you missed the KEY word "magic"...
there is no point to discuss magic level (forex vs crypto/bitcoin) as it is just an illusion (satoshi nakamoto, who?)...
when it comes to real (not one off and/or illusionary) consistent money making from trading/investing business long term it is hard to do in general and after you start to believe "magic" ("holy grail" in other words) per instrument, trading strategy, pattern, not priced in information, guru, etc etc you are 100% on the wrong way for you no longer trade/invest the market (which is allways right) but illusion/fake paradigm (btc is outperforming FOMO/FUD category 100%).
one of such mentioned illusions in btc is DCA, you need infinite time and money for that story to come true so thats why metaverse is new normal but then it is metatrading/metainvesting too, not just MT4/MT5 we are used to :)
In any case I would not trust those BTC patterns as they can be misleading...
Caribbean! Rafe... 00:00:57 GMT - 09/26/2021
Kaunas DP 19:00 GMT 09/25/2021
Good post! But one point stands out for discussion specifically "speculative and manipulative than forex", unless of course we may have overlooked something, in that case please enlighten us.
Kaunas DP 19:00:56 GMT - 09/25/2021
Varna Momchil 08:46 GMT 09/25/2021
I like that you ended your post with 'it is marathon not a sprint'.
This old metaphor was used since the very beginning of retail forex hype (20+ years have passed) and now you try to present something 'new' about the BTC magic, which is even more speculative and manipulative than forex.
All those funny long term charts with aka math patterns into them are about what? About wall (or any other money related) street inside trading, generating 10000x per trade, but none of small fishes sitting here and reading your post do have such info so forget to count on 10000x returns when buying BTC for 0.5 usd 10+ years ago and holding up to date + having 'friends' who mint USDT out of the air and let you know upfront when the pump is coming.
From current perspective even 40k BTC long into your marathonic 64k price will give just 60% return and taking the ALL risks BTC faces in general I would then prefer 1:30 leverage and the number of pips needed to get those 60% short term. Why? For in forex I do have much less price manipulation, much better liquidity and almost no force majeure (e.g. EUR / CHF market crash in January 2015), BTC as instrument from that perspective is casino roulette and guess who wins in casino when 'it is marathon not a sprint'.
GL in both trading and investing
Caribbean! Rafe... 12:51:50 GMT - 09/25/2021
Varna Momchil 08:46 GMT 09/25/2021
Okay, other than knowing bitcoin is illegal, my knowledge of it is zero.
Hence, I ask only 1 question to the knowledgeable. In your own words, what is bitcoin and how is it used?.
Varna Momchil 08:46:02 GMT - 09/25/2021
BuyOTHER Entry: Target: Stop: Hi again all.
Here`s the 3rd consecutive post with which i`m showing you why nothing has changed in Bitcoin`s technicals (up to this date) and the bull run is not over yet at all. Despite the last 2 big dips even. This time will be the monthly time frame and won`t be so full of indicators and may be not so interesting like the weekly one but let`s go straight to the point.
The chart actually is a bit of an update to the same one i`ve shared back in June. When you look at the chart you`ll see exactly the same price action in the middle from every halving to the next ATH. What do I mean. First we see the halving. Next we see a very good pump. Then we see a correction. And after this correction we see the next cycle push to the next ATH. All this sideway move and correction periods are closed in a very specific and proportional borders. Like you`ll see in the chart it`s a simple math:
* The top which we must break to the next ATH is equal to the last ATH multiplied by 4.
* The bottom which is acting as a support and we`re fine until the price is above it is equal to the last ATH multiplied by 1.5.
Guess what… this pattern is absolutely still intact. Even the last 2 big dips didn`t ruined it.
The new thing in the chart is the added RSI. The three yellow lines are very significant support or resistance levels. Won`t go into long explanations here but the most important fact is that even with the $64k top we didn`t break the higher line, like back into the last ATH`s, which i`m considering as that we didn`t reach this cycle top.
That`s it for now. Now you have my full vision about the long-term Bitcoin perspectives. Hope it will help you. Next time i`ll show some interesting fractal which i`ve found in the web. It`s now mine but it`s very interesting and I like it.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.