On the Train or Tracks
Updated
Recap: BTC moved on the previous analysis to just about touching Green 4. There is a glitch and Money Man might not be able to attach the previous analysis. The Tube is hot with analysists boasting about leveraged long positions and this spells danger. Trading is not all about getting the direction right, it is about getting your risk to reward right and the most important part of this is getting your risk right. Play with the “long position” tool here on Tradingview and you will see that the risk you enter into the equation stays the same, no matter what target you aim at.
Conclusion: There is a train about to leave the station. Money Man cannot see if it is a red or green train, but everybody can hear its whistle. Are you going to be on it or on the tracks? Money Man has drawn these tracks on the chart to give him an idea what is the most probable direction. He would rather miss a train than get run over by one. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: There is a train about to leave the station. Money Man cannot see if it is a red or green train, but everybody can hear its whistle. Are you going to be on it or on the tracks? Money Man has drawn these tracks on the chart to give him an idea what is the most probable direction. He would rather miss a train than get run over by one. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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