 13 yo.
But now it will be like the rest. I was suggested to look at stocks, I like the idea I have a strategy for those (buy pullbacks),
but getting in a whole new thing... Now idk... And they probably get boring like the rest.
Just hibernate. Quit trading until September.
Every triangle I look at, BTC only broke once it was very close to APEX:
BTC moves in triangles...
Tops and bottoms are triangles...
When a top is not a triangle, it dumps and forms a triangle right under the top (2018 daily chart, 2011 too).
Things never changes with Bitcoin. Will all noob hype retail bubbles.
Watch out for fake breaks. this is why here I like shorting as it goes up and locking in profit when it is down,
my average sell price will be very decent and I'll have all this profit locked in anyway.
I would really like to see a fake break at 14000. have an order waiting there.
I think this will be complacency (again -.-).
The July-August period is always boring (60% of the time everytime).
Bitcoin might have been different in the past I don't even know, when it was 90% made up of basement dwellers and 13 yo.
But now it will be like the rest. I was suggested to look at stocks, I like the idea I have a strategy for those (buy pullbacks),
but getting in a whole new thing... Now idk... And they probably get boring like the rest.
Just hibernate. Quit trading until September.
Every triangle I look at, BTC only broke once it was very close to APEX:
BTC moves in triangles...
Tops and bottoms are triangles...
When a top is not a triangle, it dumps and forms a triangle right under the top (2018 daily chart, 2011 too).
Things never changes with Bitcoin. Will all noob hype retail bubbles.
Watch out for fake breaks. this is why here I like shorting as it goes up and locking in profit when it is down,
my average sell price will be very decent and I'll have all this profit locked in anyway.
I would really like to see a fake break at 14000. have an order waiting there.
Trade active:
Taking some profit at 10,000 but keeping in some short (that I opened at ~12600).
I would not tamper with my trade if I had the perfect entry, which here would be a double top at 14000.
It may go down and I miss out (partially) but my rules are not to enter at any price and hold because I am scared of missing out.
Re-short when we revisit the upper line. That is all.
Price should be around 12000-12500.
I would not tamper with my trade if I had the perfect entry, which here would be a double top at 14000.
It may go down and I miss out (partially) but my rules are not to enter at any price and hold because I am scared of missing out.
Re-short when we revisit the upper line. That is all.
Price should be around 12000-12500.
Comment:
If we go below 8500 I will be very sad, otherwise, I will still look to short in the red area.
I won't really be that sad if the price goes down and down and I don't make as much as I could have, being careful is what kept me unrekt when all the bears were going bankrupt on the way up. Can't have it all.
I won't really be that sad if the price goes down and down and I don't make as much as I could have, being careful is what kept me unrekt when all the bears were going bankrupt on the way up. Can't have it all.
Comment:
Almost every one that are celebrating their BTC gains have been buying since 20k and have crap average prices.
If we look at the example of a peasant that got lucky and bought at the very bottom, the perfect example, the "maximum" most optimistic example possible, the kind of person without a brain that is euphoric and laughs at me for going after "small gains", that mathematical illiterate is today up 200%, 32 weeks after buying.
This is the equivalent of 3.5% a week. The kind of number that is way below the kind of number these idiots laugh at.
Get this in your head. BTC gamblers are IMBECILES.
And at most they made 3.5% a week, risking everything of course you know them.
If we look at the example of a peasant that got lucky and bought at the very bottom, the perfect example, the "maximum" most optimistic example possible, the kind of person without a brain that is euphoric and laughs at me for going after "small gains", that mathematical illiterate is today up 200%, 32 weeks after buying.
This is the equivalent of 3.5% a week. The kind of number that is way below the kind of number these idiots laugh at.
Get this in your head. BTC gamblers are IMBECILES.
And at most they made 3.5% a week, risking everything of course you know them.
Comment:
Yes Yes YES just pump it, back to 12500 or more.
Comment:
Dumb money joyfully buying...
My plan:
My plan:
Comment:
Magic box
Comment:
Wasn't that far off.
Summer is almost over.
People might remember my "angle" analysis from BTC 2018.
Summer is almost over.
People might remember my "angle" analysis from BTC 2018.
I believe we are not breaking down yet.