BTCUSD - Discussion
Updated
Bitcoin Monthly Chart.
You know, I am not against Bitcoin, I'm really not. I see Crypto as the Limewire/Napster of our time (maybe some of you are a little young to know what I mean)
Limewire/Napster defined the downloadable music industry, but they did not stick around to see the main players clean it up and become the Apple Music's etc.
Anyways. I digress.
I believe in Blockchain indeed. That will not go away, but having XXX amount of crypto currencies all trying to become the #1, all the while governments already looking to create (some have) their own coins to control the whole system (sound familiar?)
What I can't support (insert trader pun) is a technical picture such as this. My money is better leveraged on a long trade that actually has a long signal. That is my method, over time, day in and day out.
Cry "Long Bitcoin" all you want. Sure, I may be wrong...unlike many of you fresh traders...I am used to being wrong and doing something unheard of in the age of BS Twitter accounts. admitting it.
-Happy Trading everyone!
You know, I am not against Bitcoin, I'm really not. I see Crypto as the Limewire/Napster of our time (maybe some of you are a little young to know what I mean)
Limewire/Napster defined the downloadable music industry, but they did not stick around to see the main players clean it up and become the Apple Music's etc.
Anyways. I digress.
I believe in Blockchain indeed. That will not go away, but having XXX amount of crypto currencies all trying to become the #1, all the while governments already looking to create (some have) their own coins to control the whole system (sound familiar?)
What I can't support (insert trader pun) is a technical picture such as this. My money is better leveraged on a long trade that actually has a long signal. That is my method, over time, day in and day out.
Cry "Long Bitcoin" all you want. Sure, I may be wrong...unlike many of you fresh traders...I am used to being wrong and doing something unheard of in the age of BS Twitter accounts. admitting it.
-Happy Trading everyone!
Note
I know often we WANT something so badly, but our WANTS do not drive markets. Apparently Elon's Tweets do. know your place I guess. This is setting up to be a serious reversal on a large time frame chart. yikes#cryptobros
Note
That was fun.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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