As you can see this pullback ended abruptly at .618. This is pretty standard so now we wait...will this retrace and invalidate 4 to test recent highs? Or will this retrace to 4 and then onto 5? Rule of thumb is 4 will invalidate if it breaches 1. And don't be surprised if we see some sideways movement. This is what I mean by dynamic charting...static charting is for amateurs. I honestly don't know how you guys can go into trades being totally clueless about the possibilities and probabilities.
I gave you a thumbs up. but I'm not sure why, you called the bounce at 3 and then say that 3 might not be complete. So are you saying that price won't make a new high again this year?
No I said it would retrace from 3 to 4... depending on that retrace will depend if we go to 5. If the retrace is too deep and invalidates 4, then I would expect to continue up to test the recent highs.
It could do this, it could do that. it's hard to come up with a strategy to trade that kind of forecasting.
Is it? How can you not come up with a trade there?? I was going to use 3 as a leg in opportunity but I'm going to wait for lower. If it doesn't and it invalidates 4 and continues on to 100K, I'm already in long so win win.
After the election, real Americans only buy American Made Bitcoins!: https://www.reddit.com/media?url=https://i.redd.it/710wqcv1uayd1.jpeg Oh yeah, and free the drug lord.
So bring us up to date on your holdings. Last reported you re-invested what was left of your capital from your GME & MARA trades in BITO. Then you made a down payment on a car. Where are you getting the capital to average down when the price of BTC drops to whatever level you feel is low enough.
Why not? You do brag about your wins. You get very specific on the amount of money you make on certain trades. You are great as a forecaster, price will move up, down or sideways, sooner or later depending on what price does. Why not share how you make money with these forecasts. It's one thing to take credit for your calls and another to actually make money on them. So you have demonstrated your prowess at forecasting, price will go up, down or sideways. How about showing us your trading skill with a couple of specific trades.