BTC1! 13 JAN 2023 (look for the composite operator)
Still looks there is some left in this trend but its starting to enter areas where there are going to be more and more sell orders. It would be suicidal for your money to enter here. Although there is always the potential for it to run, the probability of that happening decreases this high in the trend.. so you have to manage the risk accordingly.
Price ALWAYS comes down...
Price ALWAYS goes up...
There is no rush. If you rush, you may win. But it will only be a matter of time before you walk into a CO;s trap and lose your gains. Its designed that way. The market is designed for us to lose because it knows how humans behave. Fear and greed are humanities two most powerful emotions and money is the food that fuels both.
Money equals freedom, resources. If you have money you can eat and feed your family (money replaces us having to farm and hunt for ourselves). You have warmth (instead of building a fire, we have a home/roof). Money provides us energy (electricity, fuel for our vehicles). Money increases our mating value (instead of using a club or violence to procreate).
My point is that the market targets our most primal instincts. We must become the hunter and the patient warrior that can lay in wait for our animal to cross our path. If you do not wait, you become the hunted and become what feeds the market.
The market is here to win. It is a trillion dollar per year machine. It is the heartbeat of all society. The chart is the EKG that shows us its heartbeat. The market has the most state of the art computers and algorithms. It hires the most highly educated. The humans that work in combination with the AI are highly trained and very professional. They get paid extremely high salaries... Millions of dollars per year. They are not here to be our friend and they are surely not here to lose.
The only possibly way to win is to become one of them. You must become the composite operator.
In order to work towards this goal is to train/backtest.
Educational material that I think is most valuable:
Wyckoff Schematics (duckduckgo this. Do not pay anyone for training. 99% or more can't explain it).
Tom Williams Volume Spread Analysis (His book Mater the markets is very important, arguably the best manual on technical analysis)
Pete Faders VSA (the best free videos on volume on the internet)
MENT FX is okay for price action stuff
Bitcoin trading challenge is good if you are more tech minded. His early material is the best (4-5 years ago) in my opinion.
Price ALWAYS comes down...
Price ALWAYS goes up...
There is no rush. If you rush, you may win. But it will only be a matter of time before you walk into a CO;s trap and lose your gains. Its designed that way. The market is designed for us to lose because it knows how humans behave. Fear and greed are humanities two most powerful emotions and money is the food that fuels both.
Money equals freedom, resources. If you have money you can eat and feed your family (money replaces us having to farm and hunt for ourselves). You have warmth (instead of building a fire, we have a home/roof). Money provides us energy (electricity, fuel for our vehicles). Money increases our mating value (instead of using a club or violence to procreate).
My point is that the market targets our most primal instincts. We must become the hunter and the patient warrior that can lay in wait for our animal to cross our path. If you do not wait, you become the hunted and become what feeds the market.
The market is here to win. It is a trillion dollar per year machine. It is the heartbeat of all society. The chart is the EKG that shows us its heartbeat. The market has the most state of the art computers and algorithms. It hires the most highly educated. The humans that work in combination with the AI are highly trained and very professional. They get paid extremely high salaries... Millions of dollars per year. They are not here to be our friend and they are surely not here to lose.
The only possibly way to win is to become one of them. You must become the composite operator.
In order to work towards this goal is to train/backtest.
Educational material that I think is most valuable:
Wyckoff Schematics (duckduckgo this. Do not pay anyone for training. 99% or more can't explain it).
Tom Williams Volume Spread Analysis (His book Mater the markets is very important, arguably the best manual on technical analysis)
Pete Faders VSA (the best free videos on volume on the internet)
MENT FX is okay for price action stuff
Bitcoin trading challenge is good if you are more tech minded. His early material is the best (4-5 years ago) in my opinion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.