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kojoidun
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JUST IN: Russia 🇷🇺 Vladimir Putin signs law legalizing cryptocurrency mining in Russia & #
Bitcoin
reclaims $59k
$BTC
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kojoidun
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$BTC descending broadening wedge 👀 $76K looks like the local bottom as institutions have started buying again. Usually these patterns break to the upside so I'm expecting the same this time. A daily close above $88.5K will confirm the breakout and will end this downtrend.
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Trading is not a job. It’s a business. An identity of the 5%. An individual who is in control. A belief that you can achieve when others fail. Trade responsibly 👍
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Just in federal judge has ordered Ripple to pay a $125 million civil penalty to the Securities and Exchange Commission (SEC), effectively drawing a close to their protracted legal dispute. While the financial penalty is substantial, the core of the SEC's case, classifying XRP as a security, has been dismissed. $XRP #MarketDownturn
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[Follow your trading plan regardless of each trade’s outcome] When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong. In other words, she rewards effort, not the outcome. If you think about it, this approach is highly suitable for trading. You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser. So here’s how the star system works… - Every time you follow your plan, you get 1 star - Every time you didn’t follow your plan, you get -2 stars - The goal of the star system is to accumulate 100 stars As you can see, the focus isn’t to make profits. Rather, it’s to accumulate as many stars as possible by being consistent with your actions. Remember, a consistent set of actions lead to a consistent set of results.
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7 ways you can exit a trade: 1. Trailing stops 2. Support & resistance 3. Fibonacci extension 4. Swing high & low 5. Setup is invalidated 6. Previous candle high/low 7. Time stop Bonus: Margin call Join our new telegram channel for more guidelines and procedures in trading 📉💶 comment for the link 🔗 #MarketDownturn
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