No Right Or Wrong, Just A Map!

1 lut

This is kind of the way that Nelson Elliott did it with his Elliott Wave theory.

We develop a map. We follow this map.
As long as the map works, is working, we continue to follow it.

If the map stops working, we adjust and adapt.
We make some updates and then continue to follow our map.

The map is not the territory.

You can use a map for navigation but the map is not the place itself, it is only a represetation of the landscape.

The menu is not the food.

Imagine going to a restaurant and eating the menu. That's because you take the theory to be the truth.

This applies to trading.

We develop a map based on the tools we have available: The candles, the indicators, the transactions and fundamentals.

It can be a solid map but this isn't the actual reality, only a tool.
We follow our map for as long as it is good.

When the map breaks down, we adapt and adjust.
When the map is doing good, we continue to follow it for as long as it works.

Our current map is doing good, so let's see how far it can take us.

We are very likely witnessing the resolution of the last bearish wave, the latest retrace. After the next low is in, we are likely to see growth for three months straight.

Previously it was 1.5 months straight up. Next time, we are likely to see 3 months or more, can be up to 6 months.

This applies to the entire Cryptocurrency (Altcoins) market.

Thanks a lot for your support.

Namaste.

2 lut

Zlecenie aktywne

The weekly timeframe chart is very disturbing:

Last week the mid-December 2024 resistance was confirmed.

This weekly session peaked as a lower high and so far red. The week closes in less than 24 hours.

So we have a confirmation of resistance followed by a lower high bearish candle. This can mean that a drop is to follow soon.

The week is not yet over, but the market as it is now is pointing lower. What to do?

Many ways to approach the market.
Opportunities are endless.
It all depends on your goals, your trading style and plan.

Are you trading long-term or short-term?
Are you the active or passive type?
Do you lean more toward low risk rather than higher risk?
Do you love high risk and action, stress and anxiety?

For us, since the drop can unravel pretty fast once it is on, we wait for a great entry to go LONG.

We can predict a drop easily but we can also predict the upcoming bullish wave.

Instead of losing focus and focusing on the short-term, we save our energy and plan and prepare for the bigger wave.

The drop is very limited and surely small. It can be fast, it can be quick but it won't be a long-term drop. The rise can be out of this world.

So instead of focusing on the risky, doubtful drop, we focus on the high probability, highly profitable, long-term wave of growth.

We let the market to draw the chart and we enter with the best timing for the best possible results.

Short-term traders can SHORT and then immediately after covering go LONG.

The remaining traders, all types, can wait for the test of support to buy more or create new positions based on the mentality mentioned above.

Just keep in mind, that regardless of the short-term, Bitcoin will ultimately grow.

Let the experts carry the high risk.
Focus on the win.

The more you win, you can trade more.
The more you can trade, you can win more.
Create a positive vicious cycle that ends up in win, win, growth.

Just create the habit of winning. Win small.
Keep on winning, keep on going, keep repeating and as you become used to winning, the game becomes easy. It is all a habit. Create the right habit and you will win when the market goes down just as when the market goes up.

You just need to be patient.
There is no need to trade everything, but there is need to win.
Winning can be achieved with the right mindset and planning.

The small wins will eventually turn into big wins.

Now, you don't have to think about the size... Just focus on getting it right.
When you are used to getting it right, that's when you can increase the size of your positions to increase the prize.

You will get what you deserve if your persist in due time.

Learn from your mistakes.
Everything follows naturally when you are honest with yourself.

Don't let the market fool you. This is not a game.
It is a game for the winners, but, for the losers, it is pain.

Namaste.

3 lut

Transakcja zamknięta: osiągnięto wyznaczony cel

Patience is key. Wait longer before entering.
Volume is still low.

More than 2.13B liquidated already all across the Cryptocurrency market.
1.84B worth of LONGs.

This is the final flush.

Thanks a lot for your support.