Disclaimer: I do not have a lengthy track record as a successful trader. This is a personal challenge and meant for entertainment purposes only. If you do decide to actively trade in cryptocurrency then never use more than 1/10 of your overall stack. You will make mistakes and you will get hurt. However, if you can learn a profitable strategy before getting completely rekt then the initial investment will be irrelevant.
Today is the second day in a row of nursing a headache. It is amazing how quickly I can spiral down this path. The loop goes something like this:
- Wake up feeling hungover from the night before
- Struggle through, being as productive as my energy levels allow
- Get little or no satisfaction out of my work/daily routine, due to chemical imbalance in my brain
- Constantly think about the end of the day, when I can get drunk and high
- Back to step 1
The other pattern of thinking is so much better!
- Feel great in the morning
- Be excited about my daily routine
- Feel intrinsically rewarded and accomplished after completing tasks
- Feel more energy and motivation and look for more tasks to complete
- Feel very proud of myself for my level of productivity and discipline
- Back to step 1.
Instead of giving myself a hard time to the point where I feel overwhelmed with anxiety I am going to focus on the vast improvements that have been made. For years of my life I didn’t know there was any cycle other than the first one listed above because I couldn't remember what a sober day felt like.
I didn’t think that I could be productive without getting high and I also didn’t think I could handle everyday stress without something to 'take the edge off.' Now I am a completely new person who recognizes the pitfalls of the former pattern of thinking and embraces the latter.
Open Positions
N/A
Watchtower
These are trade ideas and/or open positions that I am keeping my eye on. They may or may not pan out the way I see. I am not recommending anyone else follow these trades.
(1) BTC:USD 4 hour chart | $7,117 - 7,250 as last line of support for remaining bullish | Triangle at 66% completion in next 2-4 days, and that's when a breakout is expected.
(2) BTC:USD Daily Chart | 3 longer term options
(3) ETH:USD Daily Chart | Expect $400 retest | Potential short sale entry at $625 - $650
Lifestyle
Yesterday I went with some friends to a different disc golf course that ¾ of us had never played. It was an awesome layout and all of us were very impressed. We played a two man scramble and bet dinner. We marched up to the first tee after making sure to clarify that alcoholic beverages would be separate from the bet.
It was a nice afternoon and I couldn't resist cracking a PBR tallboy for the back 9.
My partner and I played awesome, shooting a bogey free -2 to win by three strokes. The MVP was my partner for his consistent driving and great putting. I contributed enough to feel like I earned my meal.
We went to a brewery afterwards and I got a really good cheeseburger along with a couple cocktails. I got home around 9:00 and watched the last two episodes of Silicon Valley before going to sleep.
Richard Hendrick’s “new internet” has provided the best framework for me to understand Bitcoin and/or blockchain. If someone asks me to explain either one to them I will immediately ask if they watch the show. Since last season I have been wondering if there intention all along was to help bring blockchain to the masses by making it easier to understand.
Tweet of the Day
I don’t think that he measured the target properly, but I sure like where @MoonOverlord’s head is at!
Homework
Article about pressure & momentum Coming Soon!
Comment if you have something to say. Smash the like if you are still reading and definitely finger that follow!
Want even more?
Check out the Brand New Projections for the Bitcoin 2018 Bull Trend - $34,000 Target?!?!
Click here for yesterday’s post!
Here the BTC:USD 4 hour chart DAILY UPDATE!
And you definitely don’t want to miss the next Gold Bubble!
Intro to Indicators
Bill Williams Fractals
Intro to Ichimoku Clouds
@CarpeNoctom's Top 5 Indicators
Chaikin Money Flow Brand New!!!
White Paper Cliff Notes