Bitcoin 144 Day EMA Daily Support

Yesterday I was going to go all in, I didn't.

Here's why .

A couple of days ago I was listening to an interview with Kyle Bass...........He told a story of a disastrous trade gone wrong. He had everything correct but the timing was wrong and lost everything.

A couple of decades ago, I put it all in , I was correct, my timing was wrong, minutes actually .......... I lost everything. I was in my early twenties, lost 100's of thousands. Left the big city with $60.00 in my pocket. If that trade would have worked out....... it would have been millions.

I was ten feet tall and bullet proof. Eventually I would have gotten burned. Sometimes you need a shot between the eyes to wake you up.

For all the young people out there. Risk management is #1.

As I have always said...... The same as Kyle........ that experience was the best thing that happened to me.

Here's why.

Your not correct 100% of the time. Timing becomes an addiction....... Putting all the chips on the table might work once - twice - three times........

Eventually ........ your going to get burned.

If you've been reading my content, you've probably noticed I use Fibonacci a lot...... that's because it's the golden rule.

For whatever reason 144 is a big number....... most of the time, not 100% of the time.

Control your risk..... risk management is #1. Everything else comes after.

Yesterday seemed like a sure bet and it was a sure bet at the time to put all the chips on the table. I would have made mega mucho dinero.

There's always that one time that nails you between the eyes

The charts below indicate with dotted lines the EMA 144 as support.

Cheers,

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