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Cable Update (GBPUSD)

  • #768,241
  • Aug 18, 2023 5:41am Aug 18, 2023 5:41am
After inviting people to buy Bitcoin, Musk sold a huge amount of his Bitcoins.
Why now?

Bitcoin should go to 500.000$ right?
  • #768,242
  • Aug 18, 2023 5:42am Aug 18, 2023 5:42am
Quoting Yngwie
Long 1.2709 SL 1.2700
Enough 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #768,243
  • Aug 18, 2023 5:43am Aug 18, 2023 5:43am
In short 1.2730....tp-1.2634

Don't see bulls making any move today
  • #768,244
  • Aug 18, 2023 5:48am Aug 18, 2023 5:48am
Quoting TheWraith
After inviting people to buy Bitcoin, Musk sold a huge amount of his Bitcoins. Why now? Bitcoin should go to 500.000$ right?
Bitcoin $ value is irrelevant. Adoption is key.
Emotional Control. Process, not outcome.
  • #768,245
  • Aug 18, 2023 5:49am Aug 18, 2023 5:49am
GU 1-hour and daily, long ends at center BB. Wait for the chance to aim short.
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  • #768,246
  • Aug 18, 2023 5:56am Aug 18, 2023 5:56am
mmmm turned away for a bit and now looked ... some good quick buys and sells in there. I hope some people were grabbing them.
Real Trading is not gambling.
  • #768,247
  • Aug 18, 2023 5:58am Aug 18, 2023 5:58am
Quoting Konichiwhaat
{quote} Bitcoin $ value is irrelevant. Adoption is key.
With various governments looking to adopt crypto currencies of their own, this space is about to change in a big way!
A couple of key variables that appears to be on the table for all government crypto is the government has stated that it intends to:
-give itself the right to devalue or eliminate an individuals holdings,
-give itself the right to dictate what the crypto can and cannot purchase,

Then there is story that the US government told Meta not to create their own crypto.

This space will continue to get interesting!
  • #768,248
  • Aug 18, 2023 6:00am Aug 18, 2023 6:00am
In down move on htfs since middle of last month. I hope people have noted that.
Real Trading is not gambling.
  • #768,249
  • Aug 18, 2023 6:02am Aug 18, 2023 6:02am
Quoting Whale
Long {image}
seems i fall into a trap.
will keep it till sl.
  • #768,250
  • Aug 18, 2023 6:05am Aug 18, 2023 6:05am
Quoting dantpm
{quote} With various governments looking to adopt crypto currencies of their own, this space is about to change in a big way! A couple of key variables that appears to be on the table for all government crypto is the government has stated that it intends to: -give itself the right to devalue or eliminate an individuals holdings, -give itself the right to dictate what the crypto can and cannot purchase, Then there is story that the US government told Meta not to create their own crypto. This space will continue to get interesting!
Have owned bitcoin since 2016. I will never sell it or "exchange" it to any fiat unless I really needed too
Emotional Control. Process, not outcome.
  • #768,251
  • Aug 18, 2023 6:06am Aug 18, 2023 6:06am
Quoting dantpm
{quote} With various governments looking to adopt crypto currencies of their own, this space is about to change in a big way! A couple of key variables that appears to be on the table for all government crypto is the government has stated that it intends to: -give itself the right to devalue or eliminate an individuals holdings, -give itself the right to dictate what the crypto can and cannot purchase, Then there is story that the US government told Meta not to create their own crypto. This space will continue to get interesting!
yes apart from the silly fools who trade crypto's as if they are real, there's those fools who think their chart is all knowing and all seeing.

People who study trends are a different breed to other people who only study charts and their trends and believe it's enough.

BUT interesting is not always a word I would use IF one bothers to see the trends to their natural conclusions.

And again, we shall see if you the general public are willing to pull your heads outta your arse and look at what goes on.


Peter
Real Trading is not gambling.
  • #768,252
  • Aug 18, 2023 6:08am Aug 18, 2023 6:08am
Quoting Konichiwhaat
{quote} Have owned bitcoin since 2016. I will never sell it or "exchange" it to any fiat unless I really needed too
you're operating under the assumption you will definitely have a choice in coming future years. Just saying.
Real Trading is not gambling.
  • #768,253
  • Aug 18, 2023 6:13am Aug 18, 2023 6:13am
Quoting PeterCaleb
{quote} you're operating under the assumption you will definitely have a choice in coming future years. Just saying.
Banning Bitcoin like banning Gold in the past?

Well, in that case, one should definitely have Bitcoin because we all know what happened with Gold in the past, it was illegal to have it and then price went bye bye.
  • #768,254
  • Aug 18, 2023 6:14am Aug 18, 2023 6:14am
Quoting cablekingdom
In short 1.2730....tp-1.2634 Don't see bulls making any move today
Added short...1.2710...tp-1.2620
  • #768,255
  • Aug 18, 2023 6:16am Aug 18, 2023 6:16am
Quoting PeterCaleb
{quote} you're operating under the assumption you will definitely have a choice in coming future years. Just saying.
Noted
Emotional Control. Process, not outcome.
  • #768,256
  • Aug 18, 2023 6:19am Aug 18, 2023 6:19am
Quoting Whale
{quote} seems i fall into a trap. will keep it till sl.


Onto next trade.

40m for hourly close, important one for both sides
  • #768,257
  • Aug 18, 2023 6:19am Aug 18, 2023 6:19am
Quoting TheWraith
{quote} Banning Bitcoin like banning Gold in the past? Well, in that case, one should definitely have Bitcoin because we all know what happened with Gold in the past, it was illegal to have it and then price went bye bye.
hehehehe oh wow. No. Try thinking real world not "how do I fill my pockets with profits" type of thinking.

Re-read this post of dantpm THEN go search out central banking digital currency.

You people need to stop thinking you're the center of the universe.
Real Trading is not gambling.
  • #768,258
  • Aug 18, 2023 6:21am Aug 18, 2023 6:21am
Quoting donfriday
friday 25pips day dont be greedy size up from tuesday size down after thursday
OOPS! I already exceeded the Friday allotment!
Looks like some other traders will come up short. MY bad.
To free Gazans of Hamas, use whatever it takes.
  • #768,259
  • Aug 18, 2023 6:28am Aug 18, 2023 6:28am
Quoting PeterCaleb
{quote} hehehehe oh wow. No. Try thinking real world not "how do I fill my pockets with profits" type of thinking. Re-read this post of dantpm THEN go search out central banking digital currency. You people need to stop thinking you're the center of the universe.
I knew about CBDC's long before they appeared in main stream media.

It's not about filling my pockets so much as to reflecting on what happened in the past. History repeats itself.
  • #768,260
  • Aug 18, 2023 6:31am Aug 18, 2023 6:31am
Does any one know of a corrective pattern as in the photo, triangles are supposed to have 5 waves but i keep seeing these three wave patterns breaking up or down?

Double 3 elliott wave perhaps?

Found several today


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Follow The Markets Structure - Patience and Discipline
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