Playing Chess against the Market |
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meant to add to today's analysis: if we want to see repeated tests of range highs, and a potential breakout thereafter - first sign of strength would be reclaiming this 1H 200MAs trend
market is giving you an opportunity to tend to other things in life that you may have neglected a bit during the euphoria - when opportunity cost of looking away from this market was too high instead; you guys are chronically online, indulging in CT drama. bros, do better.
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a very simple rule when it comes to Technical Analysis: If you ever find yourself adding new indicators for “confirmation”, looking at obscure data that you usually don’t check, or using someone else’s thoughts to justify your positioning; 𝑦𝑜𝑢’𝑣𝑒 𝑎𝑙𝑟𝑒𝑎𝑑𝑦 𝑙𝑜𝑠𝑡.