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BLX trade ideas

The Squid Game Shows Why Most People Fail to Profit from Trading"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into the stock market by tales of friends striking it rich, often diving in headfirst without a hint of the rules of the game. It's a rollercoaster ride from beginner's luck to the perilous cliffs of attribution bias. Beginner's luck, that elusive phenomenon where newcomers seem to outshine the experts, can be an enticing trap. It leads to overconfidence, a misplaced faith in gut feelings, and an overzealous desire to trade that often ends up costing a small fortune in fees. These overconfident traders become engrossed in their own world, neglecting the wisdom of statistics and putting all their eggs in a single, precarious basket. Attribution bias, another insidious cognitive bias, rears its head as traders concoct explanations for their successes and failures. Profit? They're geniuses with uncanny foresight. Loss? Blame it on market conditions or mere bad luck. The mind constantly seeks excuses for every twist and turn. Even great minds like Isaac Newton, who could unravel the mysteries of the cosmos, fell victim to the madness of financial markets, a glaring example of attribution bias in action. In Squid Game, the players, after witnessing horrifying tragedies during 'Red Light Green Light,' are given a choice to continue playing or not. Overconfidence and attribution bias grip the survivors as they believe they are destined for victory, much like many traders who cling to the belief that improbable outcomes are within their grasp. Mob psychology and the bandwagon effect rear their heads in the story, too. The players form alliances and teams based on earlier factions, mirroring the tendencies of investors to follow the crowd rather than adhere to their own strategies and analyses. Panic buying, selling frenzies, and susceptibility to pump-and-dump schemes ensue. In the financial world, these psychological phenomena can lead us astray, costing us dearly. But unlike the brutal Squid Game, financial markets aren't a zero-sum game. With a solid understanding of market characteristics, rules, and diligent research, you can gain a statistical edge. As a trader, I'd argue that technical knowledge accounts for less than 5% of the equation; it's all about mastering your cognitive biases and maintaining emotional control. So, just as the surviving players in Squid Game strive to outlast their competition, investors and traders should strive to outsmart their own psychological pitfalls. In the end, success in the market isn't about luck but about mastering the intricacies of the human mind in a complex financial world. If you found this insightful, don't forget to like and follow for more quality content! Feel free to share your thoughts and questions below—let's navigate this financial journey together!" This chart is inspired by @Michael_Wang_Official
BNC:BLXEducation
by CRYPTOMOJO_TA
3
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated. Stronger to weaker RED ORANGE GREEN BLUE Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength. * Bear markets are buyers markets, Bull markets are sellers markets* PS: The arrows are only examples Once again... thanks, WeAreSat0shi Stay Blessed!
BNC:BLXLong
by WeAreSat0shi
4
Bitcoin - BTC comparing Alligator cross-over 1.🔴 2.⚪️ 3.🔵 4.🟢Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BNC:BLXLong
by Crypto4Everybody
1
Finding cycle tops by drawing diagonals from bear market lowsIn a log chart of BTC, by drawing diagonals from bear market lows we can find where market will top at the end of a cycle. Yellow highlighted bottom goes on to form yellow highlighted top (ray1), green highlighted bottom goes on to form the green highlighted top (ray2) It is not possible to know where current cycle will top at before the bear market ends with this method but it'll be possible once we are well into the next bull market. Draw a diagonal from bear market lows and wait for price to hit your diagonal from below. This is not enough to open a net short position as 2021 top shows (since it double topped) but enough to exit your long position
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by ramenking6
Kaspa Bitcoin Theory for future pricing into 2025-30I know this is a stretch of the imagination but I just could not help myself given all the research information we now have on the emission schedule for the Kaspa network and how we are somewhat tied with this Nakamoto Consensus with Bitcoin. These are two different projects but both are from the same idealogy and theoretical background of Bitcoin and the original theory on peer to peer payment system. We have a 4 year halving cycle with Bitcoin and a yearly halving cycle with Kaspa. Both permissionless both Decentralized but only one solves the Trilemma issue and that is Kaspa. Given that Kaspa has solve the Trilemma issue makes it both Decentralized and Secure and now fully Scalable something that Bitcoin does not offer. I think there is something bigger here than we can all understand and appreciate. any correlation? dont know but in time we will see if there is something bigger at play here.
BNC:BLXLong
by altcoinb
This is the Bottom $btc Bitcoin Fibonacci levels from historic lows, to significant tops. Note that at the .786 level, and anything lower, (note as well the potential 30% drawdown lasting up to 2 months that can occur at significant cycle bottoms) has historically been the bottom for the cycle. We might front run the bottom though and fill up before we reach say $10,000 or lower. The 2018 bear market bottom showed no journey into sub .786 levels, which again would almost certainly be the most optimal long entry point (low end of .786 and anything sub.) Further, THE MOST SIGNIFICANT RISK to take in end of the year 2022, would be an under exposure to the brave new asset, or stocks in general as the fed is forced into dovish expression. the fed has a money printer
BNC:BLXLong
by xueq
Bitcoin next cycle Top and bottom .Today i want to share the btc logarithmic chart with the help of supertrend . As you can see i drew a bottom area in two green parallel line with a curved top in red wich both are approximate not precise. Based on two previous events and supertrend there’s some similarities which i would like to mention. From the cycle bottom to settling down the supertrend or the next cycle bottom it takes 1300-1400 days . From the bottom to the tip of the cycle it takes 900 to 1000 days . Base on these events and some other formulas i would say we will see the cycle top in 2025 somewhere close to july and for the other year close to September we will see the next cycles bottom wich is around 60-70 k . Again its not a finance advice and crypto market could be very chaotic so stay safe fam .
