BTC.charts on Nostr: #Bitcoin is the base currency in the BTCUSD pairing. The price between the two ...
#Bitcoin is the base currency in the BTCUSD pairing. The price between the two changes in the ebb and flow of the market.
For those who observe, understand and chart #ElliottWaves along with other indicators of market structure, for example the 200 EMA on a Day chart, would have had a good indication that the price of #BTC against $USD was about to have a correction when the price moved below the 200.
Waves move in a 1-2-3-4-5 ABC pattern. Now, (so it appears) beginning to unfold into wave 3. Which will in time move to a new ATH.
Then a wave 4 retracement will begin.
Like the progression of walking. One foot forward, one back.
For most, hodling BTC is the best choice.
For others, trading the ebb and flow is a way to consistently grow their account, no matter what direction the market is unfolding.
A good trader could turn turn $1000 into $10,000 in one year. A better trader, $100,000.
And the best traders, just trading the BTCUSD, 1k to 1M in 1y.
It's called exponential growth. What Einstein called the greatest power in the universe.
For educational purposes, I'm charting and posting the unfolding of the BTCUSD market, for anyone who is interested.
For those who observe, understand and chart #ElliottWaves along with other indicators of market structure, for example the 200 EMA on a Day chart, would have had a good indication that the price of #BTC against $USD was about to have a correction when the price moved below the 200.
Waves move in a 1-2-3-4-5 ABC pattern. Now, (so it appears) beginning to unfold into wave 3. Which will in time move to a new ATH.
Then a wave 4 retracement will begin.
Like the progression of walking. One foot forward, one back.
For most, hodling BTC is the best choice.
For others, trading the ebb and flow is a way to consistently grow their account, no matter what direction the market is unfolding.
A good trader could turn turn $1000 into $10,000 in one year. A better trader, $100,000.
And the best traders, just trading the BTCUSD, 1k to 1M in 1y.
It's called exponential growth. What Einstein called the greatest power in the universe.
For educational purposes, I'm charting and posting the unfolding of the BTCUSD market, for anyone who is interested.