BTC - DOES DIRECTION MATTER?
Actualizado
Hey Everyone,
I often look at the charts and they show pathways and sometimes more than 1...
And right now that is the same in my life. I sit here and I am writing my 4th book, which has deeply personal sections in it, and wondering what direction to go, not just on the BTC chart, but in life in general. It's like you get to a cross-roads where you thought everything was planned out and all of a sudden you are not sure which road to take, both destinations are probably just as scenic, and filled with just as many ups and downs... then you realise...
Trading is the same, you can sit here and wonder about direction or which way BTC is moving, or you can just make a trade and use the appropriate protection. Sure it's a good idea to know which direction BTC is travelling... but there is no guarantees... right? Sometimes even the best and most experienced traders get it wrong... (not that I have here yet) But I am sure you will all let me know when I do...
And why are we trying to decide which way everything will move and plan out years into the future, why can we not just sit back and watch it unfold... one moment at a time, and live in that moment, breath and just be.
Again this is the same in trading, no one here knows 100% if we are headed back to 20K by Christmas, or if tomorrow all the money gets pulled out and we crash, something like February 6th this year... What I am saying is take it ONE STEP AT A TIME... and become a surfer, and trade the waves. You can make money in a bear or bull market, and it's where you learn the most about trading... and yourself! Believe me trading will teach you many things... patience, when to keep your temper, and how to control that rush of adrenaline! And heart break when you lose a trade, or set your stop loss too high... But it's only money right? But money controls many things, where we live, what we are able to do, and sometimes if we don't have much money, whether we can eat or have clean clothes. And that is why there is so much emotion in trading, because it's attached to a dream or a goal, or just purely surviving! I have talked to many of you and for each and every person this is different.
Work on 3% per day compounded and see where that gets you... 3 months, 6 months, 12 months from now. Or as long as you can if this is what you live off.
THE TECHNICAL STUFF
There are 2 clear directions on the chart right now. I believe we are in a 5 wave impulse - in the 3rd subwave of the 1st primary. If this is the case the 3rd subwave should hit around or just under $7,400 and then retrace as low as $6464 (it is possible to turn on a higher Fibonacci line) This is worst case scenario for this pattern. Then I see the 5th wave headed to the $7,700s.
If this is an ABC pattern we will break $6464 and keep heading lower.
I will update daily, and if you are a surfer, this will make the direction of the waves easier to know from day to day which way we are headed... just like life... when there is no clear direction... take it ONE STEP AT A TIME...
So make sure you like the post to get updates!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
I often look at the charts and they show pathways and sometimes more than 1...
And right now that is the same in my life. I sit here and I am writing my 4th book, which has deeply personal sections in it, and wondering what direction to go, not just on the BTC chart, but in life in general. It's like you get to a cross-roads where you thought everything was planned out and all of a sudden you are not sure which road to take, both destinations are probably just as scenic, and filled with just as many ups and downs... then you realise...
Trading is the same, you can sit here and wonder about direction or which way BTC is moving, or you can just make a trade and use the appropriate protection. Sure it's a good idea to know which direction BTC is travelling... but there is no guarantees... right? Sometimes even the best and most experienced traders get it wrong... (not that I have here yet) But I am sure you will all let me know when I do...
And why are we trying to decide which way everything will move and plan out years into the future, why can we not just sit back and watch it unfold... one moment at a time, and live in that moment, breath and just be.
Again this is the same in trading, no one here knows 100% if we are headed back to 20K by Christmas, or if tomorrow all the money gets pulled out and we crash, something like February 6th this year... What I am saying is take it ONE STEP AT A TIME... and become a surfer, and trade the waves. You can make money in a bear or bull market, and it's where you learn the most about trading... and yourself! Believe me trading will teach you many things... patience, when to keep your temper, and how to control that rush of adrenaline! And heart break when you lose a trade, or set your stop loss too high... But it's only money right? But money controls many things, where we live, what we are able to do, and sometimes if we don't have much money, whether we can eat or have clean clothes. And that is why there is so much emotion in trading, because it's attached to a dream or a goal, or just purely surviving! I have talked to many of you and for each and every person this is different.
Work on 3% per day compounded and see where that gets you... 3 months, 6 months, 12 months from now. Or as long as you can if this is what you live off.
THE TECHNICAL STUFF
There are 2 clear directions on the chart right now. I believe we are in a 5 wave impulse - in the 3rd subwave of the 1st primary. If this is the case the 3rd subwave should hit around or just under $7,400 and then retrace as low as $6464 (it is possible to turn on a higher Fibonacci line) This is worst case scenario for this pattern. Then I see the 5th wave headed to the $7,700s.
If this is an ABC pattern we will break $6464 and keep heading lower.
I will update daily, and if you are a surfer, this will make the direction of the waves easier to know from day to day which way we are headed... just like life... when there is no clear direction... take it ONE STEP AT A TIME...
So make sure you like the post to get updates!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Nota
Bull Flag forming here, it is likely there will not be a deeper retrace hereNota
Did we just get a flat ABC retrace? Are we that bullish that we are about to head higher? Or are the whales just about to kill the shorts one more time?
Nota
Hey Everyone BTC is hitting triangle resistance and channel resistance, I am still seeing a high here $7500-7700 with very little wave retrace If we keep going higher, the shorts will start to soon feel the pain Nota
Finally!!!! A retrace!
Nota
BTC is correcting right now. and there are a few pivot points on the chart
Yellow - Pivot at channel support
Green - Mid Support
Blue - Wave 1 Pivot
Red - Wave 5 to Lower support
Depending on the next few days and where we pivot will depend on whether this is an impulse wave or we are still very much in the bear market heading to retest the bottom.
Nota
Seriously Oversold right now, so i am expecting a bounce soon. How high we bounce depends on how many go long here... but there is plenty of rocket fuel in the shorts right now... It is possoble for the wave 4 to go as high as the wave 1 low - which is the red dashed line.
We may get a double bottom here and Head up to complete that 5 wave, or it is very possible we need to complete the Z wave - either way - watch the pivot points
Nota
tradingview.com/chart/uCUdSVuF/BTC update, Looks like a flat correction with B ($6712.60) and C wave ($5,935-5,860) to come and then heading higher. #ridethewaves
Nota
BTC well well well... the triangle from yesterday broke higher... My B wave target is $6602-6712 and then retrace target of $5,935-5,860
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
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ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
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