Stone age story BITCOIN

In a story as old as time (well nearly) - People jump into the shiny instruments mostly due to friends or neighbours telling them how shiny this is.
snapshot

And for a while it seems to be going to plan!

Excited to watch every little move! Oh boy your going to be rich!!!
snapshot

Your a GENIUS!!!
snapshot

However, here comes a wrecking ball - the Hurricane, although on the surface it looks so innocent.
snapshot

You bought with leverage and managed to buy the tops - AGAIN.

What you going to tell the wife?
snapshot

NO Lambo for Christmas?

HANG ON - it's moving up again...!!! Oh yeah c'mon baby!!!
snapshot

The local guru and social influencer said it's going to 135k by December, must be right. After all he's an influencer!

Then back to reality.
snapshot

Guy's trading is a game of ups and downs, markets need corrections it's actually healthy. Nothing has changed, the move all year has played out exactly as it should. Take a look at this chart (click the image below) you will see it's been very respectful and accurate.
A year in the life of Bitcoin


Enjoy the rest of the week!



Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCETHFundamental Analysismayfairmoney
Mayfair_Ventures
Discord Server for education and advanced techniques: discord.gg/5t3w47raHe

Masterclass Webinar: mayfairtradingevents.com

Prop firm partners (FTMO)
shorturl.at/hBEQ4

Related publications

Disclaimer