BC TA

Materials I studied for hundreds of hours before I became consistently profitable as a day trader - a thread:

1) Understand how supply and demand zones work (applicable to all timeframes) https://t.co/aIDm7JbqxL
2) Learn how to identify the pivot points to identify high probability entry and exit zones https://t.co/EOV8S0qzNi
2.5) Watch one more video to really nail in how to draw supply and demand zones https://t.co/XhKNOcmWJ2
3) Understand how supply and demand zones work with major support and resistance levels (yes, they are slightly different) https://t.co/AX1utJnkEW
4) Review a written summary guide to further enhance understanding (and see it as an image rather than a video in action) https://t.co/ia6BV4Y2ql
5) Review any of @maplestax annotated charts, @RHODESA_ twitch streams, and @RocketCatchnBob twitch streams
6) Review charts of trades you either did or didn’t make during the day and draw out where you think supply and demand zones are. See if they would have been profitable or not.
7) Last, respect the stop loss at the bottom of your zones and TRUST YOUR CHARTING. Have conviction.
8) Okay this is the last thing, tape this to your body and at all times RESPECT RISK MANAGEMENT.
9) Read this article (my small cap bible), understand the concepts, and then implement said concepts into EVERY SINGLE TRADE.
https://t.co/VrdX0GViIb

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.