Cryptotherapy

"I'm trying my best, but these bears keep sneaking in during the Asian, oh and the US session to take my thunder. I know I can do it, but it's a question of when.

Nearly there, nearly there and then they hit me with a few thousand dollars."

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Trading is a journey, you get ups and downs, as well as downs n ups. Many new retail traders think this is a buy n hold strategy to make millions with a measly couple of grand. Sadly in Bitcoin, it's not as easy as that any more - back when $100 would buy 500 BTC, it was worth the buy and hold. So unless you got deep pockets, you need to stop thinking about it as a get rich scheme and start treating it as an investment instrument.

It's on the route, it's doing it's thing and no major surprises - you have to member this is the newest instrument to hit the market in a long time, millions of eyeballs on the charts every second. There are literally TRILLIONS of dollars on the table & with lack of regulation, the guys who know how to make money are making it from retail.

Just take it easy, reduce the leverage and go with the tide.

Back in March I wrote the rocket call, followed by an Elliott roadmap. These showed the journey from back there, it's not overly complicated, unless you make it that way. Take a look at these;


And here we are;

The post for the roadmap is this one - click the image:

The rocket call from a few days before that - we are going back to the 18th of March.

And the current situation;

Humans are crazy creatures - we try to catch the bottoms, sell off the tops and get REKT in the middle. The trick is to profit from the middle and not stress about the tops and bottoms. Until you see this, things will not change.

I've put a bit more detail in another post a few weeks back on the exact Elliott logic and count - also covered this in several of the Mayfair streams.
click for full post.

Also covered some daft posts - whats your opinion on NFT's? Click image for full post.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.