ntron
Ausbildung

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/6a00d8341c7ae753ef01348518e964970c-pi

The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. https://www.babypips.com/learn/forex/summer-school#elliott-wave-theory

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!
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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!
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