It´s Sunday and usually a day, where moves can happen to form the weekly close. The weekly close is always important for the upcoming week. After yesterday´s triangle break-down there are a couple of different ways to go and honestly, everyone has a different opinion, which is usually a very strong sign, that the market is indeed as undecided as it looks.
There are three phrases you have to delete permanently if you want to trade:
1. "I know" 2. "I knew" 3. "I think"
None of them is going to make you either rich, famous, or a better trader, what you have to do is make plans and act accordingly. You have to learn to use the ideas and assumptions of other traders to filter your own, not take them over and make them yours! If you do such a thing, you will find yourself blaming others instead of troubleshooting your tacts.
So here are three possibilities out of hundred that could happen next. Sit down and draw some on your own and publish them! If you want please link them to me and we have a chat!
____________________________________ Warm regards and a wonderful Sunday, Neru
Here are a few more phrases traders ought to omit:
"Should"
"Must"
"Will"
Thanks for sharing :)
Gl4diator
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@dralerte, Haha actually very true ;-) I was just referring to the more let´s say aggressive ones. That´s why I like words like "odds". Im gonna try not to use any of those anymore :D
CryptoBullet
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great idea
what do you think about this?
Gl4diator
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@CryptoBullet, Yeah I do know those historical approaches, still am not convinced it is an actual option, simply cause the market has changed, I doubt that the amount of fresh capital will be enough to push it that high solely brought in by non-institutionals, even the halving might not change it. A prolonged period of steady gains without high volatility would be much better. The reclaim was pre-mature, which is the reason why half of the people think we will fall again. I do believe the next supercycle will be MUCH slower and MUCH longer. But hey, if your´s is happening I´m TOTALLY ok with it ;D
jollygreen
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Interesting views! Thanks for sharing. Which indicators are you tracking the markets with?
jollygreen
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@jollygreen, Here is my position from 8/9 - currently up around 4.5%. Waiting to see if we have further decline based on the EMA breakdown.
Gl4diator
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@jollygreen, I do have a lot of trainees that really also like the fib´s and golden pockets for retrace forecasts, I am using NeruSuite (my tool) and MultiPivots (also my tool). Additionally, I am using the major chart patterns. Thnx alot for your view!
jollygreen
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@NerubicaCrypto, Nice, thanks for sharing! I can't wait to see what happens!