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Question.
Your Total Trading Portfolio is 100K.
You predict a stop loss of 5% is right for this market.
You only want to risk 1% of your Portfolio per trade.
What is your Trading Size?
Top Coin retweeted
Rule #1: never buy the first bounce
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The market will bottom when we get more bearish news and the price doesn't dump.
That's the most precise indication of a Bottom. Not buying alts till then.
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Date shows that 43 companies or institutions, including Grayscale, hold 1,225,600 bitcoins. Since the Fed announced a rate hike on May 4, these bitcoins have fallen by more than $12 billion. Bitcoin held by 12 institutions, including Tesla, is in the red. oklink.com/en/data/instituti…
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The arguments for 25K:
- Meeting the Gaussian Channel
- Meeting the 4 year MA
- Meeting the lower channel of the LGC
- Measured target for a head and shoulders [on shorter term charts]
- Measured 50% real retracement of the recent parabolic spike.
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I am giving away a year long Glassnode subscription!
All you have to do is:
- Like/RT this post
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Comment when finished! Winner will be selected Saturday.
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Industrial Age: make yourself redundant, you’re building a turn key production machine.
Information Age: make yourself valuable and scale yourself, you’re building a personal brand.
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My Advice for those entering Adulthood:
1. Focus your Energy
2. Guard your Time
3. Train your Mind
4. Train your Body
5. Think for Yourself
6. Curate your Friends
7. Curate your Environment
8. Keep your Promises
9. Stay Cheerful & Constructive
10. Upgrade the World
Good Luck!
#Bitcoin closing today as a green candle would be the 7th consecutive positive day - this would confirm a bullish turnaround.
If #Bitcoin daily close is green today, this would be the fifth green candle consecutively.
Last time this happened was before breaching $60k.
Time and time again, the best way to beat the market is to be greedy when others are fearful and to be fearful when others are greedy - Michael Saylor at #MicroStrategy is doing just that.
#Bitcoin
Remember; no matter how desperate the situation seems, time spent thinking clearly is never time wasted.
- Max Brooks
#bitcoin
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Big News: El Salvador 🇸🇻 announced that they will make #Bitcoin legal tender and have bitcoin in their reserves.
BREAKING: El Salvador's President Nayib Bukele is making #Bitcoin legal tender













