How to trade bubbles, manias and panics (Bitcoin example)I'll give you some guidance on how to trade bubbles, big manias and panics without blowing up your account.
Bubble
The American dream is a nightmare - Trump cool aid running out.In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction.
My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you know more.
If others know of reasons for optimism on the US Economy I would be willing to learn more. So far, I've not been able to find anything of true substance to support optimism.
This post is compliant with Tradingview's house rules on text-based posts.
Today's Lesson (#3) : Adjusting your trading to the ContextHope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
