It can still go up and all the OG's would be like told you so but it can also go -99% from here.
Protecting your capital and securing profits are the two MUST things you gotta learn if you wanna make money and make it in here long term.
Taking losses is just as important as taking winners.
Not taking any of them will leave you in a situation like this one. What would you do if you kept on holding? -40% now? Would you pray it goes up one day?
Having SL and the skill of taking losses is critical
This is what I keep reading here but I have to strongly disagree
In this thread 🧵 I'll go over why any move for #Bitcoin from here will be detrimental & why it's either gonna become a HTF distribution or re-accumulation
1/15👇
#BTC since 2022 has been mainly defined by these three major ranges with a mini one in between at 40K
The current one takes 192 days, compared to the 220 days between 25-31K & 276 days of the bottoming one
To contextualize things and put them into perspective
The topping range in Q1-Q2 2021 took about 97 days & the top range in 2019 took about 96 days
This makes the current being twice as long as those topping ones
It made sense to stay 🐂 on #Bitcoin as long as the trend & range were holding & equities were going up but now it has lost its MS after 130 days of 🦀 PA & we need to adapt
I'll break down all the facts you need for all scenarios in understandable language below 👇
1/18 🧵
When it comes to bullish/bearish posts it always comes down to TimeFrames. You can have a trader that is bullish on H1 screaming at a bearish trader on D1 while the Weekly trader is bullish again
It makes no sense & we need to analyze each one differently to understand the TF 👇
The macro view, which is like a Monthly to somewhat Weekly, remains bullish, while Weekly down to Daily is now bearish
The M1/W1 TF remains bullish as long as the 39K low is holding but locally we can be bear-bleeding for some time as the 130 days long #BTC range was lost
You don't wanna miss this #Bitcoin alpha thread 🧵👀
#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 below👇
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 ✅
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 👇
1/25
We start HTF, scale in & create the valuable context 👇
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
🧵 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 💡
Let's dive in 👇
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? 👇