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by mastershark
BTC is a possible outcome!!!Why do I think so? According to one version, the growth ended at 68944.62 with the fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010! The price is lowered to the level of 15495.37, which may be the first wave Adjusted by 31799.86 (second wave) And it can give a third wave to the new Global zone 7577.63-3629.76 By making the current Global Zone a zone of Control at the highest TF According to the second version, the fifth wave ended in December 2017 and was corrected in three waves into a triangle! Then From the current control zone we can go to the level of 48191.03 Or give a correction deeper at 22140.02 and from there it will go to the level of 48191.03 And then HIGHER!!! I will attach a global screen!!!
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by InHoldOut
Bitcoin’s MOST IMPORTANT PATTERN for Trading in 2023-2024Key Findings - The best time to buy Bitcoin has historically been prior to the Bitcoin halving. - There has been a Bitcoin bottom and a second chance buy opportunity in each Bitcoin cycle. - In the 2016 Bitcoin cycle, Bitcoin received widespread global adoption that led to the first bear market rally, market manipulation by the US Federal Reserve, and the development of a time cycle. Since price is so heavily manipulated, investors turn to the second best variable that they have to work with, which is time. We start to notice an interesting time cycle: (1) 74+ week bull run - In 2016 there was a 74-week bull run where the parabolic curve broke 74 weeks after the BTC halving date. - In 2020, the Federal Reserve was heavily manipulating the markets by turning on their money printers. - 50% of the global US dollar supply was printed since the COVID crash and BTC’s parabolic curve broke 45 weeks in. - However, smart investors know that the past bull run lasted 74 weeks and so much more US dollars are in circulation so the bull run shouldn’t run out of steam yet. - As a result, BTC formed a double peak for the first time with so much money being printed and heavily manipulating the markets upward. - This rally lasted 78 weeks with an attempted selloff at week 75 and 3 weeks of bullishness afterwards (forming a bull trap for those who believed in the Bitcoin to $100k narrative). - It is important to point out that this 2020 cycle bull run lasted just a few weeks longer than the previous 74-week cycle with an attempt to selloff just 1 week after the previous 74-week bull run cycle. The US federal government also manipulated Bitcoin’s price on the way down through contractionary fiscal policies. (2) 51-week market correction - In 2016 and 2020, there was a 51-week correction from the peak of the Bitcoin bull run rally to the Bitcoin bottom in the bear market. (3) 9 weeks of bottoming out near the Bitcoin bottom - In 2016 and 2020, Bitcoin took exactly 9 weeks to bottom out near the Bitcoin bottom before taking off during the bear market rally. (4) 36-week bear market rally - In 2016, Bitcoin had its first Bitcoin bear market rally that lasted exactly 36 weeks before Bitcoin started declining. - In the current 2020 cycle Bitcoin had a 36-week bear market rally that just ended on the week of July 17, 2023. - Near the end of both bear market rallies there were several weeks of sideways price movement near the resistance level before Bitcoin finally dropped. What is next? (5) Sideways and slightly bearish price action in the accumulation range - In the Bitcoin webinar, published in July of 2023, I gave my prediction that Bitcoin will move sideways with slightly bearish price action within the accumulation range between $22k and $31.8k. - This prediction has been accurate so far with sideways and slightly bearish price action. - I see two potential trade opportunities on the horizon with a BTC long opportunity around $22-23k if there is excessive selloff. (6) Second chance buy opportunity 9 weeks before the BTC halving date. - In the 2016 cycle there was a second chance buy opportunity 9 weeks before the Bitcoin halving date. - I’m anticipating that the time cycle continues with a second chance buy opportunity between $19.2k and $22k just 9 weeks before the Apr. 2024 BTC halving date with an estimated date of February 19, 2024. - In the Bitcoin webinar I made two errors that resulted in the wrong date (I placed the BTC halving date on Apr. 1 instead of Apr. 26 and I incorrectly counted 10 weeks instead of 9 weeks before the BTC halving date. February 19, 2024 is the correct target date. (7) Market Crash Strategy: I discuss my strategy for trading the market crash in the Looming Market Crash webinar.
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by realchartchamp
BTCUSD Logarithmic Growth Trend: 155k Max By Mid 2025 Hello all! It has been awhile since i posted, for good reason! It has been a very boring time within the market (as expected). We are currently in this transition phase between bear to bull market, its the time where everyone walks away filled with fear (bottom of cycle) Save this chart... You'll never look at a "BTC" rainbow chart again. This either works or it doesn't. BTC has followed very distinct cycles since its inception These cycles have been dictated by each halving (as shown) When looked at on a logarithmic chart, two indisputable lines can be drawn (tops and bottoms), there are no other ways to draw these lines and each top and bottom has perfectly touched them This creates a logarithmic curved growth area where BTCs priced has always stayed between Using this model, BTC should top out around 155k in mid 2025 & in the bear market that follows, it shouldn't break below 70k. We will continue to reference this going forward but main takeaway, the macro picture is still perfectly in tact and BTC is moving as it should, with room to move down to 20k This is the time to build and GET READY for what's to come Don't lose sight, the green grass looks to be right around the corner! Please comment and like!
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by traderview2
3