“I want the cycles to remain on track. The longer price takes to reach its destination, the higher it can go. A short parabolic burst will likely end much shallower than many are expecting.”
Well said. The cycles staying on track also helps with, let’s say, predictability with the markets. I’d take predictability over the long term over short term quick profits any day.
Lone wolf… well said. I entered below 10k as well..
It was tough to convince others..
It can be vicious if you make a wrong trade…
…I must admit… I took the surf up to and did exit but my emotions of a continuation had me reentered 4 days ago… looking at the charts.. I don’t want to take the ride down to the 30s…
Your link was very well written… so many points that basically paint the picture of the overall experience.
I have survived from the days of Scottrade platform to present day. I have learned and earned wisdom along the way. I have invested in tool bag to be a better trader… what I need to master is sticking to the plan and avoid the euphoric emotion of completing a trade but reentering foolishly because you thought you got out too early when you were right the first time.
@MANA @ROIT… now I’m stuck in a trade when I had the near perfect execution…
“I want the cycles to remain on track. The longer price takes to reach its destination, the higher it can go. A short parabolic burst will likely end much shallower than many are expecting.”
Well said. The cycles staying on track also helps with, let’s say, predictability with the markets. I’d take predictability over the long term over short term quick profits any day.
100%
If Bitcoin tops early we may be navigating a double top, triple top, long bear market you name it
It can be done... but I'd say the cycles aren't broken so don't fix them!
You say that all price points have been hit for the mid top, but the MVRV-Z score hasn’t hit yet, correct? 2.11?
When I refer to price points, check out the Data Library page for context: https://cryptocon.substack.com/p/mid-tops
An example of a price point would be the .618 cycle retrace that is glued to a certain price.
MVRV-Z would be a data point, and you are right it still hasn't hit yet at 2.11.
Great article 👍
Thank you Simon glad you enjoyed!
Lone wolf… well said. I entered below 10k as well..
It was tough to convince others..
It can be vicious if you make a wrong trade…
…I must admit… I took the surf up to and did exit but my emotions of a continuation had me reentered 4 days ago… looking at the charts.. I don’t want to take the ride down to the 30s…
Awesome entry!
Active trading is an awful disease, I know it firsthand.
You may find this interesting: https://open.substack.com/pub/cryptocon/p/trading-will-ruin-your-life?r=h4ubk&utm_campaign=post&utm_medium=web
Your link was very well written… so many points that basically paint the picture of the overall experience.
I have survived from the days of Scottrade platform to present day. I have learned and earned wisdom along the way. I have invested in tool bag to be a better trader… what I need to master is sticking to the plan and avoid the euphoric emotion of completing a trade but reentering foolishly because you thought you got out too early when you were right the first time.
@MANA @ROIT… now I’m stuck in a trade when I had the near perfect execution…
I appreciate your content….
Thank you Wil!