Overall I'am lucky person, that could be because of my outlook on life. I would say that the world looks gloomy at this time, but it's always looked gloomy.
There's opportunity everywhere.
“Be grateful for what you already have while you pursue your goals.
If you aren’t grateful for what you already have, what makes you think you would be happy with more.”
― Roy T. Bennett, The Light in the Heart
I look at Bitcoin only because it's the big kid on the block. Where it goes, the rest go.
The charts below:
chart 1 is daily chart of Bitcoin.....notice how the moving averages that = Fibonacci numbers are support / resistance
chart 2 is weekly chart of Bitcoin....notice how the moving averages that = Fibonacci numbers are support / resistance.
- chart 2 is weekly chart of Bitcoin....zoomed out.
Note how the weekly moving average 34 = the daily moving average 233
Note how the weekly moving average 55 = the daily ..... It's amazing how the universe is fractal.
This is important....... I'm not calling a bottom........ I could be wrong and we don't get a bounce.
Then action needs to be taken to protect the inventory.
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Agreed. I actually got long ETH instead of BTC for a trade but literally said my confidence was low on the trade. However, when a clear trading setup arrives I take it. Price action dictates the outcome not my opinion :-)
Jim Grant ........... “if you want to make money, you have to be willing to go into scary places.”
Like your style! Awesome work, and thanks for the quote...
thanks