I thought I should go over some fundamentals and explain what & how the market moves in the way it does (whether parabolic or death spiraling) there are certain fractals that remain constant & these are used by institutional investors; later adopted into crypto trading (albeit different rules: much more volatile, much looser regulations, and ofc--- 24/7/365 open markets.)
So many of you may be new or even those that have been around for a while are all aware of the terms "support" "resistance" "pivot" I'm sure you've heard it many times.
Hell for you amateurs (those that aren't new, but haven't been doing this long enough: i.e. the 3month - 12 month traders) a.k.a. the most dangerous motherfuckers in the community as they are the ones most inclined to spread (and fall for) #FOMO / #FUD, but I digress.
R2S1 IS a key resistance. You are familiar with these, even if you're not sure what i'm talking about.
Here's a clue: $BTCUSD: do these prices mean anything to you? $6200 / $8000 / $9180 / $10.6k / $11.2k etc.
That's right; jog your memory? It's got nothing to do with unlocking doors or secret figures. It's simple consumer confidence & fundamental candlesetick anlaysis based on oversold/undersold markets & have been serving as signals for chart analysts on WallSt since the 1930's.
IF you guys appreciate my publications, the extra time I put into them with opeds / analysis / information which is time consuming and a thankless gig: then please support my work by sharing it to as many folks as possible and smashing that like button for Benzinga's algorithm because at the end of the day I love what I do. I love researching, then love sharing my research. I love to read & write. Unfortunately, that's an anomaly in my generation (I'm a millennial, born 8/16/90) but that's why I'm starting a youtube channel soon.
Already thought of a name:
- 'Crypt0wiz's Crypto Crystal Ball'
The format of the YT series will be more or less just like my publications (if you're familiar with them) which provide a bit of information rooted in facts with historical analysis transitioned to & conjecture that is not financial analysis but meant to serve as my own personal opinion & finally end with a detailed oped / tangent about whatever snapple fact my nerdy ass knows that you don't and you will be more likely to stomach it since it's not in text so this is not really my decision, truth be told I've been pushed into this for the better part of a year now.
Fortunately for me I happen to be really well educated on poli sci , current events, finance & tech so having the "jack-of-all-trades" niche capability is for the first time I can think of a benefit rather than a detriment...if you're wondering how having several niches can be a detriment; truth is I detest having to do 5 things (even if I"m good at all 5 of them; even if I"m great at them) because if I can be amazing at , forex trading, developing smart contracts/nodes, keys, python software, journalism, amateur comedy, teaching, brokering, etc. it just means that I'll never be an innovator in one of those: and that's what I want...I want to change the world.
For the better.
I know this is cliche & everyone says this: but the last thing I care about is money.
I want to be a fintech billionare...no, I WILL be a fintech billionare within 2-3 years and I will use 99% of that money to save lives & keep no more than $200,000 a year to myself -- I kid you not. That's who I am. Call David at the International Rescue Committee's New York Regional BRANCH or Catherine at St. Jude's Cancer Research at Columbia Presbyterian or Qaseem at Doctors without Borders. They'll tell you.
Anyway let me get this thing published before it's too late.
Figures all on chart. It's a short signal: as it''s a precursor to a BTCUSD retracement.
STOP LOSS is most important one: I'll never stop repeating it! One of these days I'll forget and it'll drive my OCD mad =P
Have a wonderful day everyone. Take care of yourselves, be good to your friends (and strangers) and don't take life too seriously...enjoy the little things like that cup of coffee you're about to have (if you're on the EST coast like me) as so many of us take so much for granted.
Another cliche, but one worth mentioning.
Peace & Love
- Ahmed T.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Look at that progressing beautifully
So far H&S & RSI + vol pickup not to mention trajectory moving as intended gives me a great deal of confidence that key resistance R2S1 as indicated in the initial publication -- is a thorn in our side; one that I warned would be a nuissance. Nonetheless, keep your stop-losss active if you haven't TP yet & are still HODLing (personally I dumped 75% at the top of the wick & am HODLing 25%) for next breakout.
Enjoy your weekend all!
Peace & Love.
TP @ 0.004854