Quick Update: Bitcoin – Still Not Fully Convinced, But Ready To Pivot
This was always going to be a PIVOTAL move, so one side was always going to end up winning and it would be dramatic
No side won yet, so we haven't got the drama
When one side gives in, you will know
The market wanted to close the monthly and quarterly the way it did yesterday. I am going through all of those signals now and will report back soon on that.
For now, I wanted to show that this still has potential to turn back down
Price is hitting the 50 day SMA - getting above it for a third time should send this up higher. Rejection obviously leads to now lows
LMACD could puke back down (kinda looks like it will) or cross bullish and move about the zero line
RSI is close to making it above 50, but is also hitting a lost uptrend support line turned resistance
Still hard to flip bullish, but getting closer to having no choice but to do so
Overall, if this reverses higher I see two things: It will be short-lived and won't be new ATHS, altcoins are going to rip higher as a contrarian play
If we reject, it all goes to hell as I feared
I can't in good faith yet say go long or buy, knowing the risk. Yes will take a loss on a short. Yes, we will be missing some gains on the buy/long. Both are normal parts of trading and investing and we have to accept it and move on
In fact, that's an important part of this, is our relationship with money
I was having this convo with my nephew this morning. Stating that I didn't start REALLY making money until I stopped giving a shit about it
I spent it with the thought process, its only money, I will just make more
I stopped hustling for it and working as hard, and wildly I made more money than I ever did
I stopped caring about losses, and stayed laser focused on making the wins that matter
For you to succeed in markets, this is required of you. And personally, I think it will help you in life
Manifesting money isn't about saying "I want to make more money, give it to me universe" You have to live and feel the manifestation
Someone in my X comments trashed me compared to Saylor saying I am not a billionaire. My response is that I am not a billionaire YET
Will I be? Who knows. Probably. I don't care that much. It will come if it's meant for me. Living the life I want and not worrying about becoming a billionaire is more important to me. And because of that, I have more of a chance of becoming a billionaire than most