I Just Told My Son To Buy More Bitcoin
For whatever reason Bitcoin crashed $3000, the name of the game is to buy low and sell high. Today was a great lesson for me to share with my son. I actually thought he might of sold his $100 in Bitcoin or wasn't going to buy anymore, ever...but he actually surprised me when he said he bought more. I'm not sure if our conversations about Bitcoin is starting to pay dividends, but was happy to hear him tell me he had already did buy more Bitcoin.
https://cointelegraph.com/news/bitcoin-price-suddenly-drops-11-as-whales-move-btc-to-exchanges
https://www.coindesk.com/3-reasons-bitcoin-crashed-by-3000-and-why-its-still-bullish
https://www.marketwatch.com/story/bitcoin-price-plunges-over-10-to-stage-thanksgiving-correction-11606406576
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium. Weekly Charts (trend time frame) – which represents the concession stands looking down at the field. Daily Charts (entry time frame) – which represents being on the football field with the player. 4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
