It’s worth saying separately to those people who don’t really understand much about the market yet, and therefore from their mouths you often hear phrases like “well, it’s clear—either up, or down”…
The point is that the market is a story about probabilities that are supported by charts and historical levels, where sellers and buyers are reflected, as well as about your level of knowledge that you use in a simple formula for calculating risk-to-profit.
So you should keep several possible scenarios in mind and understand exactly what you will do in each case.
Here’s an example of today’s reality: where, for instance, $BTC suddenly put in the bottom and won’t update it.
Then we may assume that at the top we have targets of 161.000 thousand and then 207.000.
In all this movement, as you understand, there will be corrections, and so on.
And there’s another scenario, where we update the low on some serious data, and then we still go on to break the highs.
But there’s also one more—because we have experience with Covid; there are nuclear threats today; the U.S. has debt; there was September 11, and so on.
What numbers might we see under such conditions?
Now it’s clear how professionals in the market work, and why traders like that always say, “either up, or down”? $VTHO
The point is that the market is a story about probabilities that are supported by charts and historical levels, where sellers and buyers are reflected, as well as about your level of knowledge that you use in a simple formula for calculating risk-to-profit.
So you should keep several possible scenarios in mind and understand exactly what you will do in each case.
Here’s an example of today’s reality: where, for instance, $BTC suddenly put in the bottom and won’t update it.
Then we may assume that at the top we have targets of 161.000 thousand and then 207.000.
In all this movement, as you understand, there will be corrections, and so on.
And there’s another scenario, where we update the low on some serious data, and then we still go on to break the highs.
But there’s also one more—because we have experience with Covid; there are nuclear threats today; the U.S. has debt; there was September 11, and so on.
What numbers might we see under such conditions?
Now it’s clear how professionals in the market work, and why traders like that always say, “either up, or down”? $VTHO
