Right now there are people making and losing massive amounts of money in Bitcoin. The people who think like sheep and chase emotion are getting run over, and the people who understand mass market psychology are cleaning up!
My goal with these blogs and videos about Bitcoin trading is to help people learn to think and trade like a professional so they can make smart investment decisions. Click here to learn the basics of day trading that will help you in stocks, futures, and Bitcoin.
So far I'm 3 for 3 with my Bitcoin predictions. And I don't say that to brag or lead you to believe I'm some market wizard – I just understand what's happening with Bitcoin right now, and want to show people how to predict panic and greed in the market. It's virtually impossible to know what any government or public figure will do or say, which is why it's so volatile right now.
Last night around 1:00 AM CST I started to buy Bitcoin around the $520's. As the panic went parabolic to the downside, I scaled in more and got an average price of $502. In less than 12 hours, Bitcoin went to hit my short term target of $600, or about a 20% gain. In addition to subscribing to my YouTube channel, make sure to follow me on Twitter and Tradingview.com where I'm live tweeting all my Bitcoin trades, and posting real-time charts.
Here's a chart showing where I started to enter Bitcoin, and how it bounced right off my support level that I had pulled up a couple days ago. It doesn't matter what news pops; it's all about understanding where people will panic out of their trades and take the other side for profit.
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