Bitcoin 10,000 USD or even 7,500 USD And Still a Bull Market

in #cryptocurrency7 years ago (edited)

Paul Tudor Jones says, “The whole trick in investing is: ‘How do I keep from losing everything?’” To which, he said he would advise investors to “to get out of anything that falls below the 200-day moving average.”

Jesse Livermore realized that Turkey’s consistent message was that the big money was to be made not in trying to trade small moves on the tape but to catch the major trend.

“Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks. Then get out of all your stocks; get out for keeps! You have to use your brains and your vision to do this; otherwise my advice would be as idiotic as to tell you to buy cheap and sell dear. One of the most helpful things that anybody can learn is to give up trying to catch the last eighth-or the first. These two are the most expensive eighths in the world.”

With this step in place, Jesse Livermore’s trading philosophy was complete.

  • I refined that a bit and have my own signals and MA. The thick blue and green line no matter the time scale is my signal line.

  • Bitcoin is still boss and not to mention all boats rise and fall with the same tide.

  • I suspect some insane numbers in the Token arena with a Total Market Cap: $53,235,991,142 (50 billion)right now is peanuts considering there's about Total Market Cap: $75,000,000,000,000 of global equities

  • The Total Market Cap of the crypto coin arena: $513,839,611,420 (500 billion) is peanuts considering the amount of fiat around the world........that is simultaneously someone else's liability.

  • What we're witnessing is a good old fashioned bank run right in front us and only .01% of the population (75,000,000) can see it. The remaining population will get in line at the bank, when panic comes in fashion, at the very top, only to watch their dreams come to a halt.

  • Ya there's all kinds of fancy stuff, but the MA is boss.

  • My MA is boss, no indications of a time to panic in the Crypto, however, I probably would be concerned if I got in at $20,000 USD, but then again you don't put your whole life's worth into something.

  • Critical point - there's always a retest of the previous high, if $20,000 USD was the high.

Bitcoin 10,000 USD or even 7,500 USD and still a bull market.jpg

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Yup - I have been telling people these for months and I'm gonna say it again in about 30 minutes on my music and money radio show! :-)

ya going to watch

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