Emotional Market Cycle

BITTREX:ZCLBTC   Zclassic / Bitcoin
ZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. http://wallstreetjackass.typepad.com/.a/...

The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. https://www.babypips.com/learn/forex/sum...

The bust culminates in a 3 wave correction down to the vicinity of where it all started.

If you can identify these patterns in the markets and learn how to trade them, your future is going to be golden. Never stop learning and most importantly: do not blow up your account! You will makes mistakes along the way, so make sure you can make enough mistakes to master the game. Mistakes are essential, because that is your only way to learn.
Kommentar: Goddamnit, I wish I would trade my own ideas from time to time ;)
Wow! You called it. I am reading Elliot Waves book now. Can't wait to be at your level! Happy New Year!
ntron millitrades
@millitrades, Happy new year to you, too! With regards to the chart, pure luck my mate! I have come to the conclusion that no one can reliably predict where a market is going, unless you have the funds to move a market (eg you are a gigantic whale). Most people will surely fare way better by having a diversified portfolio of coins that is rebalanced regularly instead of trying to day trade. Not saying day trading can't be profitable but it probably is not the right thing for the majority of investors. Stay safe bud!
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden