Smart Money Wants Your Bitcoin...Don't Do It!!!
The media is such a lagging indicator and many times designed to manipulate the narrative. Can Bitcoin go to zero...anything is possible? Will the US continue to print dollars, yes? So...can Bitcoin go to zero...not likely. You see, as Bitcoin get bigger, the risk actually decreases because of the network effect. So don't listen to the Media...they just want your Bitcoin.
https://cointelegraph.com/news/3-reasons-bitcoin-abruptly-dropped-by-7-4-overnight
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
The best way to get rekt is to trade based on news. Often times they start shilling when it's actually time to dump. Crypto outlets are no different from mainstream media. I often times find myself in endless tweet replies to their crap news. Supply and demand is definitely more legit. I do prefer ridding the cycle waves rather than trading.
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I agree, I think the FUD and volatility is shaking out the weak hands. I would love to sell at the highs and buy back low to increase my stake, but I don’t want to get reeked, so I have my Bitcoin on a five year plan.
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