Learning the technical side of trading is a unique challenge in itself.
However, true success comes from understanding that we want to use our technical analysis (TA) to identify where losing traders will likely become trapped and then ensure that we do not join them.
Master this, and you will be well on your way to success.
-Use risk management -Trust my TA -Have a trading plan -Take responsibility for my trades -Never “hope" -Never long resistance -Never short support -Always cut losses -Learn from every loss
Dec 2022, #BTC was at $16,000 and I made my "Wyckoff HTF Accumulation" video and stated we would run straight back to $69K
Then, on November 7th, 2023, in December 2022, #BTC was at $16,000 when I created my "Wyckoff HTF Accumulation" video and stated we would run straight back to $69K.
Then, on November 7th, 2023, #Bitcoin was at $34,000... I said, "Quote me!" again, The minimum target is $99,250, and the maximum target for this cycle is $238K.
On December 19th, 2024, I mentioned to look for a top of some kind on January 20th, which we then established as the recent top on the exact day. 🤷♂️
On April 2nd, I remarked that crises bring opportunities, so be ready.
On April 10th, I stated I believed the Bulls would look to hold the line that day, and they did.
On April 11th, I noted that this finally looks like it has a chance (order) to make a real run again.
April 25th gave us the daily "Go time signal," which indicates we are willing to buy dips that hold structure (and daily signals are expected to be late naturally).
Both April 29th and May 4th qualified.
Now, the Bulls want to hold 99.6K on this weekly close. Bulls eventually need a clean weekly scale on-close BoS (Break of Structure).
Once we achieve that, we can dream of a nice 3-6 week advance into the new Blue Sky Breakout (price discovery).
Once that occurs, and we see how far she is willing to go, we can use that data (along with the depth of the pullback that follows) to determine if she has the appetite for more!
Remember, you're living on a massive rock hurtling through space at 67,000 miles per hour, while spinning at 1,000 miles per hour, all while trading "magic internet money."
So, take a step back, don’t take it all too seriously, and appreciate the incredible wonder of simply being alive!