BTC: A long-term view and solemn reminder
If we look at our weekly, we can see in the log chart that the price point is following the trend quite nicely. There should be a breakout in the following months, as we continue to approach the apex of the triangle. Though the IC indicators in the weekly are still bearish, if we look to our daily's IC indicators bullish indicators and remind ourselves of the impending breakout followed by the upward momentum that's being pushed from past historical data, we can see that this is just the calm before the storm. In the previous triangle, you can see that though the indicators were bearish, they were moving in a position that was gradually becoming bullish. And we can deduce that here. It's the same situation.
We are at another inflection point and it's time to start accumulating because in the grander scheme of things, the big players are doing the same thing. If you want to make the big bucks, you've gotta think ahead of the pack. You will never make money in the market if you follow and buy-in while everyone is telling you to, making you feel comfortable because you know you're not alone. That's how you buy in at 18000 and sell at 3000.
You've got to walk the path alone if you want to make it big (assuming that you already have buy-in and exit strategies in place).
Though that's not entirely the case because you know of the community and all. But still.
Happy Trading!
-LB
We are at another inflection point and it's time to start accumulating because in the grander scheme of things, the big players are doing the same thing. If you want to make the big bucks, you've gotta think ahead of the pack. You will never make money in the market if you follow and buy-in while everyone is telling you to, making you feel comfortable because you know you're not alone. That's how you buy in at 18000 and sell at 3000.
You've got to walk the path alone if you want to make it big (assuming that you already have buy-in and exit strategies in place).
Though that's not entirely the case because you know of the community and all. But still.
Happy Trading!
-LB
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