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Today I found the nice price action model which can explain why this level could be the reversal point.
You know me as a trader, but at the potential bottom of the bear market I want to fill my bag with Bitcoins and the trade altcoins to BTC.
Today I saw the Bitcoin strength and now suppose that we will see $49-50k first before the drop.
Also I pointed out that the countertrend line breakout is vital if we want price to reach the target of $35000 (Fibonacci golden pocket).
This article I want to dedicate to my fatal psychological mistake. I am not going to tell you that everything is ok every time.
Yesterday I told about the conditions to execute the long trade to take the potential bounce. Today the BTC met all these condition and I bought it again.
3 days ago I waited for this local correction. As you can see the lowest point of BTC price was exactly at the Fibonacci golden pocket ($44500).
I bought it for 10% of deposit and with the rest part trade altcoins. Of course the bear market will continue but the first features of potential bounce appeared even
It is extremely strong bearish sign. But to short the market is much more difficult to go long because of higher volatility on the tops than at the bottoms.

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