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Doubt

BITCOIN - WHAT YOU NEED TO KNOWHey there, Thank you for supporting this idea with likes and make sure you follow me here on TV. so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history. A rounded 40%decline in 1 day. An incredible number for any trader. There are now some key questions to be asked: What really valuable asset is able to drop 40% in one day? What could have caused this spike and will it happen again? Is this the end of Bitcoin? To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin. It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come back up to those. While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in, I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree. Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day. So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement. Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful. Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy. Cheers, Konrad
COINBASE:BTCUSDLong
by EnlightenedTrading
EURUSD: PerspectivesI don't know which way EURUSD is going - as my analysis are time frame dependent and trend-dependent. Plus my crystal ball was broken many years ago, beyond repair! :)) In this screencast, I've reviewed from Weekly down to 15 min time frames. I'm in too much doubt. When in that state of mind, I'm happy to stay out and be left behind to miss loadsah equity or profit. Recently for example I bailed out of a long position on Oil - and thankfully I did so. If my probability estimates in my own mind ain't right, I'll stay out or get out of any trading setup. I don't do coulda-woulda-shouldah. :))
by Captain_Walker
2
EURAUD - staying out for the moment. EURAUD is a pair that from my experience has many surprises. This is just based on long experience of understanding the 'personality' of this pair. I also know that there is a probable move south on stockmarkets which the Aussie tends to follow. The EURO took a beating last week, so punters are likely to try for a 'good deal'. So if both happen, EURAUD has some probability of moving north on my favoured time frames. Whilst on the weekly (which I don't trade), the picture suggests probability of travel south, on my favoured lower time frames it looks doubtful. I cannot find a sound entry position, so I'm happy to be left behind if the markets moves further south. Missing out is fine, cuz I'd have lost nothing! And in a 'game' where 80-90% of traders lose money, if I have missed and not lost anything then I'm winning! :))
by Captain_Walker