RE: Missed out the train on BLK and XRP? Want to know what could be next? Read on.
Great post man! love it... I like the way you explain it out... you don't try to impress and confuse with a bunch or trader jargon like C.P. and Ivan tend to...( I guess they purposely cloud what they say to protect their "paid signals" business) Thank you for speaking plainly and clearly... it is a refreshing change to what you see everywhere else! as for fundamentals...... In my experience... from a trading perspective... fundamentals cloud ones judgment... they make you stay away from potential good profits...and also can make you hold a coin longer than the market indicates...Fundamentals are for long term investors... you look at them when you plan to buy and hold for a long time... But if you are trading daily... you should just stick to the chart analysis because it is rooted in human emotion... not coin fundamentals.
Thank you for support, I firmly believe that most of that talk is a smoke screen to cover up that this is essentially pattern recognition in relation to arbitrary scales and not that hard to learn and utilize if motivation and time are present. And I emphasize arbitrary, Fibonacci, fractals and other systems based on pure mathematics are unable to, well, mathematically predict living world. They can, however, provide framework for us play within. Some hard rules exist, such as buy on red and sell on green, but everything else is subject to pattern recognition and how one is good at it when judged through time. Hope this makes sense, all I want to say that when one looks at what indicators actually indicate it is often simple concept. It is chaos theory at work in human systems that messes with its implications and that is where that mythical "feel" for it comes; understanding the concepts and being at them long enough for your brain to rewire in way suitable for recognizing that patterns.
I do not want to limit myself as day trader or hodler or anything in between. I believe that profits are to be made on all levels and to be master of the trade, one has to know as much about as one can about all aspects of it. I want to have system that will bring me consistent money on short, mid and long term.