Remember this chart guys? Of course it did not follow my path exactly, but like i always say, TA is not exact science. Anyway, just look around you right now and maybe even ask your self, what were your thoughts when i first posted this chart? I just know many of you were saying this guy is crazy thinking we will see those 8K prizes so soon.
Now i am not showing this to you say how right i was or whatever. No thats not the message, the message is that i am quite certain that most of those same people who said i was crazy a week ago about those "high" prizes, are probably thinking the same thing right now. But now they are probably thinking that i am just way to bearish with my view :) If they are not thinking that now, they will start to think it very soon, IF we go higher of course :). That's just the crazy thing about trading markets AND why it is so difficult.
Now the hidden message of this is, markets play with your mind all the time. It's nothing new, it's just turning more and more in a psychological game. This is all because of the big players who have entered this market. People were celebrating when they heard that the CME Futures were coming to this market, that hedge funds were coming, institutional money was coming. But i have been warning for almost half a year now how bad it actually is for this market and we have seen the results the past few months. These players are just here to play with us, to confuse every one and fill their already full pockets.
I know it's not what you wanted to hear, but it's how the world works unfortunately. Just like many famous people in this world who were claiming 2018 would be even a bigger year than 2017, Bitcoin would go to 50K or 100K or even higher. Almost everyone has his own agenda to why they are saying these things, it's to fuel the hype but even more to fuel their pockets.
The only people you COULD trust, are the ones who don't have anything invested in crypto's AND the ones who are not against crypto's (like the big banks for example because crypto's are a thread to them). But it's easier said than done to figure out who has an agenda and who doesn't. I am going to leave it with this now, hope you find it interesting and maybe even helpful :)
botje11:
I would like to quote the great Richard D. Wyckoff "Composite Man"
”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
You certainly understand the 'Composite Man'
I am learning so much from you. And based on that quote above makes so much sense. Back when you posted that double bottom, the bears were like this dude is muthaf'ing crazy. I didn't think that way of you. I actually said you have big ballz to go long.
Now that the bulls are out of the woodworks, I would not be surprised we see a straight line dump with a magnitude of $1000-$1200 drop in one shot.
fract
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ShivaNICKARIA
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Your excellent analysis that are without tumult is admirable. Thank you.
Hopefully the bullish sentiment just keeps going up
Dieter1983
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So the hidden text is the market will go down again? :)
You might be right but all lambo winners in a week are out now, the market will grow for sure during the coming months / years.
No growth is no future.
The hype is gone and thats what we need to grow again, less faster but that's ok
botje11
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@Dieter1983, No the hidden message is, that trading is going to be even more difficult in the future. Not saying we go down by definition, anything can change. I have been saying for a long time now, that if some fundamental things chance for the good, this market could see some real change in the positive sense
Peymana71
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In you we trust...lol
Thanks for another good TA.i bought again at $7550 with you.hope to see you shine among all TAs lately.
I would like to quote the great Richard D. Wyckoff "Composite Man"
”…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”
You certainly understand the 'Composite Man'
I am learning so much from you. And based on that quote above makes so much sense. Back when you posted that double bottom, the bears were like this dude is muthaf'ing crazy. I didn't think that way of you. I actually said you have big ballz to go long.
Now that the bulls are out of the woodworks, I would not be surprised we see a straight line dump with a magnitude of $1000-$1200 drop in one shot.