Why I’m still cautious on the nuclear darling?

Confirmation Bias, auch bekannt als Bestätigungsfehler, ist eine kognitive Verzerrung, die dazu führt, dass wir Informationen bevorzugen, die unsere bestehenden Überzeugungen und Meinungen bestätigen. Im Forexmarkt kann dies zu suboptimalen Tradingentscheidungen und folglich zu fehlerhaften Entscheidungen führen.

Facing the Bitcoin Halving in about 2 Days, let's dive into what the effects on the price could be once we break out of the consolidation. 

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I mentioned the range when the price was falling, the possibility of an Elliot wave 2 that would eventually develop into a wave 3. Now that we are in the middle of the zone, we must be cautious but with sharp teeth.

The key factor that one must consistently analyze in trading is the existing market conditions. Market conditions are constantly changing, transitioning from trending to ranging and vice versa, as well as shifting from periods of low volatility to high volatility. 

As mentioned in my last idea, HON was likely to move higher into that Gap. Here's the Chart since my initial idea ⬇️

Bitcoin has exhausted its correction scenario to the depths this week. The strong reaction now makes the bull scenario active and the next target is the 84,000 U.S. dollar mark. I will now increase my investment quota to 100%. I am invested in Avalanche, Worldcoin, Litecoin an Ethereum. I have based my selection on their relative strength compared to Bitcoin. The specific characteristics of the individual cryptocurrencies do not play any role for me. The "driver" of the crypto theme for me remains supply and demand, which works purely according to psychological factors. Please note the risk warnings in my previous posts.#Bitcoin #Cryptocurrencies #Portfoliomanagement #Coaching #Supervision

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Edit: Update 21:14 Europe / Berlin time