Perpetual Challenge
Updated
We visited previous Red Target 3 below 53 000 and were rewarded with volume. The bounce has been a slow march upwards with intent (showing a need to form a pattern).
Money Man does not approach his trading as a hit and miss affair. He sees it as a perpetual affair. Not a game, where you must show up and perform within a certain amount of time. No. He builds his positions according to the worst-case scenario and take partial profits when things are rosy. John_Q_Public wrote in the ETH analysis’ comments: “I’m more comfortable with unrealized gains than realized losses”. Straight forward statement, but worth thinking about. Can your nerves stand being on edge the whole time? We all know what constant stress does to somebody’s mind. Do you trade breakouts by rushing to the screen and pushing buttons, without knowing where there is support or resistance?
Conclusion: There is a red fourth target too. Pull the chart up and you will see it, but Money Man elected to show the fourth Green Target. There is a good deal of potential discharge of energy lurking in the chart. It is clear to see where BTC will get some decisive action again, so take that into account. Price will ultimately go looking for these places. Remember that there are 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.
Money Man does not approach his trading as a hit and miss affair. He sees it as a perpetual affair. Not a game, where you must show up and perform within a certain amount of time. No. He builds his positions according to the worst-case scenario and take partial profits when things are rosy. John_Q_Public wrote in the ETH analysis’ comments: “I’m more comfortable with unrealized gains than realized losses”. Straight forward statement, but worth thinking about. Can your nerves stand being on edge the whole time? We all know what constant stress does to somebody’s mind. Do you trade breakouts by rushing to the screen and pushing buttons, without knowing where there is support or resistance?
Conclusion: There is a red fourth target too. Pull the chart up and you will see it, but Money Man elected to show the fourth Green Target. There is a good deal of potential discharge of energy lurking in the chart. It is clear to see where BTC will get some decisive action again, so take that into account. Price will ultimately go looking for these places. Remember that there are 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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