With everyone (most people) looking at history, charts, fractals, indicators, etc; I charted the "most likely" real world direction BTC "should take". Does this mean we are Bearish, NO! We are very BULLISH. However retests, and supports are ALWAYS needed to grow a healthy stable market...Before setting new all time highs.
The longer we go without a scenario like the one shown here, the more likely and more dramatic (larger downside) it becomes.
Can it continue straight up? YES...for a short while, but these lines show the show real lines without FIB and MA and all TA people rely upon.
Smart players make money when the market goes up and when it goes down, EVERY DAY!
And smart money improves their position daily / weekly, long and short, simultaneously.
Smart money also picks a direction (based off overall market trends / news), and then charts like this, without using all the basic tools indicators everyone else uses. The tools are nice sometimes to find synergies or trends, but those same synergies also persuade people to leave their gut feelings, their strategy, and ultimately causes them to make mistakes.
EVERYONE makes money in bull markets...but only PROS KEEP their money + gains in Bear Markets. Masters make most in neutral markets, constantly improving their positions.
The longer we go without a scenario like the one shown here, the more likely and more dramatic (larger downside) it becomes.
Can it continue straight up? YES...for a short while, but these lines show the show real lines without FIB and MA and all TA people rely upon.
Smart players make money when the market goes up and when it goes down, EVERY DAY!
And smart money improves their position daily / weekly, long and short, simultaneously.
Smart money also picks a direction (based off overall market trends / news), and then charts like this, without using all the basic tools indicators everyone else uses. The tools are nice sometimes to find synergies or trends, but those same synergies also persuade people to leave their gut feelings, their strategy, and ultimately causes them to make mistakes.
EVERYONE makes money in bull markets...but only PROS KEEP their money + gains in Bear Markets. Masters make most in neutral markets, constantly improving their positions.