My chart from 3 years ago predicting the end of the 2014 Bubble
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Bull Trap Complete we have "returned to normal" Onward!
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Caution Ahead in your bitcoin and altcoin trades: It looks as though my idea is working out so far, be prepared for it to continue to work out. The way to derisk is to close/reduce all of your positions and hold in something safer like USDT.
Successful trading is not about picking a side and sticking to it. It is about knowing the possible outcomes and the probability that they will occur. Open your mind to my idea, and be prepared for this possible scenario that it may come true.
You forgot to mention the media influence in current days is much bigger and for my poor experience news can make btc go up or down very quickly!!! At this stage TA is 30% and news 70%, nonetheless going to 8K or 4K is as valid as going to 30K 50K. Next couple of weeks will tell......
dayead
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@gpfan, that’s so wrong I don’t know where to begin. Good luck.
TheChasm
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@dayead, News ends up being validation for what people want to do already. If you want to sell, you connect with negative news more. If you want to buy you ignore negative news and focus on the positive. News isn't that important. Major changes to the market are. But generic news is not.
gpfan
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@dayead, Look what´s happening mate..... All the FUD is relative to negative news!!! Negative news drive the price down even if investor sentiment is positive, this will affect all and panic sell!! Now the correction is needed in fact but is driven by negative news that´s my conclusion. Is the correction organic? In my opinion it is not, at some point Whales are manipulating the price right now to buy cheap and all the noobs, instead of holding, are selling to them. The more whales buy the less BTC is decentralized!
TheChasm
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@gpfan, So it's just a coincidence my analysis is spot on? And that I based if off a common pattern? The news cycle is the reason? Also, manipulation? Is the earth flat too? You see where this is going right? lol
prasetyayudamanggala
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@gpfan, when all the news is poured inside each candle. and he read the candle.
Fazzzmin
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I feel bad for you. missed the boat ha? hurts to see others making it?. Well its still not too late.
TheChasm
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@Fazzzmin, you feel bad for me? I rode the boat from 2015-2017 and then I got off @ the top. I feel pretty good for me.
"I think there is a world market for maybe five computers." - Thomas Watson, president of IBM, 1943
"Television won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." - Darryl Zanuck, executive at 20th Century Fox, 1946
"Nuclear-powered vacuum cleaners will probably be a reality within ten years." - Alex Lewyt, president of Lewyt vacuum company, 1955
"There is no reason anyone would want a computer in their home." - Ken Olsen, founder of Digital Equipment Corporation, 1977
"Almost all of the many predictions now being made about 1996 hinge on the Internet's continuing exponential growth. But I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, founder of 3Com, 1995
"Apple is already dead." - Nathan Myhrvold, former Microsoft CTO, 1997
"Two years from now, spam will be solved." - Bill Gates, founder of Microsoft, 2004
In other words your post and your prediction could suck just as much as these above you :P :P happy new year and happy fudding :)