Technical analysis of BTC DEC21"Why it moved the way it moved"
Technical analysis on the past chart is of no use we have to be prepared for the next possible move before hand. But every time i start charting i feel this is not predictable might be because im busy, lazy or unmotivated. 😒
But that doesn't mean we can archive every move cuz next time maybe when it starts moving we can be prepared beforehand, Afterall we are deciphering charts to get each patterns, right?
This month my overall portfolio increased by 0% heck i even liquidated my demo accounts. All in the hope that i will be prepared for the next month.
BTC don't move because of the news. BTC moves are indication of a future news. Everything happens for a reason, its either long or short, we just had to be there at the right place at the right time
Lesson:
be in short and long position beforehand so even when we breakout we are already in a position
Reason
The Reason Why YOU Are Fish Food For WhalesThe Reason Why YOU Are Fish Food For Whales
That's exactly how most people react, who are greedy and don't understand the market.
Once Bitcoin is in high, many think it would only go up.
As soon as Bitcoin is in the deep, many think you could buy cheaper later.
But mostly the opposite happens.
You can see how easy you can become fish food for whales.
You actually buy their expensive coins and later sell them cheap.
Over time, you will lose more and more money until you end up with nothing left.
That's when a bull market really starts.
A tip: If you want to change something, think differently than others.
Still waiting to be able to jump onStill waiting to get involved shortside on thi pair since the last published idea (reported on related).
At this time, another potential pattern (bearish Gartley) could be used as a reason for entry in confluence with a 50% Fib retracement of the most significant swing long that broke trendline on 8th Jan 2016.
Wait and see if Gartley plays out.
Targets on the chart