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Cryptolistica
May 9, 2022 9:29 PM

My "hopium" charts are not without justification. Here's why. 

Bitcoin / TetherUSBinance

Description

To my followers and whoever stumbles upon my crazy ideas, I apologize for making ideas without any reasoning or explanation. It used to be ideas for myself but it seems that there are some of you that actually follow my ideas.

Here's my explanation to why I am still not entirely bearish on the current market conditions.
1. TOTAL/BTCUSD technical indicators are at their lowest since a really long time.
2. DXY has been on a bullish trend for months since May 2021, a correction must come soon... right? If it doesn't then the EUR will see parity with the USD and possibly go below.

However, I do agree that macro economic situations as of present is not in favorable conditions. Nothing seems good. Inflation is extremely extremely high, expenses for human necessities are crazy now! The wage/salary gap is insanely huge, essential workers are being severely underpaid, threats and doubts of WWIII happening, there's so much to say.

Hence, I always have an alternative outcome to my predictions and place my trades in accordance to my risk levels. If the projects that I support go fails or go nowhere, price goes to 0$, I am mentally prepared for it. When I buy the dip, I make sure that if it goes down another 50%, my fiat > more than my risk assets to make back my losses another day.

Remember! Always manage your risk!!
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