Nico.Muselle

Nico.Muselle

Crypto Twitter is going on a rant against Elon Musk and Tesla for selling their :bitcoin: Maxis and HODLers take it out on Elon Musk for being a traitor, an opportunist, a shill, pump&dumper and more ... But what exactly happened? In the Tesla earnings call this week, it became clear that Tesla has sold 10% of their bitcoin holdings. According to Elon Musk it was...

Nico.Muselle Updated 

Hey there, it's been a while since I last posted something on Bitcoin, so let me share with you how I see the current situation. It's been a wild ride for the last year, bitcoin has come a long way since the lows of March 12th 2020, and no-one would be to blame to think that the cycle top is in and that we are going lower from here. After all, we did not test the...

Nico.Muselle

"Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime" - unknown origin* 🔴What does this quote mean, and how does it related to trading (signals)? The quote means that you can indeed resolve an issue by providing a hungry man a fish, serving his immediate need, but if you really want to help him you should teach...

Nico.Muselle Updated 

" Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime " - unknown origin * 🔴 What does this quote mean, and how does it related to trading (signals)? The quote means that you can indeed resolve an issue by providing a hungry man a fish, serving his immediate need, but if you really want to help him you should...

Nico.Muselle

"Many are called, but few are chosen". Ever heard this proverb? This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say? "90% of traders lose 90% of their money in 90 days" 😱😱😱 That's right, statistics show that 90% of people who start trading lose the majority of their money in less...

Nico.Muselle

What is the Pay Yourself First - philosophy? Paying yourself first is a savings strategy that implies you should save or invest a portion of your income before spending it on other things like bills, groceries, dining out, accessories or anything else you tend to spend your hard earned money on, as part of a savings plan. In other words, the moment your...

Nico.Muselle Updated 

In this publication, I want to make a case for Dollar Cost Averaging (DCA) and explain why for most traders, it is by far the most profitable strategy. Rather than buying and selling BTC whenever you see a potential top or bottom, or trade with leverage. Let's travel back in time to the end of 2017, everybody is talking about bitcoin and this is how you heard...

Nico.Muselle Updated 

As laid out in my previous publications ( please do check them - links attached ), the 13.8K level is providing resistance and stopped the latest move up. Logical, as this is the highest monthly close we've ever seen, and it already provided resistance back in June of 2019 after a spectacular bull run. While back in those days, this was the signal for a big...

Nico.Muselle

The chart pretty much speaks for itself, doesn't it? I mean, there's not tons of history to compare with, but the 2 previous times we were in this situation, it has lead to an explosive move to the upside. 2021 could be the year of that move. From history we can also derive that the majority of the gains are made in less than 1 year, after which price...

Nico.Muselle Updated 

I failed to provide a timely update to my previous publication where I said that we'd go up and back down. BTCUSD did just that, but did not go down as much as I expected. This is a positive sign for maintaining a bullish bias as we seem to be creating higher lows on the daily chart, keeping the trend line intact. Currently we again are facing a resistance...

Nico.Muselle

G'day folks! Following my previous analysis where I said that BTC would find support and then go up, we did exactly that, although a little bit lower than the level I expected. We actually traced down to the low of the candle that started that move, not the open. (Details ...) Now we have see a move up and it seems that we are finding resistance under similar...

Nico.Muselle

Hey Trading Ladies and Gents! It's been a while again since I posted my last idea "Unlock the BTC potential ... When Moon???" . Since that idea is really a long term idea, which, even if I say so myself, is still pretty much spot on, I've decided to give you my thoughts on the shorter term. We saw a good drop in price yesterday and a lot of people are calling...

Nico.Muselle Updated 

This analysis is purely theoretical and based upon past performance. As you all know this is no indicator for the future but I'm giving it a try anyway. The "Consolidation Periods" in this analysis are the periods after price reached its (temporary) peak and pulled back to form a higher low. We can see that these higher lows are always higher than the peak price...

Nico.Muselle

With the COVID-19 crash having a big impact on the markets, I wanted to compare some assets/indices on their performance since the crash on March 12th. For completeness, I have also added the gains since Jan 1st, to see how well they recovered from the whole pandemic. Crypto Assets It is clear that crypto assets show the highest resilience. Ethereum in...

Nico.Muselle

Since my last publication back in April , price has performed pretty much as expected. We did close a little above the 9.2K level at the end of May, but we could consider that within the error margin. This month we attempted to break higher, but 10K seems like a hard stop and by now we are back below the 9.2k key level. Bitcoin price is very stable as we have...

Nico.Muselle Updated 

It's amazing how zooming out gives you perspective on the price action. The way I see it we have 3 key price levels at this moment. 6400 level : This level has been providing support for quite some time and has been tested quite a lot, the break below in March was quickly bought up again and we are back in the range between this level and ... 9200-9300 level :...

Nico.Muselle

BTCUSD currently sits at the start of the candle that took us out of the consolidation period of November - December 2019. We will most likely experience some resistance here and we might see a pullback. To overcome this resistance, we need high volume and a weekly close above the 7500 level, ideally above 7600. Without that, we might see doubt kicking in again...

Nico.Muselle Updated 

We have seen yet another failed rally on Bitcoin and many people are thinking that this is the prelude to a doom scenario where it will go to 5000 or even lower. Despite that failed rally, I do not believe in the predicted drop, I do not participate in the panic selling. As a matter of fact, I do think we are actually setting up for a nice rally. Do you think I...