Sorry, I could not disagree more. Let's not forget the market is not an exponential function and can not keep rising forever.
Unchained_Trading
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@Tradersweekly, Thanks for the feedback but I have to disagree. These markets have behaved much more like stocks than risk off assets like gold. Why does that matter? Market cap. The fact of the matter is, these markets caps are miniscule compared to what they eventually reach. And trading these markets for 5 years now, nothing can surpise me. I apprciate the input and I wish you the best of luck.
Tradersweekly
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@Unchained_Trading, Well, I think you might be right in the extreme long-term. But I would not want to hold onto losing position for so long. The downtrend is in place and will continue to unravel further. Thanks for the response. Wish you the best too!
Unchained_Trading
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@Tradersweekly, oh, believe me, I know I had a huge lapse of judgement and all my lastest setups I shared completely blew up. However, I I'll be putting how much better setups thoughout the week.
Either way, swing trades aside, scalping these markets have been a cake walk - so that's a plus. Thanks for the support and I'm in agreement that this is more of a macro picture. At least until the world gets its head on straight again.
Cheers!
bpnnp5pbpx
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Why stop at 500, make it the target 20000 ;d
Unchained_Trading
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@bpnnp5pbpx log scale things can get pretty wild. I won’t say it’s impossible but improbable. But over the course of 5 years of daily trading these markets, I noticed that almost all alt-coins measure perfectly to linear scale, but bitcoin always measures perfectly to log. Thanks for the comment