✳️ Metal Looks "Shaky" vs Bitcoin

19 ene 2023

I have to honest with you, always... And the way the MTLBTC chart looks like is just "shaky"... Doubty, if that word exists.

But there is still something that calls me about this chart... Consolidation since November, higher lows, bullish RSI...

Aha! It is about the cycles, the market cycles and the chart setup, risk vs reward for a trade.

If the bullish potential is there, if the market cycle is about to change, if the risk is low... One can jump with good probability of not being wrong.

15% risk is pretty good... It doesn't mean that you will win or have to win, this is the maximum that you can lose.
Well defined risk.

The target can be 60%, 80%, 100% or more.
Low risk vs high potential for rewards.

You don't have to hit them all.
You just need a plan.
Diversify.
Learn from mistakes and in time, you, your capital, your wealth and your trades will all grow.

Namaste.