Did we buy the bottom of a wick again? You could say it's just luck if I wasn't sharing this with you all the time BEFORE THE FACT ๐ Spot the difference.
I'm still very positive HTF about and I see this current LTF PA as a shakeout. I think we gonna take the lows here, however, I wanna see a strong reaction there.
I call this pattern scissors which is basically a reversed triangle.
Update on
Went fully for the low and stops. Nothing is lost yet but truly be cautious here.
I wanna see the buyback. Wanna see the Daily close on the line shown or at max engulfing the day after.
Any daily close below 931 is a sell for me.
Also, this is exactly why I keep on saying take profits. I did take 30% off 1035 of my first buy at 955 and now I can chill.
Many people will tell you do not take profits in the alt season and I just can't agree with that.
It's my strategy and I know it works in the long run
Decided to take an L on this one with the upcoming volatility in BTC.
Knowing to take a Loss is as important as taking a winner. At least I mitigated the loss with the partial profit. CELR and ONE making up for it big time
โข โข โข
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You don't wanna miss this #Bitcoin alpha thread ๐งต๐
#BTC around 50K is still within a strong value area
Lots of people sidelined, waiting for a bigger correction will miss out
Data from Financial Advisors across the US are suggesting big future upside
1/20
Read below๐
First of all, I did expect we would get the upside we got from the 40-45K range, but after, I thought we would get a deeper pullback at some point to like 32K or so
I do not think that anymore
Below is the original thread worth your time to read through
No emotional bias, just truth bombs full of data & mainly my own context โ
Both bullish & bearish arguments - HTF to LTF
Hit like & Bookmark to keep this plan in the back of your mind
Let's get to it ๐
1/25
We start HTF, scale in & create the valuable context ๐
So my thesis has been & is still the same throughout the whole of 2023, that we move above the so important psychological level of March 22 high, sitting at 48K, distribute above & pullback
๐งต Big thread on INTEREST RATES around the Western economies & their future projections & implications on the markets
Everyone's focus is on the FED funds rate but by understanding all of them we get a much clearer picture of where the FED is heading ๐ก
Let's dive in ๐
1/22
As you can see from the picture, central banks in Western economies tend to move the interest rates on average in a similar trend
We could even call it a consensus
However, some are frontrunners & some laggards and by comparing them all, we can get a general idea of the trend
Each economy has its own factors & issues that come to play in each country of course, which is the reason why we see some deviations here & there on a lower quarterly or yearly scale. But the general trend stays
So why is it that they all move together on average? ๐