083/18 Crypto Chartbook – No position in the market is often the most valuable one, September 8th 2018

No position in the market is often the most valuable one!

We were very aggressive in our last chart book reflected in the title “Time to get paid“…  

Rightfully so, since our plays returned generously on our investment at very acceptable low risk:

Bitcoin daily chart as of September 8th, 2018.

Bitcoin daily chart as of September 8th, 2018.

It is principle so, that it is prudent to take what the market is offering and not to be greedy and as such we took very aggressive profits as stated in real time in our telegram channel at the weekly resistance zone of the bearish triangle.

Not having a position in the market at times of higher risk or lower risk /reward ratios is a mutually good advise often given from successful traders and investors and we consider such a scenario to be the case unfolding right now. Hence this time´s chart book headline being a bit more modest.

Bitcoin weekly chart as of September 8th, 2018.

Bitcoin weekly chart as of September 8th, 2018.

This can change quickly, because overall, markets coming out of their summer doldrums and soon more volume to be expected to be seen in all markets as a whole.

That being said we have an eye on Monero:

Monero daily chart as of September 8th, 2018.

Monero daily chart as of September 8th, 2018.

and Genesis Vision as possible short term plays should the 6k levels on BTC hold:

Genesis Vision hourly chart as of September 8th, 2018.

Genesis Vision hourly chart as of September 8th, 2018.

All charts timely posted in our telegram channel.

About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

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