2022-10-02 10:16:34
I'm just favoring the 5-wave down scenario due the macroeconomic/fundamentals. Inflation will remain pretty high for the next 6 months minimum.
Even though I'm a technical analyst relying mainly on Elliott Waves, I do not neglect fundamental and macroecomic events while doing my analysis.
My background is Economics (BA) and Finance. I was actually excelling in Macroeconomics. Just loved it but as a trader, it's not helping that much I have to say. I'm very orientated into short term plays.
You should also keep in mind that financial markets are based on emotions and we could get some interesting reaction rallies despite having terrible fundamentals.
What's important to keep in mind in that we in a BEAR Market.
BEARS markets are great to acquire trading skills.
Most of you have joined the Crypto space in 2020 with the idea of getting great potential gains. Then you probably turned to trading at some point.
This is pretty much what happened to me in 2017/2018. I got a massive interest into Crypto. I thought I would do a10x on my investment. It turned out to be a massive disappointment with a lot of losses.
Trading was the only option left for me. I then really acquired my trading skills during the following 2 years 2018 and 2019. It ws more a hobby at that time but I was still trying to take it seriously. I was still running my other business at that time.
At the end, I managed to survive the game and I also acquired the right trading skills/mindset. This is when I went Full Time. 3 years later.
It's now more than 5 years that I'm trading and I feel that my trading career is just starting to be honest. I feel I have so much more to learn.
Just keep hope because I'm not clever than you. Trust me. I just worked hard to get where I am now.
367 views07:16
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