So I'm getting ready to short this absolute crap company known as Coin. Check this out. I'm going to start sharing my screen. There's probably going to be a lot of people that are triggered down in the comment section because they're probably down 15 to 20% in just the past two days.

And I get it, If you're a bag holder, it's a hard time to be alive right now. Uh, 16.2% from overall highs to overall lows. and this is following after the News of This Spot. Bitcoin ETF Approval Process Now the reason I wanted to share this with you and again feel free to share your own opinions.

This is just my opinion. Down in the comment section. there's so much selling pressure that is following after the News of The Spot Bitcoin ETF Approval Now why right? Well there's a common phrase right If you're well versed in the market, it bu the rumors which was 2 to 3 months ago and sell the news. The news was just released and I could see why larger Traders larger investors institutions are locking and profits now causing this pullback and this havoc on companies like coin.

Mara or actually just the actual Bitcoin Um, currency as a whole right? We saw it hit highs of 49,000 then a huge pullback shortly after and this could be just the beginning. Now it doesn't have to happen. but if we do begin to see confirmation of more selling pressure, check this out. Look at all the downside risk that is involved.

We have 36% downside just to the moving average and due to previous lows. if We were to consider that, that's nearly a 50% Roi if we get that confirmation of coin actually selling off. Now again, this doesn't mean that this thing actually has to sell off, but it has never been this low. Since the rally, we are making new lows, we're breaking below the moving average, we're breaking below every major support level, And this should be a concern for a lot of people because just as much as everyone anticipated this thing to go up.

If people continue to lock in profits and there's a wave of selling pressure pressure, you cannot be surprised that 136 is nothing. It can go down to lows of 130. It can go lows to 115 to even lows of 100 in just a matter of time. We lost 133% on coin yesterday and again, the beautiful thing about this is that there's a lot of opinion opinionated people down in the comment section, remember, there's money to be made on either side.

If coin begins to rally and breaks Above This EMA and actually begins to indicate signs of an uptrend, then great. I Can choose to go long. But all emotions aside and all opinions aside, if coin begins to break below and show progress below this EMA on the day chart, then I can go short and make money as it sells off. Remember, it's not that I'm against you or that anyone is against you.

You're irrelevant to the market I'm irrelevant to the market. We're all here and focused on one thing, and that's making money. So don't take it personally because the Market's not against you. I'm not against you.

It's what the market is doing. And are you really experienced enough and not naive to the point where you go with the flow of Direction instead of trying to trade against it based off of your hope or based off of what you read on Reddit or on another Discord of what was going to happen. Your opinions literally do not matter, your emotions do not matter, or your hopes do not matter. When it comes down to this, all that matters is price action.

And if this continues to show bearish price action and showing progress below that, EMA I Hope that you are ready and that you hold yourself accountable enough to know when to manage and mitigate risk. Now if this thing begins to actually break above the EMA and show signs of a recovery and it breaks above, you know this like 145. Kind of like hiccup that, uh, we were struggling to hold above. That would be absolutely amazing.

and then maybe yes, Bitcoin can get a second win, coin can get a second win, and Mara can get a second second win and showing signs of an actual recovery. To maybe retest the previous highs of 160 or maybe all-time highs of the 187 or at least 52 we Highs But again, I Wanted to make this video because I wanted you to understand. It doesn't matter if people are going long or shorting. if you get offended by that, then that is your own personal problem.

There's always money to be made and why are we here to make money right? Just like with coin or just like with? Overall: NASDAQ Market You can go long or you can go short. The choice is yours and your inability to manage risk is no one's fault but yourself. And this is what we're focused on in 2024, right? This is what we talked about during today's live trading session is making sure that we don't think about being perfect, but simply working on signs of progress. And this is what we focus on every single morning.

right at: Market Open During my live trading sessions, you get to see every entry, every exit that I take during these sessions. But most importantly, you get to hear my thought process. You get to see my good good trades and my bad trades. And if you're tired of being left in the dark and you feel like it would be valuable to watch me trade live, then sure, check it out.

Second link in the description down below, but I want to remind you that it still comes down to your ability to learn from your mistakes and you can see there's going to be offended people down in the comment section and those are those people are perfect examples of exactly what not to be like because they will never make it in this market because they think that the market is against them. They trade with too much emotion and again, they are a perfect example of what not to be like. So if you're trying to again, take a different approach when it comes down to the market to actually try to be consistent. If you have losses, they're part of it.

Manage and mitigate those losses. Keep them small and we let those winners run right, making sure we only take trades that meet our criteria I'd Love to work with you on a closer basis. Second link in the description down below. it's our biggest discount 50% off and I'll see you for our next live trading session.

If you have any questions, shoot me a direct message right now via Discord or via Instagram And that's the first or third link in the description down below. I Appreciate you guys' time, hope and wish you guys an amazing weekend again. If you get offended, that's your problem and only you. Like always, let's make sure that we end the year on a green note.

Take Care Team.