$700 on a Saturday Morning (BTC)Probability is the name of the game with any trading setup.
Let me ask you this, If I made you a bet in which you think the probability that you'd win that bet is lower than your chances of winning, would you take that bet?
If you answer yes, you are a gambler because that is exactly what gambling is. If you go to the casinos, you hear it all the time - your chances (probability) of winning are very low as they are skewed in favor of the casino. Lets be real, a casino is a business and the business's goal is to make money. It is just sad that most gamblers aren't smart enough to realize that the money is mostly being made off of their backs.
Conversely what about if you realized the probability is skew more in your favor, would you take the bet? You'd be foolish not to as it is more likely to be easy money for you right?
That is the theory I have applied here. Simple in and out.
That's it, no special strategy, special terminologies, weird candlesticks patterns and all that B.S.
K.I.S.S - Keep it stupid simple
Have a good day guys!
Bitcoinbuy
Bitcoin & Ethereum Volatility ( 1 Month )Today we have seen Bitcoin and Ethereum come under selling pressure as Elon Musks and The Chinese Central Banks comments on Bitcoins caused investors to sell the Cryptocurrencies.
However, the pullbacks in price are actually within the average 1 Month Historical volatility of both coins!!
This is really important to understand so please watch, so now is actually a better time to buy if you believe in the long-term outlook for both Coins to go higher.
Bitcoin BTCUSD Looking Like A BULL RUN!Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.