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BTCUSD May See A Slow Down Based On Bitcoin Volatility IndexHello traders! Today we will talk about Bitcoin Volatility Index and we will show you how to understand and read it compared to the BTCUSD chart using Elliott Wave theory. Well, BTCUSD is in an impulsive rise from March lows and currently we are observing the final wave 5, mainly because of a rise out of wave 4 triangle, which in EW theory suggests the final move before we may see a deeper A-B-C corrective decline. If we take a look at the BTC Volatility Index chart, we can see it approaching the lows again. And always, when BTC Volatility comes to the lows, we can expect some big action and huge volatility, especially if this is a wave 5 of a bigger ending diagonal. So, considering that BTCUSD can be finishing wave 5 and BTC Volatility Index coming to the lows, we should be aware of a bigger corrective decline soon, ideally somewhere here at the end of August and beginning of September. If you like what we do, then please like and share our idea. Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITMEX:BVOL24HEducation
by ew-forecast
1
So what is the secret?Not seeing anything to trade right now, so I am just chilling, and posting stuff here. I am following 2 trading rules at once (do not overtrade & take breaks to relax). The best exceptional individuals dump on the early pros and savvy investors that dump on the institutions that dump on the various funds that dump on the twitter shills that dump on the baggies that dump on the best exceptional individuals that... Gosh, if we could only shift it all by one the joe "macdonalds" macbaggy could actually make it. So close. Yet so far. The secret? Not chasing every single move like a coke addicted chimpanzee. Choose the select few you KNOW are exceptional opportunities, and let the stuck struggling tryhards laugh at you for missing out. Let the FOMO crew laugh at you for "missing out" and "being so wrong about the trend", smile when you dump on them for the 10th time in a row and they start being angry and calling you mean "what did we do to you?". So I suppose you could say here to emotion is important. If you start whining because the general public and low tier shitfunds make fun of you you will NEVER be able to do this. Also, just having common sense and not - well, being a coke addicted chimpanzee that gets excited or panics. Facts matter. You get in for a reason. You get out for a reason. I will list 15 of the top rules of Paul Tudor Jones, I agree with most of them, well all of those here (just that number 1 does not apply to most of us): I find it very interesting that Bitcoin "traders" as in "not gamblers" have the exact opposite rules. They are very educational. Let me show you: They are just so bad. Amazing. Like they try to be as awful as possible. And they even manage to lose by trying so hard to catch bottoms like the top traders. They are even worse than "general public". This is why I love them so much, so educational. Just do the exact opposite of what they do. And you do not need to be the 1 in a million. Even the "various funds" make money. Sometimes they blow up too, so the rule "cut your losers" has no room for errors.
TVC:DJIEducation
by MrRenev
8