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so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable...
From my last post to now, what did you observe? If we look into the lower timeframes, we notice one thing:
- we get scared.
- we read headlines.
- we cloud our judgment.
The most successful and rewarding trades of all are always done on a macro scale. With this simple fact we must learn to be patient and trust in the macro timeframes.
IMO , this is a long. A...
A few more lines added in to show direction
Down to 190 Billion then...
Up to 212 Billion...
Most likely a dump to follow,
if we break up from 212 then we may be seeing a reversal on the market.
Hard to speculate where we will go from here.
I still seeing the details laid out in my last update panning out,
refer to my last post for relevant data.
I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to.
There may be opportunities on 15 min time frame, which I'll be tracking.
I don't know which way EURUSD is going - as my analysis are time frame dependent and trend-dependent. Plus my crystal ball was broken many years ago, beyond repair! :))
In this screencast, I've reviewed from Weekly down to 15 min time frames. I'm in too much doubt. When in that state of mind, I'm happy to stay out and be left behind to miss loadsah equity or...
EURAUD is a pair that from my experience has many surprises. This is just based on long experience of understanding the 'personality' of this pair.
I also know that there is a probable move south on stockmarkets which the Aussie tends to follow. The EURO took a beating last week, so punters are likely to try for a 'good deal'. So if both happen, EURAUD has some...