Post
Topic
Board Speculation
Re: My instincts on the value of bitcoin from now to halving
by
EarnOnVictor
on 28/03/2024, 09:49:18 UTC
-snip-
Do you have some psychological intake or some personal opinion in related to my emotion?
You seem to be mistaking some words as you misused conscience and emotion here, they are used for different purposes in the market in relation to trader's psychology. You might probably want to use instinct in their stead, regardless, traders should be more practical than psychological/emotional about the market. I advise you to always talk to your trading chart and make adequate analysis to weigh the economic data/events surrounding the asset you are dealing with rather than resolving to your feelings alone, this has always put a lot of traders in trouble. Fine, our instinct can tell us something, but have you used the fundamental happenings around Bitcoin and its chart conditions to back it up? That's how a true trader should think, we shouldn't just act blindly based on how we feel.

As it is, I will not predict anything serious before halving but just follow what my trading chart tells me even as I manage my portfolio correctly. Yet, the only thing I can see for now since the market is even getting more unpredictable daily is the $67,629 of TrendMagic. The level has been so helpful in making me gain from Bitcoin these days. I easily get between 250-350 pips from it using only that level as a reference point, and with the use of the price action in addition.

However, at present, since the market is above the level, I am still bullish today until further notice.