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Setting things up.

This might take a while.

This blog will be about blah blah blah......... you'll see.


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Critical Thinking

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Often it is considered to be doubting yourself and your own thoughts when you start to question an idea or a solution you might have but I tend to disagree.  Many atimes while going on with my trading activities, investing or implementing a new idea/method, basically everywhere, I question my own idea severally. These questions do not have answers but rather lead to more questions and those questions lead to more questions and in the end now I start finding the answers myself and put the pieces together making my initial idea more accurate & more efficient. I'll relate this to trading. System Building . When forming your own trading system you might not know everything good that a trading system needs to have but by asking yourself questions you'll most probably figure out more than three quarters of all necessary elements of a trading system all by yourself even before doing any research.  New traders mostly have the habit of asking someone who they consider ...
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Central Banks

Definition: A country's main bank. The Central Bank holds a country's banking system by providing the currency of the country, notes & coins, and serves as a lender of last resort to the Commercial Banks.  The Central Bank is incharge of a country's monetary policy. This means to maintain Price stability by controlling inflation, ensuring steady GDP growth and achieve full employment in the economy. The Central Bank is independent from a country's government/regime and thus its operations are uninfluenced by the political climate/scene.  Examples: Fed - the Federal Reserve, Central Bank of the United States ECB - European Central Bank, Central Bank of the European Union  BoE - Bank of England, Great Britain's Central Bank BoC - Bank of Canada RBA - Reserve Bank of Australia and others How a Central Bank Influences an economy a) Macroeconomic goals - Large scale /Long term goals that include maintaining price stability & steady GDP growth.  b) Microeconomic g...
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Bitcoin Price Analysis: More pain ahead.

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More tears among investors as the dip keeps dipping, but before we get to the analysis, do you know what caused this dip?   #citadelscandal #UST I hope you know Luna is now $0.00, 100% down, my condolences to the investors.  Checking Bitcoin's Weekly chart, we saw a sharp break below the critical $28k support now we're back at the levels of $29k. According to me, we still aren't out of the woods yet, I see a possibility of price hitting as low as $18k as I have marked on the chart above and that to me is where if the price reaches I will start being buy biased. I think in probabilities myself that's why I'm bearish even now, the price is more likely to keep falling than to start a reversal now.  Here' s my daily chart, I see a retest, I am very bearish on this pair. I have made a good amount of money obeying what the price is showing me since the fall from $45k and that's not something I'm about to quit. I would really not be shoc...
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