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Joker

Composite man is a joker! Another Musk tweet - People pointing fingers and crying. If a tweet is an indicator, then it might be worth choosing another sport. It's scary to see social media posts about "i've lost this, that and the other" Musk - was only a short time ago, the Super Hero . It's funny how that changes when it's not with people agree with. Plain and simple - Risk management is key, your own due diligence. Make yourself sheep and the wolves will eat you. Benjamin Franklin For those of you unfamiliar with Wyckoff - he speak of the composite man, specific schematics for distribution and accumulation. These are designed to play with retail traders, although a lot is done to themselves. Human psychology plays a huge part in trading, fear, greed, passion. The desire to be right, you wonder why you let losses run and take profits early? The green numbers over red, trigger this emotion. Brokers & Billionaires are not there to make retail traders rich. Elliott methods (100+ years old) shows that a wave 4 correction move is similar to Wyckoff, whereby it's aggressive, one way and then the other, it's slow and painful (2 can also be like this) but 4 you see more often. Everyone is a genius in a Bull market. In the stream from today (here's the link) www.tradingview.com I spoke about some other scenario for ETH (only an option) but worth keeping in mind. If you ever wondered what the composite man looked like - see the main image! Enjoy the weekend! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSD
by Mayfair_Ventures
5
Bitcoin is Yelling 'Get Off my Lawn!' You better listen to old man Bitcoin, he is not playing any games today! It’s pretty clear from the chart above that the market made their decision definitively. If you remember from the last price analysis that we did, we mentioned that $6.8k-$7.2k would be the zone that would lock in the price of Bitcoin until there was a strong movement in either direction. In the author’s estimation, they surmised that the price would actually bounce upward, however, the author was wrong on this account and it appears that the price has broken down south of the $6.8k mark. This was another major resistance/support point for the price of $BTC in the past. Looks like the RSI(14) has dropped straight down to the oversold category from overbought without one hitch or fork. This is what you would expect to see after a classic dump. Which should lead one to the understanding that Bitcoin was pump and dumped. Doesn’t get much more blatant than that. What you’re observing above is not the natural progression of RSI. This is manipulation at the highest level and something that traders should be distinctly aware of. However... It’s your responsibility to hedge. This possibility that the price would either move up or down was discussed thoroughly in the last analysis. Make sure that you always have a “backup plan”.
BITFINEX:BTCUSD
by librehash
1