This video is probably one of my most EDUCATIONAL- I break down Elliott Wave to it's basics and demonstrate how I use it in confluence with other "traditional" price action methods to create a more "practical" approach to technical analysis.
I cover $BTC and a number of alts including $ETH, $XRP, $CRV, $CVX, $LTC, $WIF, $HBAR and more!
I've talked about the green zone pictured in my newest Youtube video which will go LIVE TODAY, so tune in to that for more context about the pictured scenario below (and some other alternatives if we lose it) and how this all ties in to the bigger picture..
Bitcoin is currently bouncing off of the first key level (102k-103.6k) I discussed in my latest Youtube vid.
First screenshot is from the vid and second is now.
If you'd like more context around why this region is significant (and what the next area of interest is if this one is lost) I recommend watching my latest Youtube vid (pinned tweet).
Will be my last post on this guy and posting only because there’s a very valuable lesson in here.
If you don’t practice some form of risk management, you will lose in this game, period.
“Gambling” is not trading.
No matter how high you run it up, no matter how many millions you make, if you did so by rolling the rice and getting lucky, you are destined to lose it all at some point because those habits will not change until you get wiped out.
You MUST put time and effort into this game to succeed. And that alone is NOT enough. You must approach the markets and your positions methodically. You must have a plan, a strategy, a tested and validated approach.
If you treat this space like a casino, you will lose.
Managed to make a quick recording with some thoughts on Bitcoin which will keep you guys covered while I'm gone :)
Going to have my editor do the heavy lifting and uploading since I don't have time atm since I'm flying out tomorrow so this one may take a bit longer to go live (48-72 hours) so please be patient.
Also, I'm at 69.9k subs on Youtube now, can we get me to 70k before this vid goes live? 👇
Unlike $CRV which requires you to lock your coins for a number of years to maximize yield from protocol rev share and "bribes", $CVX offers you a way to earn a substantial yield (20-30%) right now as long as you're willing to "lock" your tokens for a relatively shorter period of time (4 months).
You literally get paid a FAT APR with relatively low risk (only real risk is smart contract risk) while you wait for $CVX to 10x+.