. . . And, Instead Observe What's 'Normal' for A Market
The Bitcoin Market continues on it's way to greater highs. But, most of the headlines these days concentrate on the pullbacks in price.
One I read a few days back stated that the price of Bitcoin 'Plummeted' by $1,000 over night. Well, that sounds impressive and dangerous until we take the time to examine this market for ourselves and ask the critical question "What is a 'normal' pullback?".
I created the chart above so that we can quickly determine whether the recent pullback in price qualified as a 'plummet' or not. Also, it's a gauge of what to expect in the future for this market.
What I'd call your attention to is that, for the Bitcoin market, 50% pullbacks are 'built into the cake' or a normal price retracement.
So, that being the case, the recent 25% pullback is hardly worth considering relatively. After all, we are talking about an $11,000 product here and the $1,000 'plummet' in price as written in the recent headline is less than a 10% pullback in price. Not 50%, 35% or even 25%; just a 10% move.
This type of analysis is well-advised for any market a trader or investor is interested in. This way, you'll immunize yourself from emotional headlines designed to create panic in those who are less-informed.
The main point I'm trying to convey in this post is that one needs to take in the proper perspective of the particular market you're following. Examine it's normal volatility and use that information to better lower your risk and time your trades.
Yes, you'll have to have something special in your corner to catch major profit moves like this. Something 'they' (your competitors and the misinformed masses) don't have. You need techniques that aren't public knowledge to the big traders. This is where your profit edge over average traders can be found.
That's exactly what our specialty is here at WDGann-Lost-Secrets.com.
After some feedback from my valued students/clients, I've reconsidered my earlier decision to stop publishing additional discoveries and trading methods that I've gathered over the last half Century. I'll reserve just a couple techniques as private but, will release additional WD Gann discoveries and a few other valuable, researched techniques
Present Market conditions and opportunities are practically begging for a better set of price interpretation tools, and, especially those which have worked in the past in real time and historically and, are still working today.
Those familiar with my work know that I only release trading methods that have Universal Laws at their core. Laws that never go out of style or fashion and which will be operable in any time frame or under any market conditions.
In light of that, I'm presently working on releasing a Course that reveals a technique I discovered over 30-years ago, that's focused around the very idea discussed in this article and will draw on a technique I used decades back in my International Newsletter (The CMR Report) to help clients catch and profit from the 1987 Stock Crash. One reported making over $87,500 in a week's time from that event using the forecast I provided using this technique for the S&P 500 Stock Market Index.
I think market conditions are ripe for finally releasing this trading approach and to make this proprietary technique available to a very few traders so that present markets can be better taken advantage of by students and clients.
*** If you're interested and would like to be put on the Limited Release List for this Course, drop me an e-mail. I expect to have this Course available by the first of the New Year, and, perhaps even sooner.
Contact me HERE. - George