The FOMO Funnel! 🌪 Forecast Model Churns Out Another Pattern!In times of extreme FOMO the Bitcoin Market can be an emotionally challenging place. The Crypto Weather Channel's Forecast Model (The Jet stream) spins out yet another price pattern in the Bitcoin chart to help us navigate these times. Also, a few additional price targets will be established as we approach this moment. No one but The Crypto Weather Channel is planning this far ahead in the future! Thanks for watching.
Fomoanalysis
ETHEREUM (ETHUSD): avoid FOMO and being eaten alive. I present an alternative and perhaps unpopular perspective on ETHUSD. I'm saying that there is a risk that price on 2H and 4H time frames could spike down into the Daily trend before recovering.
The markets are there to make us feel stupid. If for example, the price rocks north now, everybody would say I am wrong. But I'm not here to be right about one position. I'm here to control my risks over several trades in the long term.
[BTC-USD] SENTIMENT ON STERIODS! OVERBOUGHT!Bitcoin has been organically bullish since April 17th, 2018, which is where I'm personally declaring the bullish trend has possibly started! As I mentioned, I like organic growth. I despise, whale & HFT pumps on any crypto and I never account for any of that to be real on my technical analysis. As much as I'm a bear, the high volume in the last 5 days is proving directly to me this is definitely turning around! Remember, I keep many spreadsheets on excel and have a lot of formulas set up with projections on price action from a mathematical standpoint. I am not a mathematician, but I did graduate in Architecture and have an engineering construction management background. So, I can get very technical if I need to be! I keep logs on all my short day trading and have a 83% win ratio. The feedback I'm getting from some viewers is that my overall accuracy is about 50%, which is guess is good. I have no idea how they came up with that percentage. lol..
The general sentiment of BTC is super high right now. People have been waiting since Jan to make some money..I believe people are too desperate to make some money, and that is why you should be careful of your entry points. Its all about psychology. Don't follow the sheep and join the FOMO! You could loose a whole lot. Wait for confirmations! But the lowest entry point i made was at $6,700. If you missed that one. Well here is your next best entry point considering how bullish we have become in the last 5 days. My next entry point should be around low 8000k as discussed on my video here! As I mentioned on this video , VOLUME to me supercedes anything! Without Volume , there are no solid bull rallies!
Remember that your risk reward ratio should be no less than 1-3.. I always shoot for higher if I'm going long! Too many traders take extremely short term risk and don't even know how to account for risk /reward ratios. Good Luck till my next video!
PS. This is not financial advice, you must perform your own TA. This is very educational purposes only!
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CryptoBuzzAnalyst