Oddbean new post about login | logout Is anyone sharing technical analysis/price analysis on BTC without being biased on selling courses? Tag them if you have anyone in mind ☺️ #asknostr
No one. Technical analysis exists only to make you look smart so you can sell courses and memberships. And of course if you get through it all, you either give up because it is too hard, or start selling courses to fund your ability to continue in the hopes you will get it.
Patters do exist though. Especially when you understand that bitcoin follows a power law. https://m.primal.net/Kfgz.png
I didn't know you're into trading as well!
Oh, I’ve been into this for a few years. I’m a long term trader for sure, and bitcoin is the one thing to do that with. I was coached by Justine Williams (the legendary Bill Williams) over at Profitunity for a few years. We trade using Elliot wave and fractals. The best way, as bitcoin and all of human nature are fractals
That's awesome! I used to trade Forex but paused as I needed my sanity back 😅 I started trading in 2019 on and off. Reading charts is much easier to my psychology than trading. Regardless, I still find trading extremely fascinating
Life in itself is trading! It’s the ebb and flow of everything
Huh! I never thought of it this way..
It’s the way! I highly recommend reading “scale” by Geoffrey West. Really simple read but profound https://youtu.be/ncDE_V5RAQc?si=HRJxSWEUZFe0JFj8
nostr:nprofile1qqswg9rdr4lm9alku6eu0x02a2ax7azxl55ve639jfn3ev3e5yl5mqgpz9mhxue69uhkummnw3ezuamfdejj70wa84f got good ta too
Here is my technical analysis. Institutions are driving down the price. So that way they can buy the dip. The vwap is holding steady and whales are on a feeding binge to stock up on BTC ahead of the US elections. It is showing a previous pattern for a bullish outbreak which will probably happen in October. If you can buy some discounted sats and continue to hold. You'll be solid.
Technically…number go up. Power Law seems to fit very well. https://charts.bitbo.io/long-term-power-law/ Bitcoin isn’t something you should trade. Just like trading in and out of Argentine pesos or Zimbabwe dollars is a losing bet, so is trading in and out of any other Fiat. Get rid of Fiat, buy Bitcoin…it sounds too simple compared to what we grew up with, but there it is.
