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'Someone asked me to analyze $XEC and here it is It's not a nice chart The price did nothing but fall after the 2021 bull market without having signs of recovery. The upward movements it had were all manipulative movements used by whales to take liquidity from key levels such as -market imbalance -order blocks -side liquidity How do you understand that they were all manipulative movements and not movements of a healthy token? From 2 things: 1. They didn't change the structure. There was no change in the directionality of the price. 2. They leave candles with big shadows We can also notice how this token did not move along with the rest of the market when Bitcoin and many Alts began to pump following the ETF narrative on Bitcoin started by the fake news of the approval in October 2023. ' This is the kind of stuff that you can find and ask me if you follow me on X @TznDayTrader on X 🤝
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Do you see the differences? On the one hand we have the traditional system, represented in this image by the G7. It is not a recent photo as you can see, the most attentive of you will have recognized for example Boris Johnson (former UK premier) or Mario Draghi (former Italian premier and former president of the ECB). On the other hand we have a set of processors that mine Bitcoin. The specifications are not important here, I'm not an expert in bitcoin mining either. The importance is knowing how to choose your own destiny. As much as I think that each individual can choose which weapons to fight their future but not be completely the architect of their own destiny, as life is made up of a complex set of events even beyond our control and those who think they are the master of their own destiny will soon incur errors (read the book 'The Children of Hurin' by Tolkien and you will understand much more). So choose how to deal with your destiny, choose what you think is best for you and for the people you love. Because yes, money in the society we live in makes a difference. Having or not having money means having or not having the financial freedom to change jobs and finding something better, it means being able to raise your children better, it means not surviving but living, it means being able to help your family, it means affording to buy the food you want, the house you want, the car you want. In some countries, having money also means being able to afford medical treatment. So yes, choose what you think is fairer and safer for you. You can't stop Bitcoin, it will always be used more and more widely. And since it was born it grow despite the bear markets. Bitcoin is scarce, it is defined at 21 million, it is free from political and economic barriers, it is a 24/7 open market. Fiat currencies are unlimited, they suffer inflation, they suffer the political and economic choices of their countries. But above all,Bitcoins you have on your Wallet are yours, you don't have to ask anyone to use it. Are you sure the money you have in the bank is really yours?
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Do you want to become a good trader? Do you want to become skilled in the financial markets? So get ready to face the most difficult challenges you've ever faced. Becoming a profitable trader requires a lot of time and above all many sacrifices and effort. You know that saying 'trading is 10% technical and 90% mind' ? It's all true. You can study all the technical strategies in the world but if you haven't learned to face yourself, if you haven't learned to know your mind and manage emotions, it won't help you. And do you know what the secret is to learning to know yourself? To make a mistake Make mistakes and get up after every mistake aware of the fact that everything is needed to learn. You never really make mistakes until you learn the lesson. Make mistakes and learn to feel how your mind reacts to that mistake. Be wrong and try to understand what kind of person you are. Are you scared? Are you angry? Are you sad? Have you lost hope? Do you want to quit? After emotions like these, it could seem like you haven't achieved anything. And instead you're wrong. This is where you get to know yourself and understand how you're reacting. And once you know how you are reacting you can change this behavior. You can learn how to manage it. And here comes the difficult. It's not easy to learn how to manage your emotions. But it's essential to do it. Be a better person to be a better trader.
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Hey DOGE I'm waiting for you 👀 Personally I think we are already at a good level to buy DOGE (not financial advice). But in my opinion the bottom of this retracement may not have arrived yet. Surely by closing the weekly FVG and touching the 0.62 Fibonacci level we have reached an excellent retracement level. This means that the price could lateralize for some time here before going up again and not going down more than it did last week. But the sell momentum was very strong and we did not precisley retest the structure, leaving a very high imbalance. This makes me think it could still go down a little
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I see 2 options for $ETH The price reacted well to the 50% of the Order Block What we can see now is: - the price reacts upwards from where we are now (maybe after some weeks of consolidation) - the price can break down the order block to go get liquidity on that big area of imbalance that we see in the weekly chart
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