BTCUSD thoughts and short chart
Updated
we are in the middle phase of this move
be patient. signals and indicators won't work much here anymore; if anything, people will be contrarian on purpose, and those with a great influence in the money aren't traders, and so don't even think about it.
sticking around % values that are logical; start at p⁰ (input 13.37% tp, sl 4.20%, rebuy at p₁, reach for t₁ = p₁/7.50%, return to t₂ = t₁ +/- 4.5%.) I figured that was a good profile for what someone would want to do if they planned on converting it into a different coin or fiat, probably not fiat, but maybe a more secure coin in the case of some individuals.
fib chart is a slightly altered one with what i find more useful levels than the ones on normal fibs. .618 is fine, but the others are just not as useful as their more simplified, rounded counterparts- when humans input prices, they will do it lazily (33333) or via %, sometimes pips (very pips wow)
Trying to think too hard about this chart isn't healthy so don't go crazy over it.
Yes alts have a correlation during this timeframe but that's available elsewhere and I don't have the chart anymore. It's obvious if you study them at the same time when the most violent moves are happening, tho.
be patient. signals and indicators won't work much here anymore; if anything, people will be contrarian on purpose, and those with a great influence in the money aren't traders, and so don't even think about it.
sticking around % values that are logical; start at p⁰ (input 13.37% tp, sl 4.20%, rebuy at p₁, reach for t₁ = p₁/7.50%, return to t₂ = t₁ +/- 4.5%.) I figured that was a good profile for what someone would want to do if they planned on converting it into a different coin or fiat, probably not fiat, but maybe a more secure coin in the case of some individuals.
fib chart is a slightly altered one with what i find more useful levels than the ones on normal fibs. .618 is fine, but the others are just not as useful as their more simplified, rounded counterparts- when humans input prices, they will do it lazily (33333) or via %, sometimes pips (very pips wow)
Trying to think too hard about this chart isn't healthy so don't go crazy over it.
Yes alts have a correlation during this timeframe but that's available elsewhere and I don't have the chart anymore. It's obvious if you study them at the same time when the most violent moves are happening, tho.
Trade active
getting there lolNote
choo choo
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