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RE: BTC – Elliott Wave, Price Targets, and Chart Patterns – PLUS: A FRESH Chart-Cast VIDEO overview!
Thanks for the analysis. I’m more accustomed to using TA in trading stocks vs Elliot Wave, but following what you’re saying. Do you trade stocks too? Or just crypto?
At this stage, I mostly invest in a wide range of asset classes for the preservation of capital, purchasing power, and income. These days I typically shy away from "trading" per se. However, I still like to read charts and provide technical interpretations of the price action. In a small but meaningful sense, I have found that "not" having skin in the "trading game" tends to keep my analysis more objective vs. biased to a particular outcome that I might personally profit from.
I've not been an active trader for over a year for much the same reason...preservation of capital.
Sitting on the outside has also helped me be more objective with the market movements....but as you suggest, I could stand to diversify my investments a bit more.