My primary 1-2-1-2 BTC Nano Count was invalidated today after the market wiped out my stop. This is why we practice strict risk management. Presumably, the market reacted to a single post by @cointelegraph claiming that a BTC Spot ETF was approved. It's beyond me how a single post cold illicit such a response, especially with no corroborating evidence. It also doesn't explain … [Read more...] about BTC ETF Fake News
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Basic Market Structure
In it's most basic form the market moves in a series of 5 wave patterns. Waves 1,3, and 5 are motive waves and waves 2 and 4 are corrective waves. It is important to note, that the market is its own organism. It is a direct result of human psychology. While "the news" undoubtedly has an effect on the ups and downs of human behavior, it does not drive the market. When humans … [Read more...] about Basic Market Structure