Hello guys, here is my little view of the progress that a trader has to do before he can become a master of all trades.
I think its splitted into 7stages, have fun to find out in what stage of trading you are :).
Normally we do like to do 3 drives. Thats why its called
Simple Sentence to that: People buy on BUY, they cry on CRY and they gonna DIE when they should BUY.
So now bitcoin seems to want to retest the old low (150$) so we gonna test ist hopefully with somekind of AE
Doublebottom. Thats why there is DIE ALREADY, and ULTIMATE DEAD ;)
At the end of the Volumetrendline we will see a big movement in either direction. (01.August)
The direction will be defined at this point for the next 4-6 month.
Now we have two possibilitys.
1) Three drive pattern is already done, good news overall (point X second drive?) liftoff at the end of the triangle 1000$ (i would preferr that way)
If the three drive...