Most everyone I'm sure has been in a relationship, many have probably been married. I'm sure everyone has broken up with someone at some point or gotten a divorce. Well the market is no different when you get emotionally tied. What does this mean? Well nobody goes into a relationship or gets married thinking ohhh we will probably breakup. No you think the opposite, ohhh this is my soul mate, it's perfect the ying to my yang. But then something happens along the way. Maybe there is adultery, maybe a drinking problem, maybe..... well you know because most of us have been there. (Yes I can tell by some posts that many have not left there parents basement in years and the only relationship they have is online but darcyspringpopper@twitter told you to stop tweeting her which is the same thing). I mean who get's married with the knowledge of getting divorced? Nobody but divorces happen. After two divorces (wasn't my fault believe me I'm a great guy) I look at my relationships differently. I look at it as well what if it doesn't work out? I'm much more cautious. Do I want to move all my furniture in now, or take it slow to see how things evolve, let me make sure this is the right thing to do and let's take it slow.
Well this is the same philosophy in investing. Once you have been through a couple breakups or divorces! You learn to be cautious and expect the unexpected. This is why we move into markets slowly not all at once. If your new to the market can you buy here? Sure you can, but I would only bring over a few clothes and a suitcase, I wouldn't be moving in the bedroom set yet. Now of course some never learn and jump in from relationship to relationship. Yes I see some of those out there too.
So regardless if you agree or disagree with me, I'm only going by what the chart is telling me. And believe me I put a lot more information on my charts then most, maybe too much. Anyone that knows anything about charts is looking at the same things I am. Now maybe they think well this is wave III and this is an WXY blah blah blah, but overall we are looking at the same chart, and there are times we will have a different opinion, but I can tell you from investing for over 30 years, never think ohhhhh the market can't correct.
How did I miss this one. And we all understand you are a bull who stays away from women which is the right thing to do btw. Cheers.
Ive been in bitcoin since 2011 but just started trading bitcoin derivatives in the last month, I have no TA training but am finding my early work background as a sound engineer and some basic uni study in acoustics very Helpful indeed ! I teach Math and Technology now but am totally buzzing at how .618 and of course Pi are fundamental in understanding the market cycles.
Your chart has given me some great ideas. I want to try using for a sort of homebuilt TA I'm playing around with, centered around fib sequence, extension of trend lines that help relate different frequency channels , circular geometry (similar technique used in sacred geometry) whereby the intersections are created by intersecting circles rather than linear lines. Im sorry I dont have a trader vocab yet so I'm not sure if I'm making any sense ? If I can play with it over the next month I'll try and share to get feedback.
looking forward to your posts
Peter345 from NZ
PS looks like your in beautiful Sedona ?
Passed through once , a place I definitely want to visit again