Is #Bitcoin set up for a huge rally, or rather a big trap? Find full $BTC details here👉bit.ly/3zXKYSr
Local failures populating at the range high area signify the setup for a potential twist, and a more aggressive swing failure, eventually. As $BTC fails to unveil a larger trend, selling pressure may arise near the wedge barrier. See full $BTC review👇
Is the #stock & #crypto bear market rally over? Of course, I don't have a crystal ball to answer this with 100% certainty. But, let's give it a check🧵👇
The $INDU average is breaking into new highs, over the 200-day trend. If anything, it is a sign of strength, much more than a sign of weakness. However, it's a resistance area.
Now, the leading YTD performers are the energy $XLE, and the utilities $XLU. Typically, a rally driven by or in the presence of defensive stocks surging may be considered unsustainable - at least, over a long-term period. For this, bulls must be mindful it's a bear market, still.
In my crypto trading career, I've made a ton of mistakes. Some had little impact. But, there's one unforgivable investing error that leads to complete ruin...
Let's break it down🧵👇
1) Why would anyone want to be a trader?
Well, it always starts with the WHY. Some people work full-time, but they hate their job. The others will search for freedom and believe trading will give it to them on the silver plate. Yet, the desires are not always what they seem.
2) The truth is, people will act irrationally when facing uncertainty and need to make a decision. At times, just because one had a bad day at work, they will try to run away from their pains by searching for an answer somewhere else. The grass is always greener on the other side
Recognizing trends in the market must be so simple. Impossible to screw this up, right? Well, it couldn't be further from the truth. It's very difficult as the trends are fractals - they are self-complex. Recognizing them is a skill. Here's something I got to aid. Hope it helps🧡
Speaking of trends, let's not forget about volatility. It can be measured in different ways as it corresponds with the probability or money in danger. Indicators such as ATR help control the risk to avoid devastating losses. The FOMC meeting may liquidate many traders tomorrow...
... And to avoid the devastating losses and liquidations tomorrow, you'd need a concise trading system. A well-composed system defines the markets, entries, exits, stop-losses, tactics, and position sizing. Having those in place can save you from extreme ruin. Use this for help!
They say the trend is your friend. Always. Once you figure out where the money is flowing next, you can ride the wave and benefit early. As NFTs and gaming rally, there's another trend I found might be emerging. Im talking SocialFi here so let's break down some points. Thread👇
Reddit is rumoured to launch an NFT marketplace from its latest job posting.
Major rug is coming from Randy raccoon aka cryptobilly aka hades aka cryptowhale aka digiwhales. You were warned. Right after he’s going to change his profile for another name and do the same. Read what @cryptonator1337 got on him. This guy is a criminal and ultimate fraud. DYOR
Sb screenshot what that scam imbecile commented on my thread about his frauds? How is this he had me blocked before I even noticed he changed his account. He blocked every single larger account bc they know he’s a fraud. If he’s not, then why is he hiding? medium.com/@cryptonator13…
not to mention cryptowhale is not a whale but likely the worst crypto trader who publicly claimed to put all his money in short at $14k. Everybody knows this story lol
Prepared the most important $BTC market report you will read maybe even in your life. Explained what's going to happen in the next 2 months. Included huge tips to save your time, wealth, mental health and stress while others will lose it all. Free for all no charge. Interested?👀
Dropping shortly. This $BTC report is mind-blowing. Get ready