BTGUSD: Vulnerable to next correction now
BTGUSD
Last comment was 6 days ago, back in the mists of time now.
In the ensuing 6 days BTG has knocked out some patterns other 'stocks' take 6 months to achieve. Cryptoland is another
planet, a whole 'nother world.
We were buying this at 212 6 days ago and locking in last profits at 250ish before the decline gathered momentum, only
because the chart told us to. If you follow the chart and not your weak/strong heart you will stay out of trouble a lot more
often than by following your sometimes emotionially unstable heart. It becomes unstable under pressure and gets too damn
strong when price surges. It's unstable, no? Ask yourself, does your heart do this to you? Well congratulations: you're HUMAN
! So if you know this anyway already all this will do is confirm what you knew already - but sometimes find it hard to
do...follow the chart and never your heart. On repeat, like a mantra...patterns not passion. Patterns not passion. So easy
to say and so difficult to do sometimes when price comes back at you from underside once broken.
But your heart must be mastered. You are in charge of it, not vice versa, after all.
So BTG has just had it's little counter-rally on back of Bitcoin doing the same and now it's likely time to fall away again, to 216
-210 minimum - and if this gives way, to 193, with stops justa few points above the upper parallel for smallish loss if wrong.
BTG only turns back to positive once the parallels containing this impulse wave are broken through to the upside.
Only then can we return to bullish, looking to get long on the retest of the upper parallel once broken to the upside. Only then does BTG flip/reverse, and we must too if the chart gives that signal.
Last comment was 6 days ago, back in the mists of time now.
In the ensuing 6 days BTG has knocked out some patterns other 'stocks' take 6 months to achieve. Cryptoland is another
planet, a whole 'nother world.
We were buying this at 212 6 days ago and locking in last profits at 250ish before the decline gathered momentum, only
because the chart told us to. If you follow the chart and not your weak/strong heart you will stay out of trouble a lot more
often than by following your sometimes emotionially unstable heart. It becomes unstable under pressure and gets too damn
strong when price surges. It's unstable, no? Ask yourself, does your heart do this to you? Well congratulations: you're HUMAN
! So if you know this anyway already all this will do is confirm what you knew already - but sometimes find it hard to
do...follow the chart and never your heart. On repeat, like a mantra...patterns not passion. Patterns not passion. So easy
to say and so difficult to do sometimes when price comes back at you from underside once broken.
But your heart must be mastered. You are in charge of it, not vice versa, after all.
So BTG has just had it's little counter-rally on back of Bitcoin doing the same and now it's likely time to fall away again, to 216
-210 minimum - and if this gives way, to 193, with stops justa few points above the upper parallel for smallish loss if wrong.
BTG only turns back to positive once the parallels containing this impulse wave are broken through to the upside.
Only then can we return to bullish, looking to get long on the retest of the upper parallel once broken to the upside. Only then does BTG flip/reverse, and we must too if the chart gives that signal.
Clause de non-responsabilité
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