The original idea was made in the first half of the year downtrend. I decided to continue this ridiculously simple idea because it was definitely quite accurate and helpful in maintaining self-confidence during the depression phase. Hope and optimism bring their own challenges.
Orignal idea:
Dated new All-Time-High @ Mon 11 Nov 2024
Orignal idea:
Dated new All-Time-High @ Mon 11 Nov 2024
ความคิดเห็น:
Technically it broke All-Time-High yesterday, it was a lot faster than expected and therefore a success in what this idea was meant for: maintaining mental stability for holding a market position.
Daily:
Weekly:
Somethings to look out for:
- close to a new potential price discovery
- current high funding rates, open interest
- technical indicator resets even though price discovery is mostly psychological
-- concerning 4h, Daily and Weekly timeframes. Higher timeframes like the Monthly, Three Monthly and Yearly are mostly still green light.
- Moms, dads, uncles and their dogs buying or not. Listen around.
High Volatility is to be expected.
Daily:
- close to a new potential price discovery
- current high funding rates, open interest
- technical indicator resets even though price discovery is mostly psychological
-- concerning 4h, Daily and Weekly timeframes. Higher timeframes like the Monthly, Three Monthly and Yearly are mostly still green light.
- Moms, dads, uncles and their dogs buying or not. Listen around.
High Volatility is to be expected.
From this simple perspective, Bitcoin has entered the second of three positive years.