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Hey, I heard that there can only be 21M bitcoins and that's why they are worth so much and will likely go to $200k! Oh man, I just had a thought, why don't we trade anything that's limited in quantity, for example comrade Lenin's pubes :confused:

Bro, does this look like H&S in the making?

Kudos on having profited from the mania, but this is another .com situation, likely much worse IMHO.

See ya. Not a trade call, just my personal view based on what I am seeing in the chart as well as disbelief in the whole concept as it is currently. https://www.independent.co.uk/life-style/gadgets-and-tech/elon-musk-bitcoin-crash-tesla-cryptocurrency-b1846650.html

I shouldn't have typed bear trend, but substantial further decline. This is an interesting chart of Wiltshire 5000 market cap $42.2T It added around 27% pre-covid to now, and that's in a space of 1 year, that's mental & probably unrealistic to expect to keep on advancing. When world of finance...

This is a major interest area, if we fall through this area then Nasdaq IMO is in bear market territory.

Long NQ 12994 Stop 12955 Target 13280

This talk about stops reminded me of a dude I knew years ago, when he was out drinking he would ask women, who appeared to be single, whether they were up for some fun, no small talk, straight in for the kill, most would tell him to F.O., I wouldn't be surprised he got some slaps too, but there...

Stopped

VIX had a hell of a trend day, but I see it tanking now.

Treble hold, climb man!

Happens to everyone bud. That is why I don't favor targets beyond first obvious zone of interest, often between 38-50 fib of range I'm trading.

Long NQ 13002 Stop 12970 Target 13200

Thanks! I'm not into top or bottom calling endeavours, just when you see what I spotted on daily and the charts being this extended following the pandemic major dip, you sorta scratch your head and think to yourself - I think this could be at least an intermediate top.

That's true!

I TRY to have a different approach, I either want to be stopped out or exploit full profit that I set rather conservatively after having analysed the range I am going for. Of course that part is subjective, but in my opinion it is conservative, basically next area of confluence.

Did you normally have a target zone when you enter a trade? I'm asking because some don't have a target, they tend to go with whatever the 'market offers'.

I think it's mostly about doubt. It varies from person to person. I do have this habit of being able to come up with a solid plan, take action and then IF I I dare start looking at intraday price action, I start getting doubting thoughts in my mind. Best solution is always a bespoke one and for...