Crypto trader Glen Goodman discusses the timing to sell Bitcoin, challenges of trading in a volatile market, government overreach in pandemic response, media bias, and investment strategies. He delves into navigating crypto hype, market skepticism, and brain dichotomy. Exploring memory retrieval, book and film recommendations, and future podcast topics.
Bitcoin is money, Ethereum is a programming platform for apps.
Use technical analysis for cryptocurrency selection based on momentum.
Track developer trends for insights into crypto growth potential.
Investment strategy focuses on breakout trading after consolidations.
Deep dives
Analyzing Cryptocurrencies: Bitcoin and Ethereum
Bitcoin is considered a form of money, while Ethereum is viewed as an operating system for applications. Ethereum acts as a programming platform where apps are built, serving a dual role as money and a development platform. I keep track of fundamental factors like technology state and developer popularity. I rely on technical analysis to select cryptocurrencies, screening for momentum and trend following signals such as moving averages and RSI. I prefer buying after long consolidations with breakout patterns.
Market Research and Technical Analysis
I conduct market research using various cryptocurrency news websites like Coin Telegraph and CoinDesk, along with platforms like Decrypt. These resources provide insights into the latest developments and trends in the crypto space. Furthermore, I emphasize the importance of technical analysis, utilizing platforms like TradingView to screen for momentum and trend signals such as moving averages, RSI, and breakout patterns.
Attention to Software Developers and Cryptocurrency News Websites
I closely monitor trends among software developers to gauge interest in different cryptocurrencies and their potential for long-term growth. Websites like dune.com help me stay informed about the latest industry news and developments. Keeping abreast of news and trends in the crypto realm allows me to make informed decisions regarding investment strategies and opportunities.
Investment Strategy: Breakout Trading in Cryptocurrencies
My investment strategy revolves around breakout trading in cryptocurrencies, focusing on identifying breakout patterns after long consolidation periods. I look for breakouts following patterns such as triangles or horizontal tops, which indicate potential upward momentum. This approach has proven effective for me, particularly during bullish market conditions in the crypto space.
The Master and His Emissary by Iain McGilchrist
The book explores the split brain between the right and left hemispheres, with the right brain controlling nuance and intuition, while the left brain focuses on logic and detail. It delves into fascinating topics like the origins of language and music, offering an engrossing read for those interested in brain function and scientific analysis. The dense yet intriguing nature of the content makes it ideal for those seeking in-depth understanding.
Past Live
The Korean film 'Past Live' offers a refreshing take on romance, diverging from typical Western rom-coms with a more grounded portrayal of real-life relationships. The film's authenticity and relatability resonate with audiences, earning it accolades and praise. 'Past Live' stands out for its realistic depiction of romance, making it a must-watch for those seeking a genuine cinematic experience.
Glenn Goodman's Book
Glenn Goodman's book, recommended by a podcaster, provides insightful perspectives on trading and market dynamics. With a focus on practical application and real-world scenarios, the book offers valuable insights for both novice and experienced traders. Goodman's engaging writing style and informative content make the book a compelling read, especially for those interested in trading strategies and market analysis.
