Bobby's Homework Assignment

5.25.23 I did a rundown on bitcoin which I think is a problematic market. I couldn't remember the smart Trader that I referred to..... his YouTube site: RealVision. I think there are better markets to be in than Bitcoin. The other market that I talked about Was oil: Oil reversed and went lower when it tested the gap that went lower in the past.... now it's trading at the top of the small range box A couple of Points below the gap. I think this is only a correction and that the market has tested one level lower where it might reverse and go higher... but there Is another level that I described Did the market might test.... and then I'm thinking the market should reverse and trade above this previous high at the gap. The important thing about going over the chart Is that the market can show you Reversal areas if you look at gaps and a few other things that we look at so that you have a better sense of how the market trades... and if this approach works for you more often than not... then you have a basis of analyzing the market by reading the market as opposed to Having feelings of concern or loss without really knowing what the market dynamics are like. Of course that only happens if your observations work out more often than not.... and also, If it's worth the work to make Decisions like this. There are few Things that I said that we're not quite right... as a function of my speech, Hopefully most people will see that... especially if you read what I've Done here so that you know that there may be some lower support areas on oil... but it will probably go higher.

ScottBogatin

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ScottBogatin