UnknownUnicorn2073191

Stay emotionless. It doesn't count until it closes above 7600.

BINANCE:BTCUSDT   Bitcoin / TetherUS
Everyone is so quick to call bull rally at first movement to the upside. It really goes to show who thinks objectively and who thinks emotionally. There is no room for your emotions in trading. Here are the facts, we have been making lower highs and lower lows since January, the lower we go the more market participants we lose. Right now each move to the upside is characterized by less and less volume. Its a cardinal rule in trading the price and volume move together. I have seen even the brightest people abandon all faculties of reason when the value of their account moves by a little, they forget to take profits and forget the trend we have been in, thus giving it all back. Every rally has only topped at the .618 of the previous rally. Think about an object losing acceleration, or a ball beginning to bounce less and less when dropped. That is what we are seeing. I do not think we have found a resting point yet, and I do not think that this is the beginning of the new Bitcoin bullrun. Show me the charts and I will tell you the truth, Until the charts show objective proof, there is no reason for FOMO'ing into anything at this point. Better to miss the first 15-20% of a move after it is confirmed, then to get in early to one that fails.
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