If you draw log the last candle is within the channel down. I see a repeat in a descending fractal pattern - today being the highest peak and in 8 days falling $1517
I NEVER get married to a narrative, that’s how you lose.
My win rate is 58%. So if I don’t have a plan for the 42% I’m toast!!!!
JayneBANGERT
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@BobLoukas, I´m nowhere experienced as you but I am starting to develop an eye for patterns as one part of my TA so far so good so maybe this is my forte? I follow various traders each with own strength and cast off the got rich by luck kids or gamers lol. Some of the older traders are calling $1300 but I think $6200-$6900 would be a region for the next bull run and then .....depends on the whales lol
BobLoukas
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@JayneBANGERT, Good for you. Making money in the requires being able to develop a unique style and strategy! I applaud you.
JayneBANGERT
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@BobLoukas, I´m very interested in your cycle analysis and look forward to learning more from the masters to enrich my journey. I am looking to join Bitcoin Live - hats off to you!
RobinChong
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@BobLoukas, If your win rate is 58% how do u make money? I assume that u keep your risk per capital equal for each trade
kirchnek
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You can have a win % of 10% and still make money. It's all risk and reward and protecting capital.
BobLoukas
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@RobinChong, If you can't make money on 58% you're doing something really wrong.
My winners earn twice as much as the losers cost me.