Paul_Varcoe

23:21

Paul_Varcoe

This is part 1 of 2. Feel free to ask questions. #daytrading #daytrader #freeadvice #BTC #bitcoin #bitcointrading

Paul_Varcoe Updated 

Here at Mayfair we have spent literally years trying to save all of you from getting caught out in Bitcoin. It's at times like these that we have stepped forward and warned you that all that glitters is not gold. Right now Crypto Twitter (Crypto X??) is bullish, like it is every time a breakout seems possible. Wanting to be right is never enough. Let's look back...

Paul_Varcoe

There have been quite few books written about this, and mainly, they deal with how to avoid being defeated by your own fear and greed. Fair enough, and this article does NOT replace them. The books are best suited to those who have traded for a while, and need to improve their performance. If you are a beginner, you won't know the first thing about the various...

Paul_Varcoe

You may not believe this, but it is very difficult to trade the markets. Here is a statistic to back it up: 90% of new traders lose 90% of their stake in the first 90 days. This is well known to the brokers, so they will do almost anything to get you to sign up, so they can get your money from you. Mostly they don't even send your orders to the market. They...

Paul_Varcoe Updated 

I wrote this 18 months ago. I still stand by every word. TLDR: April 2022.. Recession fears, interest rate hikes, high inflation In the first phase of a recession, the market falls due to fear because "everyone knows a recession is coming" In the second phase, companies report excellent profits because "duh it's inflation that's why we raise our prices"...

19:42

Paul_Varcoe

feel free to ask questions. Let's make it a conversation. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

36:23

Paul_Varcoe

This is a stream where I want questions. About anything. Bitcoin, FX, Gold, Politics, Sport, Science, anything. Let's make it a conversation. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

17:29

Paul_Varcoe

Traders have to be patient for a reason Generally, the bigger picture holds all the clues you need. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe

Just look at the weekly chart. Inversion level (my own term) is a level where once it breaks through it tens to stay there for a while and takes more than a couple of attempts to break through. So my bias is short until we get a decent break and a successful retest. Imagine this as a 15m chart. What would you think of it? You would be looking to sell, so why...

Paul_Varcoe

The CFTC Commitment of Traders (COT) report gives a snapshot of the minds of professional traders. It means that while they spend 100% of the time knowing our positions, because they are our brokers and bankers, we get a 5% glimpse once a week into theirs. While we only see a small sample of the positions (just the ones on the futures exchanges basically), it...

14:00

Paul_Varcoe

Let's think about it in BTC It's all too easy to listen to the mob. Try listening to some logic. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

20:58

Paul_Varcoe

Still not going to get puffed in. It's all too easy to listen to the mob. Try listening to yourself. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe Updated 

I have proved before in this post that the big boys are big enough to push the price wherever they want. Now we have the smoking gun. From the CFTC's suit against Binance: During the Relevant Period, Binance has traded on its own platform through approximately 300 “house accounts” that are all directly or indirectly owned by Zhao, as well as accounts owned by...

16:33

Paul_Varcoe

Please don't get sucked in to Bitcoin. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

11:00

Paul_Varcoe

Bitcoin Update. Bullish? #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe Updated 

Update from vacation in Stellenbosch South Africa! It's lovely here. That is all. OK, seriously, in the associated posts I spelled out why it was dumb to follow the "influencers" who just want you to trade, and who don't care if you make money. They were all howling for the moon at $24-$25k. The screenshot on the chart had BUY BITCOIN !!!!!!!! 3 weeks...

28:32

Paul_Varcoe

Have I changed my view to BUY on Bitcoin? Plus AMA as usual #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe

Here's something I prepared earlier in the year. I still think this is valid, though it is six weeks old. Last week I published this. It's up 25% since then. Not bad, eh? Please beware of the perma-bulls. It is all to easy to go off early, because it's exciting. This bullish action simply helps to confirm that we are likely accumulating, NOT that the...