reversal by CASH Market open

3 feb

We will reverse by 91,530 S5 or 87,668. Probably the4 first one, and within 7 hours... Based on Elliot Wave Theory and the daily Pivot Point range.

I listened to the folks in the Cryptocurrency room and heard things like, "we will never reverse" all doom and gloom, it makes me feel like I have wasted a. lot of time trying to teach Traders about how the markets work, going from S5 to R5, back to S5, back to R5. Sometimes R6 and S6.

3 feb

Nota

we've got a reversal, now to form abase.

3 feb

Nota

BASE forming

6 feb

Trade attivo

Yesterday a Trader criticized me publically because I have been saying since Monday that we were going up earlier in the day we were going up, and I said we were going down with Paper Sellers. This shows a serious lack of understanding of how Markets work, she also claimed that I said I am right 100% of the time, that is impossible for anyone to do... hundreds of times I have explained that when Paper Sellers come along Retail Bulls can't stand up to that kind of high volume selling. Look at the sell volume at 10 AM and especially from 12 AM to 1:30 PM: This is a fact, it's not about being right all the time, it is about reacting to Market conditions, and I did instantly warning everyone at 12 PM that we were going down on Paper Selling. I bought enough BITI to take a profit on the way down and continued to hold my longs, that I bought after a 4th wave down, and a 5th wave going up, this Idea. This 5th wave long trade is still active and I am still holding my longs until I make a profit. hundreds of times I have explained, probably thousands of times, that we don't go straight up, price moves like a snake up and down in all kinds of crazy patterns, designed to trick Retail Traders into overtrading, and taking many small losses, then reversing over and over on the way to my target a 5th wave high posted in this Idea, and that TP changes... Being 'right" is about beig real about price, and having the patience,, in this case o hold for days sometimes until you make a profit. It is crazy to think anyone can make a prediction, and never reverse with market conditions this is basic trading, to be real, and respond to conditions like Paper Sellers.

7 feb

Trade chiuso: obiettivo raggiunto

we reached R5 and 5th wave high so I took profits