Stoic

Stoic

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Habitual Sufferer. Crypto Perps Trador. Stoic. Mechanical Engineer. Iron Liftor. Buildor at @GhostsBTC. http://bit.ly/42iwk5N

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Relevant. twitter.com/Stoiiic/status/202...

Developing Quarterly for $BTC which is really ~40 days of value. Simple heuristic - currently rejecting on ltf from perimeter of 1 std. deviation band if looking for a wider range towards the upside or for the cap to be higher needs to accept back inside the band i.e. constructive price action above ~72.

After a violent sell-off, a mean reversion bounce is to be expected. This magnitude of spike in volatility typically leads to a rotational regime where most tend to chop themselves out getting trigger happy and marrying a biased one-directional thesis without much information. Letting the market decide where there is excess and what the bracket of the current range is (or not) and will go with the flow. Excerpt from weekly cookbook - free newsletter published every Monday with Mercury, Magus, Doc and Charlie:

Article on rotational/ranging environment and how to go about playing this regime?

Ever tried. Ever failed. No matter. Try again. Fail again. Fail better. - Samuel Beckett

Coinbase & Binance spot buying with strong initiation from ~ mid 60s on $BTC. Currently trading into H4 trend ~ 69-72. Daily trend ~ 78-82s. A reversion bounce like this is expected after an extreme volatile move to the downside yesterday. However, safe to assume this will be a trader's market which will take some time to resolve unless proven otherwise. What does that mean? Unless daily trend is flipped decisively, will remain a rotational/value developing environment.

One of the most important decisions you can make in life is deciding who you let influence the decisions you make. Choose wisely.

Well, most of that left scenario just happened in…..a session or two lol twitter.com/Stoiiic/status/201...

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