Bitcoin charts are showing weakness. What do the probabilities tell us? Rule 4 – Price Moves in Waves. Crypto Technical Analysts know and apply this rule to reduce/eliminate FUD/FOMO. We’ll look at the technicals of where the market going now.
BORSOG is a powerful rule and allows professionals can make money in any market – Bull (prices up), Bear (prices down), or consolidation (price ranging). Retail traders and investors typically can only make money in Bull markets. Knowing the hidden rules is the difference between professionals (smart money) and retail. Making percentages work for you is critical in being a professional investor/trader (and all investors become traders anytime they buy or sell – so knowing how to do it is important).
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Data sources:
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👉 Trading View: https://bit.ly/34Oa07c
Useful links:
👉 Fear & Greed Index: https://bit.ly/3pnfkYM
👉Total Liquidations: https://bit.ly/3wXozBB
👉 Derivatives: https://www.coingecko.com/en/exchanges/binance_futures
Medium articles:
👉 Why Bitcoin is misunderstood https://bit.ly/30Qui1Q
Crypto is volatile,
please prepare yourself for the best and worst-case scenarios –
reality will likely be between them.
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Take care and see you next time
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🤣Welcome Back Percy!
I love to see the reappearance of Percy 😂 Have a great week KS family!
Hello everyone and hello again Percy ~! Where are your friends FUD and FOMO?
22:14 – What causes the strong alts become weak, and the weak alts become strong?
Bitcoin's gravity is the first rule. Secondly, I believe is market attention. Money flows in and out from in and out of different sectors and industries. Currently we see Cloud storage sector is looking pretty green.
26:10 Coins that went out to party will be having a hang over later. All coins will need to chill down after exponential break up.
34:40 Percy might probably going to strap on his rocket and go up most probably to test resistance at C, if NQ1! is able to breakthrough the overhead resistance (13090.25)
Currently, SPX is partying and showing a lot of strength and not wanting to retrace…
Good morning KS² and Fam.
Happy Monday!
24 hour BTC prediction: A
What causes Weak to become strong & strong to become weak?
I believe this is market focus, the strong ALTs are those that have market focus and perform really well against BTC, once these ALTS become too over heated, market focus turns to the weaker ALTs that are lagging behind BTC gravity and have better Risk/reward for trading. This can cause spikes to the upside to match BTC gravity. Sectors and ALTS within sectors also move in waves.
I hope everyone has a great day.
MC
Poor Percy reminds me of a goat my neighbor once had. It would constantly get its head stuck in the fence and couldn’t pull it back out because of its long curved horns.
Hi Ken, Hi Kate, I hope your weekend was excellent! So glad to see Percy again. Since I've sold into the current uptrend, I'm throwing some grain into the lower pastures to entice Percy into them. I've had a great two week run, but price is so strong, even with the Nasdaq futures looking week, BTC price could head higher from here. My HODL bag will applaud that, but my trading bag needs price to submit to its familiar pattern of waving down to a reasonable level of support, where we can enter again. I'm hoping for A or lower for a good buy point. My kindness thought for the day: forgiving Youtube for deleting my thoughts on kindness. Peace, Youtube!
Well, that wasn't very genuine, was it? Back into the Real Wealth section of the Masterclass I go. Love this community, and genuine peace to all!
Morning Ken,
i now see BTC basing between A @ C building strength for another assault on D!
Cheers!
Haven't seen Percy in awhile.
Got a good laugh on that comment and the Maxwell Smart money. Keep it up.
Thank you Ken.
Percy the magnetic price sheep lol
still makes me laugh🤣
Goooooood morning everyone 😊
Let’s run the numbers 🤙🏻
Working through the masterclass tonight. Figured I’d pop over for the update video. Let’s go!